US Former President Donald Trump's company has been found guilty of tax fraud in a case brought by the Manhattan District Attorney.
Trump and his family have not been charged in the case, but the former president was repeatedly mentioned during the trial by prosecutors about his connection to benefits given to certain executives, including company-funded apartments, car leases, and personal expenses.
The Trump Organization could face up to a maximum of $1.61 million in fines when it is sentenced in mid-January.
The company is not at risk of being dissolved because there is no mechanism under New York law that would dissolve the company. However, a felony conviction can affect their ability to conduct business or obtain loans or contracts.
The guilty verdict comes as Trump comes under scrutiny from state and federal prosecutors over his handling of classified documents, efforts to overturn the results of the 2020 election, and the accuracy of the Trump Organization's business records and financial statements.
He is also facing a $250 million civil lawsuit from the New York Attorney General who alleges that he and his adult children were involved in a decade-long scam.
The attorney general seeks to permanently ban them from serving as an officer or director of a corporation in New York State, among other penalties.
Trump Org. attorneys said they plan to appeal.
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