Crypto News

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

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
Share
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

Published by
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.

Recent Posts

  • Crypto News

Breaking: Rep. Max Miller Unveils Crypto Tax Bill, Includes De Minimis Rules for Stablecoins

Rep. Max Miller is circulating a 14-page draft of a proposed crypto tax bill in…

December 20, 2025
  • Crypto News

XRP Holders Eye ‘Institutional Grade Yield’ as Ripple Engineer Details Upcoming XRPL Lending Protocol

Ripple engineer Edward Hennis has provided key details about the upcoming XRP Ledger (XRPL) lending…

December 20, 2025
  • Crypto News

Michael Saylor Sparks Debate Over Bitcoin’s Quantum Risk as Bitcoiners Dismiss It as ‘FUD’

Strategy co-founder Michael Saylor earlier this week commented on the risk of quantum computing to…

December 20, 2025
  • Crypto News

Ethereum Faces Selling Pressure as BitMEX Co-Founder Rotates $2M Into DeFi Tokens

Ethereum is under new sell pressure after a high-profile crypto trader sold his ETH assets…

December 20, 2025
  • Gambling

Best Crypto Casinos in Germany 2025

If you’re a German gambler tired of strict limits and slow payouts at locally licensed…

December 20, 2025
  • Crypto News

Tom Lee’s Fundstrat Warns Clients Bitcoin Could Fall to $60,000 Despite His ATH Public Forecast

Top asset manager Fundstrat has advised its private clients to expect a pullback in Bitcoin…

December 20, 2025