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Trending : Trump Organization Is Convicted in New York Tax Fraud Trial

12/07/2022 | 02:12am EST

0657 GMT - The Trump Organization is the most mentioned company in the news over the past eight hours, according to Factiva data, after a New York jury found that former President Donald Trump's family business engaged in an off-the-books compensation scheme to pay some executives in car leases, apartments and cash. The two convicted Trump Organization corporate entities could face a total of more than $1.6 million in fines. The guilty verdict is a blow to Mr. Trump, who declared his third consecutive presidential bid last month. He wasn't charged in the case, though prosecutors said that Mr. Trump sanctioned the tax-free benefits, and personally signed some checks for private-school tuition for former finance chief Allen Weisselberg's grandchildren. A judge, who had instructed the jury that neither Mr. Trump nor his family were on trial, set the company's sentencing for Jan. 13. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)


(END) Dow Jones Newswires

12-07-22 0212ET

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