Business
Trump Organization convicted in New York criminal tax fraud case
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The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021.
Shannon Stapleton | Reuters
Two subsidiaries of the Trump Organization were convicted Tuesday of multiple crimes, including tax fraud, falsifying business records and conspiracy by a jury in New York City.
The convictions come weeks after the company’s owner, former President Donald Trump, declared his candidacy for the White House in the 2024 election.
Trump was not personally a defendant in the case, which related to a scheme by his company to avoid taxes on compensation to its then-chief financial officer Allen Weisselberg and other executives since 2005.
A jury in Manhattan Supreme Court began deliberations in the case this week after a trial that featured testimony by Weisselberg, who earlier pleaded guilty.
The Trump Organization faces fines of up to $1.6 million at sentencing in the case.
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