Arab Press

بالشعب و للشعب
Friday, Sep 19, 2025

Donald Trump's company found guilty of 15-year-long tax fraud

Donald Trump's company found guilty of 15-year-long tax fraud

Former President Donald Trump’s real estate company has been found guilty on all counts it faced in a tax fraud trial in New York.

Jurors in the Trump Organization’s criminal tax fraud trial came to a verdict on Tuesday afternoon. The company was convicted on all 17 counts in a more than 15-year-long scheme to defraud tax officials.

Prosecutors accused the company of paying executives bonuses as if they were independent contractors. The Trump Organization paid personal expenses like rent and car leases for executives including chief financial officer Allen Weisselberg, without reporting to tax authorities, prosecutors said.

‘The smorgasbord of benefits is designed to keep its top executives happy and loyal,’ prosecutor Joshua Steinglass said during closing arguments on Friday.


The jury foreperson rises to read the guilty verdict in front of Judge Juan Merchan in the Trump Organization’s criminal tax trial in Manhattan Criminal Court

The Manhattan district attorney’s office previously drew a guilty plea from Weisselberg. Weisselberg, who is on paid leave from the Trump Organization, testified for the prosecution but did not implicate Trump.

After the verdict, the Trump Organization blamed Weisselberg, saying he ‘testified under oath that he “betrayed” the trust the company had placed in him’.

‘The notion that a company could be held responsible for an employee’s actions, to benefit themselves, on their own personal tax returns is simply preposterous,’ stated the Trump Organization.

Weisselberg’s lawyer, Nicholas Gravante Jr, stated that the verdict does not impact his client’s legal situation.
A jury found the Trump Organization guilty on all counts and convicted the organization of conspiracy, criminal tax fraud, falsifying business records, and filing false tax returns in a scheme to defraud the state


‘His only obligation relating to the trial was that he testify truthfully, and clearly he did,’ Gravante said.

Trump’s company faces fines for the conviction. The amount will be determined at a later date. The fine amount is not expected to be very significant given the size of the company, but could impact its business with partners and lenders.

The Trump Organization had pleaded not guilty in the case. The ex-president himself was not charged. A judge set the sentencing date for January 13.

A defense lawyer for the Trump Organization, Alan Futerfas, said the company will appeal the decision.

The Trump Organization owns and operates hotels, golf courses and other real estate properties worldwide. The company is subject to a separate fraud lawsuit led by New York state Attorney General Letitia James.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
×