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Trump Organization tax fraud convictions: Not a big deal to the business or the Donald. - Slate

Trump Organization tax fraud convictions: Not a big deal to the business or the Donald. - Slate

Trump Organization tax fraud convictions: Not a big deal to the business or the Donald. - Slate
Dec 07, 2022 1 min, 57 secs

Tuesday was another bad news day for Donald Trump, and 17 criminal convictions of Trump-owned entities on tax fraud and related charges might not have been the worst of it.

By contrast, the guilty verdict rendered Tuesday—which relates to charges that two Trump entities paid more than $1.7 million in off-the-books compensation to former Trump Organization chief financial officer Allen Weisselberg and other executives as part of a scheme to dodge federal and state income and payroll taxes—likely won’t have huge ramifications for Trump or his business empire.

Moreover, while many headlines on Tuesday proclaimed that the “Trump Organization” had been found guilty, the convictions don’t apply to the entire Trump business empire.

The Manhattan district attorney brought charges and obtained convictions against only two of Trump’s myriad entities: Trump Corporation, which employs senior managers of the Trump Organization; and Trump Payroll Corp., which processes paychecks for Trump Organization staff.

The Zürich-headquartered bank Credit Suisse pleaded guilty in 2014 to criminal tax fraud charges far more serious than anything alleged against the two Trump entities—that it had helped U.S.

Given all of Trump’s well-publicized misdeeds over the past several years, it boggles the mind to think that anyone who has continued to do business with Trump up until now would quit just because 12 jurors in a Manhattan courtroom concluded that two Trump subsidiaries perpetrated a 15-year-long tax fraud.

First, the tax fraud case that resulted in Tuesday’s guilty verdict isn’t the most significant legal threat that Trump faces in New York.

(The bank and insurance fraud allegations in that lawsuit are unrelated to the tax fraud charges that led to Tuesday’s convictions.) Meanwhile, Manhattan District Attorney Alvin Bragg has reportedly resumed a criminal probe into hush-money payments to actress Stormy Daniels, though Bragg would face high legal hurdles if he sought to bring charges against Trump in that case.

6 insurrection didn’t lead Republicans to dump Trump, it’s hard to see how criminal tax convictions for two of his companies would change the calculus.

So while criminal charges against the former president could endanger his future as a free private citizen, and the verdict from Georgia voters suggests that his political future is in doubt, too, Tuesday’s convictions in the New York tax fraud case won’t be Trump’s Waterloo.

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