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Day 686

1/ The Trump organization was found guilty on all 17 counts of criminal tax fraud, conspiracy, falsifying business records, and other financial crimes. The verdict is the culmination of a three-year investigation by the Manhattan district attorney’s office, and the two entities – the Trump Corporation and the Trump Payroll Corp. – face a total of more than $1.6 million in fines. The case was built around testimony from the Trump Organization’s former finance chief, Allen Weisselberg, who pleaded guilty in August to 15 counts including tax fraud, conspiracy and grand larceny. In his testimony, Weisselberg detailed how he and the company’s comptroller, Jeffrey McConney, cheated state and federal tax authorities over a 15-year period by paying executives with “off the books” compensation, such as apartments and luxury cars. Prosecutors described the Trump Organization as a “culture of fraud and deception,” saying Trump sanctioned the tax-free benefits and personally signed some checks for private-school tuition for Weisselberg’s grandchildren. Trump, however, wasn’t charged. Trump and his children and his company also face a civil suit filed by the New York attorney general accusing them of “staggering” fraud. (Washington Post / New York Times / Associated Press / Wall Street Journal / CNN / Bloomberg / Axios)

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