Trump Organization Guilty of Tax Fraud

Former US Presiddent Donald Trump's company has been convicted of tax fraud for a scheme by top executives to avoid paying personal income taxes on perks such as apartments and luxury cars.

As punishment the Trump organization could be fined up to $1.6 million. The guilty verdict tuesday day came on the second day of deliberations in the only criminal trial to arise from the manhattan district attorney's three year investigation of the former president and his businesses.

Longtime trump organization finance chief allen weisselberg previously pleaded guilty to hatching the 15-year scheme. He testified at the trial in exchange for a promised five-month jail sentence.