Main prosecutor witness Allen Weisselberg never once implicated former President Donald Trump or the Trump family: “It was my own personal greed that led to this.”
The Trump Corporation and the Trump Payroll Corp., two corporate entities under the Trump Organization umbrella, were found guilty on all 17 charges in a tax evasion trial in New York.
The company faces a $1.6 million fine.
The Manhattan District Attorney’s office alleged that the organization was “complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars.”
The prosecution relied on Allen Weisselberg, the organization’s former CFO. He “pleaded guilty to charges that he manipulated the company’s books and his own compensation package to illegally reduce his taxes.”
Weisselberg never once implicated former President Donald Trump or the Trump family: “It was my own personal greed that led to this.”
From The New York Times:
A company, of course, cannot be imprisoned, and the two convicted Trump corporations are not publicly traded. As such, there will be no run on the company if the jury convicts. It has no regulators to punish it or public investors to flee from it.
The two corporations — the Trump Corporation and the Trump Payroll Corp. — are also not central to Mr. Trump’s moneymaking enterprise.
They largely perform back-office functions, employing and paying top executives, so they do not hold any loans, liquor licenses or other privileges that might slip away in the wake of the conviction.
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