{"id":7563,"date":"2022-12-07T17:32:42","date_gmt":"2022-12-07T17:32:42","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=7563"},"modified":"2022-12-07T17:32:47","modified_gmt":"2022-12-07T17:32:47","slug":"trump-organization-found-guilty-of-tax-crimes-after-new-york-trial","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/trump-organization-found-guilty-of-tax-crimes-after-new-york-trial\/","title":{"rendered":"Trump Organization found guilty of tax crimes after New York trial"},"content":{"rendered":"\n

Former US President Donald Trump’s family real estate company has been found guilty of tax crimes.<\/strong><\/p>\n\n\n\n

The Trump Organization was convicted on all counts on Tuesday after two days of jury deliberations in New York. The business is synonymous with the former president, but neither Mr Trump nor his family members were personally on trial.<\/p>\n\n\n\n

Vowing to appeal against the verdict, Mr Trump said he was “disappointed” and again called the case a “witch hunt”. The company was convicted of enriching its top executives with off-the books benefits for more than a decade.<\/p>\n\n\n\n

Untaxed perks included luxury cars and private school fees, prosecutors said, which made up for lower salaries and therefore reduced the amount of tax the business was required to pay.<\/p>\n\n\n\n

The company is expected to face a fine of around $1.6m (\u00a31.3m) and may also face difficulty in securing loans and financing in the future. Mr Trump previously criticised the trial as being politically motivated. He also attacked his long-serving former\u00a0chief financial executive Allen Weisselberg after he pleaded guilty in August<\/a>\u00a0and testified against the business.<\/p>\n\n\n\n

In his most recent statement, attacking the verdict, the former Republican leader asked why the Trump Organization should be prosecuted for Mr Weisselberg’s “personal conduct” – accusing him of “committing tax fraud on his personal tax returns”.<\/p>\n\n\n\n

“There was RELIANCE by us on a then highly respected and expensive accounting firm, and law firm, to do this work,” Mr Trump said in the statement issued by his office. “This case is unprecedented and… is a continuation of the Greatest Political Witch Hunt in the History of our Country,” he said, adding that New York City was now a “hard place to be a Trump”.<\/p>\n\n\n\n

Prosecutors accused the Trump Organization – which operates hotels, golf courses and other properties around the world – of having a “culture of fraud and deception” during the six-week trial.<\/p>\n\n\n\n

They said it ran a scheme that allowed some executives to “understate their compensation” so that their taxes “were significantly less than the amounts that should have been paid”.<\/p>\n\n\n\n

“The smorgasbord of benefits is designed to keep its top executives happy and loyal,” prosecutor Joshua Steinglass told the jury during closing arguments. Two subsidiaries of the Trump Organization – Trump Corp and Trump Payroll Corp – were convicted on all 17 charges of tax fraud and falsifying business records.<\/p>\n\n\n\n

Manhattan District Attorney Alvin Bragg praised the verdict on Tuesday, saying the case was “about greed and cheating”.<\/p>\n\n\n\n

“For 13 years the Trump Corporation and the Trump Payroll Corporation got away with a scheme that awarded high-level executives with lavish perks and compensation while intentionally concealing the benefits from the taxing authorities,” he said.<\/p>\n\n\n\n

Mr Weisselberg, 75, testified against the company as part of a plea deal he struck with prosecutors that will mean he spends no more than five months in jail.<\/p>\n\n\n\n

He will be jailed at the notorious Rikers Island prison and must pay back more than $1.7m (\u00a31.4m) in concealed income.<\/p>\n\n\n\n

Following the verdict, the judge set a sentencing date of 13 January. Mr Trump and his three eldest children are facing a separate civil lawsuit<\/a>\u00a0which could see them banned from doing business in the state.<\/p>\n\n\n\n

