Trump company convicted of tax fraud in tax evasion case

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Donald Trump's company pleaded guilty Tuesday to tax fraud for helping authorities avoid taxes on a Manhattan apartment and luxury cars perks.

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The Trump Organization helped top executives avoid paying personal income tax on job perks like rent-free apartments and luxury cars.

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A jury found the two corporate entities in the Trump Organization guilty of 17 different counts, including charges of conspiracy and falsifying business records.

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The company is going to be fined up to $1.6 million. Sentencing is scheduled for January 13. The defense said it would appeal.

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The Trump Organization — and Trump's management — was at the center of "The Apprentice," the reality show that solidified his global celebrity.

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The Manhattan case against the Trump Organization indicted the former finance chief, Alan Weiselberg, on charges that he manipulated fringe benefits to illegally reduce taxes on the company's books by $1.7 million.

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It is believed that no one is going to jail except Wesselberg. No one is locking down Trump Tower or forcing the company out of business.

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Trump company convicted of tax fraud in tax evasion case

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