Beautiful Virgin Islands

Thursday, Jul 03, 2025

Donald Trump's company found guilty of 15-year-long tax fraud

Donald Trump's company found guilty of 15-year-long tax fraud

Former President Donald Trump’s real estate company has been found guilty on all counts it faced in a tax fraud trial in New York.

Jurors in the Trump Organization’s criminal tax fraud trial came to a verdict on Tuesday afternoon. The company was convicted on all 17 counts in a more than 15-year-long scheme to defraud tax officials.

Prosecutors accused the company of paying executives bonuses as if they were independent contractors. The Trump Organization paid personal expenses like rent and car leases for executives including chief financial officer Allen Weisselberg, without reporting to tax authorities, prosecutors said.

‘The smorgasbord of benefits is designed to keep its top executives happy and loyal,’ prosecutor Joshua Steinglass said during closing arguments on Friday.


The jury foreperson rises to read the guilty verdict in front of Judge Juan Merchan in the Trump Organization’s criminal tax trial in Manhattan Criminal Court

The Manhattan district attorney’s office previously drew a guilty plea from Weisselberg. Weisselberg, who is on paid leave from the Trump Organization, testified for the prosecution but did not implicate Trump.

After the verdict, the Trump Organization blamed Weisselberg, saying he ‘testified under oath that he “betrayed” the trust the company had placed in him’.

‘The notion that a company could be held responsible for an employee’s actions, to benefit themselves, on their own personal tax returns is simply preposterous,’ stated the Trump Organization.

Weisselberg’s lawyer, Nicholas Gravante Jr, stated that the verdict does not impact his client’s legal situation.
A jury found the Trump Organization guilty on all counts and convicted the organization of conspiracy, criminal tax fraud, falsifying business records, and filing false tax returns in a scheme to defraud the state


‘His only obligation relating to the trial was that he testify truthfully, and clearly he did,’ Gravante said.

Trump’s company faces fines for the conviction. The amount will be determined at a later date. The fine amount is not expected to be very significant given the size of the company, but could impact its business with partners and lenders.

The Trump Organization had pleaded not guilty in the case. The ex-president himself was not charged. A judge set the sentencing date for January 13.

A defense lawyer for the Trump Organization, Alan Futerfas, said the company will appeal the decision.

The Trump Organization owns and operates hotels, golf courses and other real estate properties worldwide. The company is subject to a separate fraud lawsuit led by New York state Attorney General Letitia James.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
×