Former President Donald Trump's family real estate firm was convicted Tuesday of tax evasion and other financial crimes in what prosecutors called a "culture of fraud and deception" at the Trump Organization.
After more than a day of jury deliberation in State Supreme Court in Manhattan, the Trump Organization was found guilty on all 17 counts, including tax fraud, a scheme to defraud, conspiracy and falsifying business records, The New York Times reported. Follow benzinga
The conviction stemmed from a long-running scheme in which the Trump Organization gave out off-the-books luxury perks to some executives.
Executives at the Trump Organization provided luxurious apartments, rented Mercedes-Benz cars and paid for private school tuition for family, none of which was taxed, according to the report.
Trump and his children are not accused in the case, but the former president's real estate company may face fines of up to $1.6 million.
Trump has blamed the trial on a politically driven...
Tags, Events, and Projects