NY jury finds Trump Organization guilty of fraud / Photo: MANDEL NGAN - AFP
-
Dumornay gives Lyon lead over Arsenal in Women's Champions League semis
-
Trans rights supporters rally in London, Edinburgh after landmark ruling
-
'We have to wait': Barca's Flick on Lewandowski injury fear
-
Bordeaux-Begles backups edge Pau to close in on Top 14 summit
-
Trans rights supporters rally outside in London, Edinburgh after landmark ruling
-
PSG beat Le Havre to stay on course for unbeaten Ligue 1 season
-
Man City close in on Champions League with Everton late show
-
14-year-old Vaibhav Suryavanshi becomes youngest IPL player
-
Barca make stunning comeback to beat Celta Vigo in Liga thriller
-
Zverev sets up birthday bash with Shelton in Munich
-
Man City boost top five bid, Southampton snatch late leveller
-
US Supreme Court intervenes to pause Trump deportations
-
Alcaraz and Rune race into Barcelona final
-
US, Iran to hold more nuclear talks after latest round
-
Man City close in on Champions League thanks to Everton late show
-
Bayern close in on Bundesliga title with Heidenheim thumping
-
Tunisia opposition figures get jail terms in mass trial
-
Putin announces 'Easter truce' in Ukraine
-
McLaren duo in ominous show of force in Saudi final practice
-
Afghan PM condemns Pakistan's 'unilateral' deportations
-
Iran says to hold more nuclear talks with US after latest round
-
Comeback queen Liu leads US to World Team Trophy win
-
Buttler fires Gujarat to top of IPL table in intense heat
-
Unimpressive France stay on course for Grand Slam showdown
-
Shelton fights past Cerundolo to reach Munich ATP final
-
Vance and Francis: divergent values but shared ideas
-
Iran, US conclude second round of high-stakes nuclear talks in Rome
-
Dumornay gives Lyon first leg lead over Arsenal in women's Champions League semis
-
Trans rights supporters rally outside UK parliament after landmark ruling
-
Rune destroys Khachanov to reach Barcelona Open final
-
From Messi to Trump, AI action figures are the rage
-
Vance discusses migration during Vatican meeting with pope's right-hand man
-
Afghan FM tells Pakistan's top diplomat deportations are 'disappointment'
-
British cycling icon Hoy and wife provide solace for each other's ills
-
Money, power, violence in high-stakes Philippine elections
-
Iran, US hold second round of high-stakes nuclear talks in Rome
-
Japanese warships dock at Cambodia's Chinese-renovated naval base
-
US Supreme Court pauses deportation of Venezuelans from Texas
-
Pakistan foreign minister arrives in Kabul as Afghan deportations rise
-
Heat and Grizzlies take final spots in the NBA playoffs
-
Iran, US to hold second round of high-stakes nuclear talks in Rome
-
Humanoid robots stride into the future with world's first half-marathon
-
Migrant's expulsion puts Washington Salvadorans on edge
-
Plan for expanded Muslim community triggers hope, fear in Texas
-
Pakistan foreign minister due in Kabul as deportations rise
-
White House touts Covid-19 'lab leak' theory on revamped site
-
Dodgers star Ohtani skips trip to Texas to await birth of first child
-
How Motorcycling Builds Life-Long Friendships
-
SFWJ / Medcana Announces Strategic Expansion Into Australia With Acquisition of Cannabis Import and Distribution Licenses
-
US senator says El Salvador staged 'margarita' photo op
NY jury finds Trump Organization guilty of fraud
Donald Trump's family business was found guilty of tax fraud by a New York jury Tuesday, dealing a blow to the ex-president as he eyes the White House again.
The Trump Organization was found guilty on all nine counts, marking the first time it had ever been convicted of crimes, prosecutors said in a statement.
"This was a case about greed and cheating. In Manhattan, no corporation is above the law," said Manhattan District Attorney Alvin Bragg.
Trump's company faces a fine of around $1.5 million, a paltry sum to the billionaire real estate developer but one likely to inflict damage to his reputation as he seeks the presidency in 2024.
The Trump Organization and separate Trump entity the Trump Payroll Corp were convicted of running a 13-year-scheme to defraud and evade taxes by falsifying business records.
Jurors agreed with prosecutors that the Trump Organization -- currently run by Trump's two adult sons, Donald Jr and Eric Trump -- hid compensation it paid to top executives between 2005 and 2021.
Longtime CFO Allen Weisselberg, had already pleaded guilty to 15 counts of tax fraud, and testified against his former company as part of a plea bargain.
A close friend of the Trump family, the 75-year-old Weisselberg admitted he schemed with the company to receive undeclared benefits such as a rent-free apartment in a posh Manhattan neighborhood, luxury cars for him and his wife and private school tuition for his grandchildren.
According to his plea deal, Weisselberg agreed to pay nearly $2 million in fines and penalties and complete a five-month prison sentence in exchange for testimony during the trial, which started in October.
Trump, who had slammed the charges as a "witch hunt" by rivals," was himself not named in the case.
"For 13 years the Trump Corporation and the Trump Payroll Corporation got away with a scheme that awarded high-level executives with lavish perks and compensation while intentionally concealing the benefits from the taxing authorities to avoid paying taxes," said Bragg.
"Today's verdict holds these Trump companies accountable for their long-running criminal scheme," he added.
D.Cunningha--AMWN