The longtime chief financial officer for the Trump Organization, Allen Weisselberg, pleaded guilty to tax fraud and testified for the prosecution.
The jurors delivered the verdict on the second day of deliberations, following a trial in which the Trump Organization was accused of a scheme by top executives to avoid paying personal income taxes on job perks.
Weisselberg admitted to concealing payments the Trump Organization made on his luxury apartment, car and other personal expenses in an effort to reduce his own taxes. According to Reuters, Weisselberg testified that he and other executives received bonus payments as if they were independent contractors.
At left, former President Donald Trump arrives to speak at the Mar-a-Lago Club in Palm Beach, Florida, on November 15. At right, former Trump Organization CFO Allen Weisselberg leaves the courtroom for a lunch recess during a trial at the New York Supreme Court on November 17 in New York City. Weisselberg may have been the key for prosecutors in securing a victory against the Trump Organization for tax fraud.
Trump and his family members were not charged in the case; however, prosecutors alleged Trump"knew exactly what was going on," according to the AP. Trump himself and his lawyers have denied that.,"This is an embarrassment for the company and a $1.6 million fine, but I don't see any lasting repercussions from this unless the IRS opens a criminal investigation and files charges.
"The IRS has jurisdiction and can make things much more difficult for the former president and his company," Aronberg added.
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