NEW YORK (AP) — Donald Trump’s company has been convicted of tax fraud for a scheme by top executives to avoid paying personal income taxes on perks such as apartments and luxury cars.
As punishment, the Trump Organization could be fined up to $1.6 million.
The guilty verdict Tuesday day came on the second day of deliberations in the only criminal trial to arise from the Manhattan district attorney’s three-year investigation of the former president and his businesses.
Longtime Trump Organization finance chief Allen Weisselberg previously pleaded guilty to hatching the 15-year scheme. He testified at the trial in exchange for a promised five-month jail sentence.