Key facts
- The Trump Organization was convicted of tax fraud and other charges by a New York jury.
- The conviction stems from a criminal investigation into the company's financial practices.
- The company faces potential fines and a criminal record.
- This verdict represents a significant legal setback for President Donald Trump's business.
A New York jury has found the Trump Organization guilty of tax fraud and other charges, concluding a criminal investigation into the company's financial practices. The verdict, reached after deliberations, marks a significant legal setback for President Donald Trump's business.
The company was convicted on all 17 counts it faced, including charges of grand larceny, falsifying business records, and tax fraud. Prosecutors argued that the Trump Organization engaged in a 15-year scheme to defraud tax authorities by compensating top executives with lavish perks, such as rent-free apartments and luxury cars, which were not reported as income.