There is a judge in New York. And he hurts. On the Trump Organization, the holding company of former US president (and Big Apple tycoon) Donald Trump, has struck the ax of American justice. The verdict, just pronounced, recognizes two companies that are part of it guilty of all charges brought in the trial held at the Court of New York. A jury established it later two days of council chambers.
The Trump Organization was accused of criminal tax fraud And forgery of corporate documents for having paid some of its managers without declaring it to the tax authorities. Trump Corp. and Trump Payroll Corp., as CNN writes, are connected to one 15-year scheme to defraud the tax authoritiesby failing to report and pay taxes on top executive compensation.
The tycoon and his children were not in the dock. However, this is a verdict that will certainly have serious effects on the image of Joe Biden’s predecessor in the White House, officially re-nominated in the 2024 elections. In addition to complicating his run towards the Oval Office, in fact, today’s sentence will weigh, and not a little, on the company’s relations with banks and lending institutions.
