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Trump Organization Found Guilty Of Financial Fraud; Here’s Why 

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Trump Organization Guilty on all charges

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A Manhattan jury found the Trump Organization guilty on 17 charges, including a fraud scheme, a conspiracy, a criminal tax fraud, and fabricating financial documents.

In a 15-year tax fraud conspiracy that prosecutors claimed was masterminded by top executives of the business, the Trump Organization, owned by the former U.S. president, was found guilty of all charges by a jury on Tuesday.

The Trump Organization owns hotels, golf courses, and other properties all around the world. The punishment for the conviction will be a fine, but the amount has not yet been determined (it will be on January 13).

Trump Organization Guilty on all charges:

Trump Organization Guilty on all charges
Trump Organization Guilty on all charges

The company had previously declared itself innocent.

In the legal proceeding, the company was accused of paying bonuses to its directors as though they were independent professionals hired on a contract basis and of recording some of its directors’ personal expenses as business expenses.

The jury was informed by the prosecutor, Joshua Steinglass, that the benefits package was “intended to keep its top executives happy and loyal.”

Letitia James, the attorney general of New York State, has filed a separate fraud case against the Trump Organization.

The US Department of Justice is looking into Trump personally for handling secret government records after he resigned in January 2021 and attempted to rig the election in November 2020, which he lost to Democrat Joe Biden.

As part of a court bargain with prosecutors, Allen Weisselberg, a 75-year-old former finance director for the Trump Organization, served as the government’s primary witness. Your maximum penalty will be 5 months in prison, he said as he signed an agreement.

Weisselberg, according to the Trump Organization, carried out the scam only for personal gain. He testified that he collected more than US$ 1 million in salary and bonus payments this year while on paid leave from the company.

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