Trump Organization Guilty Of Tax Evasion

FILE - Former President Donald Trump departs Trump Tower, Wednesday, Aug. 10, 2022, in New York, on his way to the New York attorney general's office for a deposition in a civil investigation. Donald Trump's company on Tuesday, Dec. 6, 2022, has been convicted of tax fraud for a scheme by top executives to avoid paying personal income taxes on perks such as apartments and luxury cars. As punishment, the Trump Organization could be fined up to $1.6 million. (AP Photo/Julia Nikhinson, File)

The family real estate firm of former US President Donald Trump has been found guilty of tax evasion.

After two days of jury deliberation in New York, the Trump Organization was convicted on all counts on Tuesday.

The company is linked with the former president, yet neither he nor his family members were directly prosecuted.

Mr Trump said he was “disappointed” with the judgment and called the investigation a “witch hunt.”

For more than a decade, the business was convicted of rewarding its senior executives with off-the-books benefits.

Prosecutors claimed that untaxed incentives included expensive automobiles and private school tuition, which compensated for lower wages and so lowered the amount of tax the company was forced to pay.

The corporation is anticipated to pay a punishment of roughly $1.6 million (£1.3 million) and may have problems obtaining loans and funding in the future.

Mr. Trump earlier called the trial politically motivated. He also went after his long-serving former chief financial officer Allen Weisselberg after he pled guilty and testified against the company in August.

In his most recent comments, he questioned why the Trump Organization should be penalized for Mr Weisselberg’s “personal behavior,” accusing him of “committing tax fraud on his own tax returns.”