The former president’s companies now stand convicted of crimes.Manhattan District Attorney Alvin Bragg in a statement after two of former President Donald Trump’s companies were convicted in a tax fraud case on Tuesday.
Why It Matters: The Trump Corporation and the Trump Payroll Corporation were convicted in what prosecutors describe as a 15-year scheme. They were found guilty on all 17 counts charged, including conspiracy and several counts of criminal tax fraud. The case centered around the Trump Organization's former chief financial officer Allen Weisselberg – who pled guilty in August and detailed how the company gave executives "off the books" perks, such as luxury cars and apartments. The companies now "face criminal penalties of up to $1.6 million," and are scheduled to be sentenced on January 13.
Big Picture: This case was one of many ongoing investigations involving former Pres. Trump. Following the conviction, Trump organization lawyer Alan Futerfas said: "We'll certainly be appealing." Neither the former president – who announced his 2024 presidential campaign in November – nor his family were charged.
Trump Organization convicted in N.Y. criminal tax fraud trial (The Washington Post)
by Jenna Lee,