{"id":164391,"date":"2022-12-06T17:21:34","date_gmt":"2022-12-06T21:21:34","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=164391"},"modified":"2022-12-06T17:21:34","modified_gmt":"2022-12-06T21:21:34","slug":"trump-organization-found-guilty-of-scheme-to-defraud-tax-authorities","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/trump-organization-found-guilty-of-scheme-to-defraud-tax-authorities\/","title":{"rendered":"Trump Organization found Guilty of Scheme to Defraud Tax Authorities"},"content":{"rendered":"
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Donald Trump\u2019s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president\u2019s business.<\/p>

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The guilty verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars.<\/p>\n

The conviction is a validation for New York prosecutors, who have spent three years investigating the former president and his businesses, though the penalties aren\u2019t expected to be severe enough to jeopardize the future of Trump\u2019s company.<\/p>

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As punishment, the Trump Organization could be fined up to $1.6 million US \u2014 a relatively small amount for a company of its size, though the conviction might make some of its future deals more complicated.<\/p>

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Trump, who recently announced he was running for president again, has said the case against his company was part of a politically motivated \u201cwitch hunt\u201d waged against him by vindictive Democrats.<\/p>\n

SOURCE: The Associated Press<\/p>

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Donald Trump\u2019s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president\u2019s business. 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