(RepublicanNews.org) – In July 2021, prosecutors in Manhattan charged the Trump Organization and the company’s chief financial officer (CFO), Allen Weisselberg, for conducting a tax fraud scheme. Authorities accused the defendants of using fringe benefits for the purpose of avoiding taxes.
On December 6, the court found the Trump Organization guilty on all 17 charges lodged in the case. The indictment included not only tax fraud but also conspiracy and falsifying records. Both parties initially pleaded not guilty. It only took two days of deliberation for the jury to reach a verdict.
The longtime chief financial officer for the Trump Organization, Allen Weisselberg, pleaded guilty to tax fraud and testified for the prosecution. https://t.co/djSHF8PFop
— Newsweek (@Newsweek) December 6, 2022
Weisselberg admitted on the stand that his own “personal greed” led to the charges against himself and the Trump Organization. The CFO said he received $1.7 million in “off the books” perks to cheat the government out of tax money. The scheme had been ongoing for 15 years.
The defense argued the antics were all Weisselberg’s fault, and the organization had no knowledge of the executive’s illegal deeds. However, the CFO also stated two of former President Donald Trump’s sons found out about the scam years ago and did nothing but give him a huge raise. The court decided the company knew about the fraud and implicated it on all counts. The guilty party could have to pay up to $1.6 million in fines. Sentencing is set for January 2023.
Trump intends to appeal the verdict.
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