A Manhattan jury has found the Trump Corp. and Trump Payroll Corp. guilty on multiple charges of criminal tax fraud and falsifying business records connected to a 15-year scheme to defraud tax authorities. They failed to report and pay taxes on compensation for top executives. “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,was testified.” Donald Trump and his family were not charged in this case. It will be sentenced in mid-January and Trump Organization could face a maximum of $1.61 million in fines.
There is no mechanism under New York law that would dissolve the company. Trump himself is under scrutiny by federal and state prosecutors for his handling of classified documents, the effort to overturn the 2020 election results, and the accuracy of the Trump Organization’s business records and financial statements. Trump Org. attorney Susan Necheles pledged to appeal, laying all the blame for any wrongdoing.
