Trump’s company convicted of scheme to defraud tax authorities – By Luc Cohen and Karen Freifeld (Reuters) / Dec 6, 2022
NEW YORK (Reuters) – Donald Trump’s real estate company was convicted on Tuesday of carrying out a more-than 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former U.S. president as he campaigns for the office again in 2024.
The Trump Organization – which operates hotels, golf courses, and other real estate around the world – faces fines over the conviction. The exact amount will be determined by the judge overseeing the trial in New York State court at a later date.
The company pleaded not guilty. Trump himself was not charged in the case.
While the fine is not expected to be material for a company of the Trump Organization’s size, the conviction by a jury could complicate its ability to do business by spooking lenders and partners.
