Two companies of the Trump Organization have been convicted of tax fraud.
This decision has come 3 weeks after the announcement of Trump’s re-entering the fray for the President’s election.
Trump Corp and Trump Payroll Corp were found guilty on all charges against them.
New York. A jury in Manhattan, New York, has convicted two real estate companies of former US President Donald Trump’s Trump Organization on multiple charges of criminal tax fraud and falsifying business records as part of a 15-year scheme to defraud authorities. Is. This decision has come 3 weeks after the announcement of Trump’s re-entering the fray for the President’s election. Trump Corp and Trump Payroll Corp were found guilty on all charges against them.
However, Trump’s family was not blamed for this. Donald Trump and his family were not charged in the case, but prosecutors named former President Trump during the trial in connection with benefits given to certain executives at company expense, including apartments, cars and personal expenses. Took it twice. The Trump Organization may have to pay a maximum fine of $1.61 million when sentenced in mid-January. Lawyers for the Trump Organization said they plan to appeal.
Trump’s company is not at risk of being dissolved because there is no mechanism under New York law to dissolve a company. However, a felony conviction may affect the ability to carry on business or obtain loans or contracts. This decision against Donald Trump’s companies has come at a time when they are already surrounded by many difficulties. In August, from his home and resort Mar-a-Lago (Mar-a-Lago), the US government recovered many confidential documents kept with him during his presidential term. Among the 300 confidential documents recovered were also papers related to the CIA, FBI and National Security Agency.
FIRST PUBLISHED : December 07, 2022, 06:50 IST
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