Donald Trump's family business, the Trump Organization, was found guilty on Tuesday of financial and tax fraud after a trial in New York where the former Republican president was not on trial, Manhattan prosecutor Alvin said. Bragg.
The sentence is expected to be pronounced on January 13, 2023, and the lawyers have announced their intention to appeal.
BREAKING: For the first time in our lifetime, a jury has convicted a former President's company of criminal charges.
The Trump Corporation & Trump Payroll Corp.
are guilty of engaging in a 13-yr scheme to defraud & falsify business records.
Read more here: https://t.co/EgPvw769tg
— Alvin Bragg (@ManhattanDA) December 6, 2022
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The jury, which retired Monday to deliberate after more than a month of hearings, "found the Trump Corporation and the Trump Payroll Corporation guilty on all counts," Bragg said on his Twitter account.
The two companies were tried for tax evasion and falsification of accounting statements, in particular with the aim of hiding financial compensation from certain senior executives from the tax services.
The Trump Organization risks a fine of more than a million dollars, and this guilty verdict could make creditors more cautious.
" Witch hunt "
“It's a matter of greed and cheating.
In Manhattan, no company is above the law, "said prosecutor Bragg in a press release, specifying that this was the first time that a Donald Trump company had been convicted in criminal proceedings. .
The billionaire is now officially in the running to be the Republican presidential candidate of 2024.
“For 13 years, the Trump Corporation and the Trump Payroll Corporation have evaded the law by awarding high-level executives lavish benefits and compensation, while intentionally concealing these benefits from tax authorities to avoid paying taxes,” he added.
In this case, the former financial director of the family group, Allen Weisselberg, reached an agreement with justice in August and pleaded guilty to 15 counts of fraud and tax evasion relating to 1.76 million dollars of undeclared income between 2005 and 2021. This relative of the Trump family testified during the trial of the company, a group which notably manages hotels, golf courses and real estate investments.
At the start of the trial, Donald Trump denounced a "witch hunt" by the Democrats against him.