Former President Donald Trump’s real estate company has been found guilty on all counts it faced in a tax fraud trial in New York.
Jurors in the Trump Organization’s criminal tax fraud trail came to a verdict on Tuesday afternoon.
The Trump Organization was convicted in a more than 15-year-long scheme to defraud tax officials. It involved paying company executives bonuses as if they were independent contractors, according to prosecutors.
The company was also accused of paying personal expenses like rent and car leases for executives including chief financial officer Allen Weisselberg without reporting to tax authorities.
‘The smorgasbord of benefits is designed to keep its top executives happy and loyal,’ prosecutor Joshua Steinglass said during closing arguments on Friday.
Trump’s company faces fines for the conviction. The amount will be determined at a later date.
The Trump Organization had pleaded not guilty in the case. The ex-president himself was not charged.
The sentencing date has been set for January 13.
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