Donald Trump’s family business, the Trump Organization, pleaded guilty to financial and tax fraud on Tuesday, December 6, after a trial in New York where the former Republican president was not tried, Manhattan prosecutor Alvin Bragg said.
Jurors, who retired Monday to deliberate after more than a month of hearings, “Convicted Trump Corporation and Trump Payroll Corporation on all countsAlvin Bragg wrote on his Twitter microblog. The two companies were convicted of tax evasion and falsifying accounting reports, in particular to conceal financial compensation from some senior tax authorities.
“The Case of Greed”
“It is about greed and deception. No corporation is above the law in Manhattan“In the press release, Prosecutor Bragg welcomed, noting that this is the first time that Donald Trump’s company has been convicted of a crime. The billionaire is now officially running for the 2024 Republican presidential nomination.
“For 13 years, the Trump Corporation and the Trump Payroll Corporation evaded the law by awarding high-level executives lavish benefits and compensation while deliberately hiding those benefits from the IRS to avoid paying taxes.“, he added. The sentence should be announced on January 13, 2023, the prosecutor notes.
In that case, Allen Weiselberg, the family group’s former CFO, entered a plea deal in August and pleaded guilty to 15 counts of fraud and tax evasion involving $1.76 million in unreported income between 2005 and 2021. The Trump family testified at the trial of the company, a group that notably manages hotels, golf courses and real estate investments. At the opening of the trial, Donald Trump condemned “witch huntDemocrats against him.
Source: Le Figaro
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