Donald Trump’s company has been convicted of tax fraud.
The case found a significant repudiation of financial practices at The Trump Organisation.
The former president’s business has been accused of taking part in an illegal plot to avoid personal tax income – including the top bosses gaining off-the-books perks like rent-free homes and luxury cars.
The verdict comes after a three-year investigation into the company.
The former president himself is not personally on trial, however, the prosecutors made it obvious they believed he was aware of what was happening at his business.
The Trump Organisation could face a $1.6 million fine, which although would impact future dealings, would not risk the downfall of the company, which is worth around $450 million.
The 76-year-old has recently revealed that he would run for president once again, telling his supporters:
“We’ve always known this was not the end, it was only the beginning to rescue the American dream.
“In order to make America great and glorious again I am tonight announcing my candidacy for President of the United States.”
