[ad_1]

BREAKING NEWS: Donald Trump’s company found GUILTY of tax fraud in scheme where executives were given off-the-book luxury perks such as luxury cars and private school fees

The Trump Organization has been found guilty of fraud at a criminal trial in Manhattan.

The company was found guilty on all counts after facing a series of tax fraud charges.

Trump’s company was accused of carrying out a 15-year-long criminal scheme to defraud tax authorities. 

The scheme included paying personal expenses like free rent and car leases for top executives including former Chief Financial Officer Allen Weisselberg without reporting the income, and paying them bonuses as if they were independent contractors, prosecutors said. 

Weisselberg testified for the prosecution but would not implicate Trump personally. 

The Trump Organization has been found guilty of fraud at a criminal trial in Manhattan

The Trump Organization has been found guilty of fraud at a criminal trial in Manhattan

Trump himself railed against the prosecution as another part of a wide-ranging ‘witch hunt’ against him, and claimed he faced a double standard for getting charged with ‘fringe-benefits.’

The verdict came after indictments of two different entities last year: Trump Corporation and Trump Payroll Corporation. 

See also  DR MEGAN ROSSI: The secret to healthy bones? You can't beat onions!

Weisselberg himself pleaded guilty to accepting free rent and use of a car and even private school tuition for family members as part of the scheme.

Trump himself does not face criminal liability in the matter – although he faces a separate civil suit by New York AG Letitia James, who is suing the company and family members for $250 million. 

The verdict comes a day after Manhattan DA Alvin Bragg announced a prominent new hire for his office, following reports that his team is taking a second look at the years old case involving porn star Stormy Daniels, who got ‘hush’ payments and claims she had an affair with Trump. Trump denies the affair.

Trump’s lawyers claimed the company was ‘betrayed’ by Weisselberg, who first worked for Trump’s father Fred when he ran the company, and claimed he set up the schemes on his own authority and for his own benefit.

Prosecutors noted that it also benefited the company’s own bottom line. 

Trump blasted the prosecution before a verdict was even reached Tuesday. 

‘Murder and Violent Crime is at an all time high in NYC, and the D.A.’s office has spent almost all of its time & money fighting a political Witch Hunt for D.C. against “Trump” over Fringe Benefits, something that in the history of our Country, has never been so tried in Court before,’ he wrote on his Truth Social site.

‘Two weeks at trial, yet no MURDER CASE has gone to trial in 6 years, much to the consternation of victims mothers and families who are devastated that NOTHING is being done to bring JUSTICE. Too busy on “Donald.” 

See also  Earth hit by 'gamma-ray burst' blast of radiation from neutron stars collision that created kilanova

More to follow 

Advertisement

[ad_2]

Source link