Former US President Donald Trump’s Company Found Guilty of Tax Fraud

The Manhattan court found several charges against The Trump Organization, including tax evasion, to be true.
By Gaurav Singh
Updated October 8, 2024
the SEC

Donald Trump’s company has been found guilty of several crimes, including tax fraud. In a trial that lasted nearly a month, the jury found Trump’s company guilty on 17 counts. The Manhattan court found several charges against The Trump Organization, including tax evasion, to be true.

The court said in its judgment that the company has helped many officials to evade tax on luxury apartments, Mercedes Benz and extra cash for Christmas. The jury also found Trump’s company guilty of business fraud. For which a penalty of Rs 13 thousand crore has been imposed on him.

Also Read : Elon Musk Will Support Donald Trump’s Rival Ron DeSantis In 2024 Presidential Elections

Manhattan’s attorney speaks to the media after pleading guilty to The Trump Organization on all 17 counts. In which he said, this case was about lying, cheating and helping many people and companies to evade tax. At the same time, criticizing this judgement, a statement has also been issued by Trump’s company.

The company said in its defence that the employee did all this work for his personal benefit, in such a situation it is absurd to blame the company itself.

Advertisement
Gaurav Singh
Gaurav Singh works as video Producer for Coingape, covering Crypto and other Crypto related issues. He has done his Engineering From AKTU. His areas of interest include crypto, finance and policy. Find him on X: @Kumar643Singh
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.