The Damage Report
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Trump BLOWN UP With Shattering Disaster In Court
Posted
December 7, 2022
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32,896
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December 7, 2022
32,896
1,262
179
4.38%
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4:48Now PlayingDonald Trump gets hit with the bad news for his Trump Organization company, which was found guilty of tax fraud and is now facing the consequences. John Iadarola and Jayar Jackson break it down on The Damage Report.
Read more here:
Trump’s Company Is Guilty of Tax Fraud, a Blow to the Firm and the Man
"The Trump Organization, the family real estate business that made Donald J. Trump a billionaire and propelled him from reality television to the White House, was convicted on Tuesday of tax fraud and other crimes, forever tarring the former president and the company that bears his name.
The conviction on all 17 counts, after more than a day of jury deliberations in State Supreme Court in Manhattan, stemmed from the company’s practice of doling out off-the-books perks to executives: They received luxury apartments, leased Mercedes-Benzes, extra cash at Christmas, even free cable television. They paid taxes on none of it.
The Manhattan district attorney’s office, which prosecuted the case, had previously obtained a guilty plea from the scheme’s architect, Allen H. Weisselberg, the company’s longtime chief financial officer. Mr. Weisselberg, one of Mr. Trump’s most loyal lieutenants, testified as the prosecution’s star witness but never implicated the former president."
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