During the trial on Monday, the Trump Organization was found guilty of tax fraud, with the Manhattan DA, Alvin Bragg, saying that they passed off holiday bonuses as consulting fees.
After being accused with felony tax fraud and fabricating corporate documents, the Trump Organization and the Trump Payroll Corp. were found guilty of tax fraud by a Manhattan jury. In the case, Trump was not indicted.
The real estate firm owned by the former president was charged with plotting to deceive tax authorities by paying executives' personal expenses without disclosing the revenue and rewarding executives as though they were independent contractors.
The Trump Organization entered a not guilty plea and claimed that Allen Weisselberg, its former CFO, worked alone to execute the scheme for his own gain.
An estimated $1.6 million will be paid as a financial penalty.
Justice Juan Merchan told them before the Monday deliberations started that companies are only liable for crimina...
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