Trump Organization Convicted On All 17 Felony Counts, A Clean Sweep The President Credits Entirely To His Own Chief Financial Officer
NEW YORK. A Manhattan jury on Tuesday handed the Trump Organization a flawless result, convicting two of the former president's companies on all 17 felony counts of criminal tax fraud, conspiracy, scheme to defraud, and falsifying business records, a complete conversion of charges to convictions that the family business secured after roughly ten hours of deliberation. The verdict marked the first time a company carrying the Trump name in gold letters had been found criminally guilty of anything, a milestone the organization reached without the assistance of a single acquittal.
The case concerned a 15-year arrangement under which senior executives collected a portion of their compensation in off-the-books perks, including rent on luxury Manhattan apartments, leased Mercedes-Benz automobiles, and private-school tuition, all kept off official payroll records in a fashion prosecutors called fraud and the company called an internal matter. Allen Weisselberg, the chief financial officer who had served the company for roughly five decades, had pleaded guilty to 15 felonies in August and testified for the prosecution, describing an accounting practice that the jury declined to find charming.
Trump, who was not personally charged, received news that his company had been convicted of every count it faced with the composure of a man identifying a victory. In a statement he pronounced himself "Disappointed with the verdict in Manhattan, but will appeal," and described the prosecution as "a continuation of the Greatest Political Witch Hunt in the History of our Country," adding that "New York City is a hard place to be 'Trump,' as businesses and people flee our once Great City!"
The former president further clarified where responsibility properly lay. "This case was about Allen Weisselberg committing tax fraud on his personal tax returns," Trump explained, advancing the position that the corporation bearing his name had been quietly victimized by its own longtime chief financial officer. The company elaborated that it was "simply preposterous" to suggest a business "could be held responsible for an employees' actions," a legal theory the jury had spent ten hours considering and rejecting.
For the convictions, prosecutors secured the maximum allowable penalty of $1.6 million, a figure roughly equal to a year of the perks the scheme had concealed, payable once. A source familiar with the company's bookkeeping said the penalty would be processed promptly, just as soon as someone located the correct ledger to leave it off of.
At press time, the Trump Organization had filed the $1.6 million penalty under miscellaneous and reassigned the loss to an executive who no longer worked there.