Trump Organization, former president Donald Trump’s namesake company, is set to go on trial Monday for alleged tax crimes related to fraud and other potentially illegal business practices.
Trump is not charged personally and the portion of the investigation for which he still could face criminal charges is not yet concluded by Manhattan District Attorney Alvin Bragg’s investigators.
Prosecutors allege a 15-year tax fraud scheme as the Trump Organization and CFO Allen Weisselberg are arraigned on multiple criminal charges Weisselberg, who had been slated to stand trial alongside the corporate entity, was promised a sentence of five months in jail if he testifies against the company. He had been facing up to 15 years in prison.The company is alleged, under Weisselberg’s supervision, to have maintained two sets of books in an effort to conceal the perks that he and others received as compensation. He personally avoided paying $900,000 in taxes based on underreporting of compensation.
That battle was resolved at the Supreme Court, which established that Trump, as sitting president, did not have immunity in state court matters. If convicted, the Trump Organization and its subsidiary Trump Payroll Corp. could be hit with a combined $1.6 million in fines by New York Supreme Court Justice Juan Merchan, who is presiding over the case. No individual can be sent to prison as a result of a corporate conviction.
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