“Today, former President Trump’s companies were sentenced to the maximum fines allowed by law following historic convictions for a total of 17 felony crimes,” said District Attorney Bragg. “Chief Financial Officer Allen Weisselberg, The Trump Corporation, and The Trump Payroll Corp. conducted and benefitted from sweeping fraud for well over a decade.”
“In Manhattan, you have to play by the rules no matter who you are or who you work for. Trump Organization Chief Financial Officer Allen Weisselberg used his high-level position to secure lavish work perks such as a rent-free luxury Manhattan apartment, multiple Mercedes Benz automobiles and private school tuition for his grandchildren – all without paying required taxes,” said District Attorney Bragg.
“Our multilingual learners and students with disabilities deserve top-notch services, and these funds should have gone directly to their schools,” said District Attorney Bragg. “Instead, we allege, the funds meant for student programs were used purely for personal gain by an NYU Director of Finance, who renovated a home in Connecticut and bought a swimming pool with the money. This $3.5 million fraud also negatively impacted our city’s minority and women owned business enterprises by denying them the chance to fairly compete for and secure the funding. I thank the New York State Comptroller’s Office for its work on this investigation and look forwarding to continuing our partnership to root out fraud committed at the expense of our students and businesses.”
“The Paycheck Protection Program and Economic Injury Disaster Loan programs were available at the height of the pandemic when New Yorkers needed immediate financial support to keep their businesses afloat. These individuals allegedly defrauded the system and lined their own pockets at the expense of others during a dire economic situation,” said District Attorney Bragg.
Outcome Marks First-Ever Criminal Conviction of Former President Trump’s Companies Manhattan District Attorney Alvin L. Bragg, Jr., today announced the trial convictions of THE TRUMP CORPORATION and THE TRUMP PAYROLL
