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You are here News Politics Verdict reached in Trump Organization's criminal tax fraud trial

Verdict reached in Trump Organization's criminal tax fraud trial

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Trump Org. guilty on all counts

A Manhattan jury has reached a verdict in the criminal tax fraud trial of President Donald Trump's namesake real estate company.

Two entities of the Trump Organization -- the Trump Corporation and the Trump Payroll Corporation -- are accused of paying the personal expenses of some executives without reporting them as income, and for compensating them as independent contractors instead of full-time employees. Each entity was charged with scheme to defraud, conspiracy, criminal tax fraud and falsifying business records.

Prosecutors believed the Trump Organization was culpable because the conduct of CFO Allen Weisselberg benefitted the company and because his position as CFO meant he was entrusted to act on the company's behalf.

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