Breaking news: Former president Donald Trump’s namesake company was convicted of tax crimes committed by two of its longtime executives after a Manhattan trial that gave jurors a peek at some of the inner workings of the Trump Organization’s finances.
The company was charged with scheme to defraud, conspiracy, criminal tax fraud and falsifying business records.Allen Weisselberg
McConney, who admitted in his testimony to committing crimes, was granted immunity under New York law because he was called by prosecutors as a grand jury witness in the case.In his testimony, Weisselberg detailed how he and the company’s comptroller, Jeffrey McConney, schemed to cheat state and federal tax authorities over a 15-year period beginning in 2005.
Prosecutors argued the conduct of Weisselberg and McConney made the company criminally liable. Two Trump Organization entities — the Trump Corporation and the Trump Payroll Corp. — were on trial. Both were found guilty on all charges.Lawyers for the entities argued that Weisselberg had no intent to help the company — only himself — and that prosecutors did not successfully prove there was corporate liability.
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