New York Attorney General Letitia James, who is leading that civil case, issued a statement hailing Tuesday’s verdict as a “big victory”. “[It] shows that we will hold individuals and organisations accountable when they violate our laws to line their pockets,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former US President Donald Trump’s family real estate company has been found guilty of tax crimes. The Trump Organization was<\/p>\n","protected":false},"author":1,"featured_media":7564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[197],"tags":[],"class_list":["post-7563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/trump.jpg","jetpack-related-posts":[{"id":7513,"url":"https:\/\/prowebinhost.com\/anzu\/former-president-compaore-sentenced-to-life-in-sankara-trial\/","url_meta":{"origin":7563,"position":0},"title":"Former president Compaor\u00e9 sentenced to life in Sankara trial","author":"MOSES SSERWANGA","date":"December 4, 2022","format":false,"excerpt":"Burkinabe prosecutors sought a 30-year sentence for Compaor\u00e9 over Sankara's murder but a Ouagadougou court sentenced him to life in prison on Wednesday. Former president Blaise Compaor\u00e9 was sentenced to life in prison over Sankara murder. The verdict comes 6 months after the trial of 14 accused (including Compaor\u00e9) in\u2026","rel":"","context":"In "Africa Continental News"","block_context":{"text":"Africa Continental News","link":"https:\/\/prowebinhost.com\/anzu\/category\/africa-continental-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2720,"url":"https:\/\/prowebinhost.com\/anzu\/trump-acquitted-of-attempting-a-coup\/","url_meta":{"origin":7563,"position":1},"title":"TRUMP ACQUITTED OF ATTEMPTING A COUP","author":"UgandaUpdate","date":"February 14, 2021","format":false,"excerpt":"The US Senate has fallen short of the two-thirds majority needed to convict former President Donald Trump on a charge of incitement to insurrection over the Capitol riot on 6 January. A majority of senators - 57 to 43, including seven Republicans - voted to convict Mr Trump, 10 votes\u2026","rel":"","context":"In "Elections"","block_context":{"text":"Elections","link":"https:\/\/prowebinhost.com\/anzu\/category\/elections\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/02\/gt.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/02\/gt.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/02\/gt.jpg 1.5x"},"classes":[]},{"id":4140,"url":"https:\/\/prowebinhost.com\/anzu\/music-legend-r-kelly-convicted-of-racketeering-and-sex-trafficking-could-face-up-to-40-years-in-jail\/","url_meta":{"origin":7563,"position":2},"title":"Music legend R. Kelly convicted of racketeering and sex trafficking could face up to 40 years in jail","author":"UgandaUpdate","date":"September 28, 2021","format":false,"excerpt":"Jurors have found\u00a0R&B singer R. Kelly\u00a0guilty of racketeering, including acts of bribery and sexual exploitation of a child, along with separate charges of sex trafficking. Racketeering became a federal crime in 1970 under the\u00a0Racketeer Influenced and Corrupt Organizations\u00a0(RICO) Act, and the charge is best known as a tool to prosecute\u2026","rel":"","context":"In "Foreign International News"","block_context":{"text":"Foreign International News","link":"https:\/\/prowebinhost.com\/anzu\/category\/foreign-international-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/09\/210927-r-kelly-2019-ew-423p.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/09\/210927-r-kelly-2019-ew-423p.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/09\/210927-r-kelly-2019-ew-423p.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/09\/210927-r-kelly-2019-ew-423p.jpg 2x"},"classes":[]},{"id":14616,"url":"https:\/\/prowebinhost.com\/anzu\/ken-saro-wiwa-nigerian-activist-pardoned-by-president-30-years-after-execution\/","url_meta":{"origin":7563,"position":3},"title":"Ken Saro-Wiwa: Nigerian activist pardoned by president 30 years after execution","author":"UgandaUpdate","date":"June 14, 2025","format":false,"excerpt":"Nigeria's president has pardoned the late activist Ken Saro-Wiwa, 30 years after his execution sparked global outrage. Along with eight other campaigners, Mr Saro-Wiwa was convicted of murder, then hanged in 1995 by the then-military regime. Many believed the activists were being punished for leading protests against the operations of\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/8df0df20-4842-11f0-84b6-6bf0f66205f1.jpg.webp","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/8df0df20-4842-11f0-84b6-6bf0f66205f1.jpg.webp 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/8df0df20-4842-11f0-84b6-6bf0f66205f1.jpg.webp 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/8df0df20-4842-11f0-84b6-6bf0f66205f1.jpg.webp 2x"},"classes":[]},{"id":8685,"url":"https:\/\/prowebinhost.com\/anzu\/igg-investigating-ura-over-fraud-official-remanded-for-causing-financial-loss-of-ug-shs-9bn\/","url_meta":{"origin":7563,"position":4},"title":"IGG INVESTIGATING URA OVER FRAUD ,OFFICIAL REMANDED FOR CAUSING FINANCIAL LOSS OF UG.SHS.9BN","author":"UgandaUpdate","date":"April 7, 2023","format":false,"excerpt":"By Our Reporters The Inspector General of\u00a0 Government (IGG ) led by Ms. Beti Kamya is Investigating Uganda\u2019s tax body \u2013Uganda Revenue Authority (URA) for \u00a0alleged corruption, fraudulent transactions that are making government lose revenues in billions leading to short fall in tax revenue\u00a0 collections . 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