Former US president Donald Trump’s legal woes continue to mount as a jury finds the Trump Organisation guilty of tax fraud, with a fine to be determined.
Trump Organisation convicted of tax fraud
Donald Trump’s real estate company has been convicted of carrying out a more-than 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former US president as he campaigns for the office again in 2024.
The Trump Organisation – which operates hotels, golf courses, and other real estate around the world – faces fines over Tuesday’s 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 Organisation’s size, the conviction by a jury could complicate its ability to do business by spooking lenders and partners.