Two Agency companies found guilty in a Manhattan court of tax fraud and withholding information for fifteen years. Trump.

JUST IN: Trump family business found guilty on all counts of tax fraud in New York trial https://t.co/30St70feND

— CNN International (@cnni) December 6, 2022

Specifically, Trump Corp. and Trump Payroll Corp The organizations of the former US president have proven in court that they withheld information and did not report taxes on the income of their top managers. However, Donald Trump and his family have not been charged in this particular case, which is unrelated to others under investigation.

Allen Weiselberg, a senior Agency official, has confessed to hiding payrolls, as well as other benefits such as Manhattan apartments and luxury cars, by providing falsified tax information. According to him, this practice stopped when Donald Trump was elected president of the United States.

Weiselberg even admitted to hiding $1.76 million in income from the IRS and took aim at Trump himself, saying he signed checks for Christmas bonuses and personally paid hundreds of thousands of dollars to private school tuition for his grandchildren. He also said that his two sons Trump – who took over the company in 2017 after his presidency Trump He got a pay raise after they found out about his tax evasion.

“The benefit system is designed to keep senior leaders happy and loyal,” the prosecutor said during Friday’s sentencing.

Trump, for his part, wrote on the Truth Social platform on Nov. 19 that his family did not benefit financially from the actions of specific leaders.

The agency faces a fine of up to $1.6 million, the exact amount of which will be determined by the judiciary on January 13. Although the fine is not significant for a company of this size, it can still be a blow to its business if the trust of partners and creditors is undermined.

Lawyers for the Trump Organization denied the allegations and signaled they would appeal.

(According to CNN, REUTERS)