After a lengthy trial that lasted over two months, a Manhattan jury has found the Trump Organization guilty of all 17 counts of criminal tax fraud and falsifying business records. The verdict marks a significant victory for prosecutors who had alleged that the company engaged in a 15-year scheme to evade taxes on compensation for top executives.
The charges stemmed from a long-running investigation into Trump’s financial dealings. Prosecutors alleged that the Trump Organization had systematically underreported the value of assets. And inflated expenses to reduce its tax liability. The company was also accused of paying executives through off-the-book means to avoid paying taxes on their compensation.
During the trial, prosecutors presented a mountain of evidence, including emails, financial records, and testimony from former Trump Organization employees. They argued that the company’s conduct was intentional and that former President Donald Trump was personally aware of the fraudulent scheme.
Defense attorneys for the Trump Organization denied the allegations. Arguing that the company’s accounting practices were legitimate and that there was no intent to defraud. They also claimed that prosecutors had failed to prove their case beyond a reasonable doubt.
The jury, however, sided with the prosecution, finding the Trump Organization guilty on all counts. The verdict is a major blow to Trump, who has repeatedly denied any wrongdoing. He faces a maximum penalty of $1.6 million in fines.
The verdict is also a significant legal victory for New York Attorney General Letitia James. Who sued the Trump Organization in 2019. James called the verdict a “major victory for justice” and said that it “sends a clear message that no one is above the law.”
The Trump Organization has vowed to appeal the verdict. It remains to be seen what impact this trial will have on Trump’s future political career. However, it is clear that the verdict will cast a long shadow over his legacy.