Trump Organization convicted in executive tax dodge scheme

Donald Trump, chairman and CEO of the Trump Organization, poses with his children, from left, Eric, Donald Jr. and Ivanka, at the opening of the Trump SoHo New York on April 9, 2010. Donald Trump's company has been convicted of tax fraud on Tuesday, Dec. 6, 2022, 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/Mark Lennihan, File)

Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president’s business.

A jury found two corporate entities at the Trump Organization guilty on all 17 counts, including conspiracy charges and falsifying business records.

The verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars.