Donald Trump’s family business has been convicted of conducting a 13-year tax fraud scheme.
A jury in New York found the Trump Organization guilty of evading personal income taxes by paying executives off the books and not declaring job perks such as rent-free apartments and luxury cars.
Trump was not personally charged – although prosecutors showed evidence that he was complicit – and the fine of up to $1.6m is unlikely to have a major impact. However, the verdict could complicate future business dealings.
Manhattan district attorney Alvin Bragg said: “This was a case about greed and cheating. In Manhattan, no corporation is above the law.”
Trump has denounced the investigation as a “witch hunt”.
A separate civil investigation into alleged valuation fraud will go to trial in October next year.
