If the Trump Organization is found guilty of tax fraud, it will have to pay monetary damages, but a conviction could have more damaging effects on the business of the former president.
Executives in a way that avoided higher taxes will be the subject of a trial.
The Trump Organization is on trial after being indicted on charges of criminal tax fraud, scheme to defraud, conspiracy and faking business records, with Manhattan prosecutors accusing the company of paying executives off the books in order to cheat tax authorities.
No other Trump Organization executives, including Trump or his family members, have been implicated in the criminal case.
CNN reports that if the Trump Organization is found guilty, it will only have to pay a maximum of $1.6 million in fines.
There would be no further consequences to the Trump Organization if the person was convicted.
According to legal experts cited by NBC News, the trial could make it less likely that the Trump Organization will be willing to work with them.
According to legal experts cited by Insider, a conviction could cause the federal government to stop doing business with the Trump Organization if they are found guilty of a crime.
Is it certain that a company that has been convicted of a crime will not be allowed to borrow money? Daniel Horwitz is a former prosecutor at the Manhattan district attorney's office. If the Trump Organization is found guilty of cheating the government of millions of dollars in taxes, is it a good thing? It's not good.
Attorneys in the case are trying to weed out potential jurors who have a strong political bias against Trump as jury selection in the case is expected to last for two weeks. The trial will take five to six weeks and will include testimony from Weisselberg on the alleged tax fraud scheme.
According to the New York Law Journal, attorneys for the company at trial will argue that there is no evidence to show that the company did anything wrong. Michael van der Veen told the Journal that corporate entities are not responsible for things employees do behind their backs. There was no benefit from the crimes tax.
The Trump Organization and Weisselberg were indicted in July 2021. The investigation didn't result in any other charges. According to the indictment, the Trump Organization paid for Weisselberg's New York apartment, private school tuition for his family members, and Mercedes Benz vehicles for him and his wife, among other ways of indirect compensation. If he had been found guilty at trial, Weisselberg would have been sentenced to 15 years in prison. The company and the Manhattan district attorney's office discussed a possible plea deal a few weeks ago, but it didn't work out.
Outside of this trial, what other punishments could Trump and his company face? The Trump Organization, Trump, his children and other business associates have been sued by the New York Attorney General. If they lose in court, Trump and his children could be barred from leading New York businesses and the Trump Organization could lose its New York business license. James said her office has found evidence that Trump and his business violated criminal laws, including federal ones, and has referred it to the Justice Department and IRS. It is1-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-6556 The former president is facing multiple investigations from the Justice Department over him bringing White House documents back to Mar-A-Lago and his attempts to overturn the 2020 election.
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