USA: Trump company found guilty of tax fraud

Former US President Donald Trump's real estate company has been found guilty of tax fraud in a lawsuit in New York.

USA: Trump company found guilty of tax fraud

Former US President Donald Trump's real estate company has been found guilty of tax fraud in a lawsuit in New York. After about two days of deliberations, a jury found the company guilty on all 17 counts, according to Manhattan Attorney Alvin Bragg. The sentence is to be announced on January 13, 2023. Ex-President Trump was not personally accused.

In addition to the Trump Organization and another co-defendant Trump company, the company's longtime CFO Allen Weisselberg, who had pleaded guilty, was charged. In his testimony, he admitted that he and other employees had systematically cheated the tax authorities for years. Benefits such as luxury cars and expensive apartments were not taxed.

The 75-year-old escaped a possible prison sentence of up to 15 years. Instead, he had to pay a total of almost two million US dollars in taxes and fines due and received five months in prison and five additional years of probation.

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