US Courts Just Ruled Against Donald Trump Org. In Tax Fraud Case

Maybe not as important but certainly embarrassing are the financial details also revealed in the trial, showing that from 2009 to 2010 Trump reported losses totaling nearly $1B, as well as losses each year up to 2018. Not quite what the Art of the Deal author would want being public knowledge, especially as during this time he was praising his own business know-how on reality TV and while running for president.

Response From Trump And Plans To Fight Back

The former president has said that he is "disappointed with the verdict in Manhattan," calling the case "a continuation of the Greatest Political Witch Hunt in the History of our Country."

"New York City is a hard place to be 'Trump,' as businesses and people flee our once Great City!" he added. However, this may not be the last we hear on this case (does Donald Trump ever go down quietly?!) as a spokesperson for the Trump Organization stated: "Mr. Weisselberg testified under oath that he 'betrayed' the trust the company had placed in him and that he, at all times, acted 'solely' for his 'own personal gain' and out of his 'own personal greed'. The notion that a company could be held responsible for an employee's actions, to benefit themselves, on their own personal tax returns is simply preposterous."

An attorney for the Trump Organization, Susan Necheles, has announced that they will appeal the decision. "This case was all about Allen Weisselberg committing tax fraud on his personal tax returns. Every witness repeatedly testified that President Trump and the Trump family knew nothing about Allen Weisselberg's actions," she said.

"Why would a corporation whose owner knew nothing about Weisselberg's personal tax returns be criminally prosecuted for Allen Weisselberg's personal conduct, for which they had no visibility or oversight? This case was unprecedented and legally incorrect."

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Necheles had already told the jury during the trial: "The prosecution's case rests on one thing: trying to convince you, the jurors, that Mr. Weisselberg's actions were done on behalf of the company. They were not. They were done solely to benefit himself. And that is the critical issue in this case." However the simple fact that the company had benefitted from these actions may make it difficult to appeal, especially when coupled with evidence such as signed checks and memos by Trump himself in relation to the expenses, even though the former president has denied any wrongdoing.

Possibly the most damning evidence is that the company went through a cleaning process to remove all signs of any fraud as soon as Trump was elected president. "We were going through an entire cleanup process of the company to make sure that since Mr. Trump is now president that everything was being done properly," Weisselberg testified. It looks like an uphill battle to reverse this decision in court, but you know the Trump Organization won’t go down without a fight!

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