The Trump Organization has been found guilty of engaging in a criminal tax fraud scheme in New York.
The conviction on all 17 counts, after more than a day of jury deliberations in State Supreme Court in Manhattan, resulted from a long-running scheme in which the Trump Organization doled out off-the-books luxury perks to some executives: They received fancy apartments, leased Mercedes-Benzes, even private school tuition for relatives, none of which they paid taxes on.
The conviction on charges of tax fraud, a scheme to defraud, conspiracy, and falsifying business records is hardly a death sentence for the Trump Organization. The maximum penalty it faces is $1.62 million, a rounding error for Mr. Trump, who typically notched hundreds of millions of dollars in revenue during his presidency.
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Trump and his precious brand name are now and forever linked to crime. Trump and his business will be associated with fraud and cheating. It is a big win for the Manhattan DA. It won’t mean the end of Trump’s business, but it does open the door to a potentially larger criminal probe of the former president and his adult kids.
This is a very bad day for Trump and his organization.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association