The Trump Organization has been found guilty of involvement in a criminal tax fraud scheme in New York.
The conviction on all 17 counts resulted, after more than a day of jury deliberation in Manhattan state supreme court, from a long-running scheme in which the Trump Organization doled out casual luxury perks to some executives: apartments, rental Mercedes-Benz cars, even royalties. Private schools for relatives, for which they have not paid any taxes.
A conviction for tax fraud, conspiracy to fraud scheme and falsification of business records hardly constitutes a death sentence for the Trump Organization. The maximum penalty he faces is $1.62 million, a rough miss for Mr. Trump, who has typically generated hundreds of millions of dollars in revenue during his presidency.
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Trump and his prized brand name are now and forever linked to the crime. Trump and his business will be associated with fraud and fraud. It’s a big win for Manhattan DA. It wouldn’t mean the end of Trump’s business, but it did open the door to a potentially larger criminal investigation into the former president and his adult children.
This is a very bad day for Trump and his organization.
Jason is the Managing Editor. He is also the White House press reporter and congressional correspondent for PoliticusUSA. Jason holds a Bachelor’s degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and professional memberships
Member of the Society of Professional Journalists and the American Political Science Association