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Donald Trump’s company found guilty of tax fraud

donald trumps company found guilty of tax fraud

Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney.

The conviction on all 17 counts comes on the second day of jury deliberations in the State Supreme Court in Manhattan, in a trial in which the Trump Organization was accused of being complicit in a scheme to hand out fancy job perks to top executives – including rent-free apartments, luxury cars and private school tuition for relatives – none of which they paid personal income tax on.

New York prosecutors have spent three years investigating the former president and his businesses.

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The company is expected to be fined up to $1.6 million, a relatively low amount, but the conviction could affect some of the company’s future deals.

Mr Trump, who recently announced he was running for president again, has dismissed the case as a politically motivated “witch hunt” by Democrats.

With additional reporting from agencies.

Inews.. .

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