If convicted, the Trump Organization could be fined more than $1 million - but that's not the only potential fallout.
Trump's ardent supporters aren't likely to abandon him, no matter the outcome, but a guilty verdict could hamper his company's ability to get loans and make deals. New York City, for one, could use the legal cloud as new justification for seeking to oust the company from running a city-owned golf course.
The star witness for the prosecution is expected to be Allen Weisselberg, one of Trump's most trusted senior executives.Weisselberg pleaded guilty in August to taking in over $1.7 million worth of untaxed perks from the company, including school tuition for his grandchildren, a Manhattan apartment and Mercedes cars for him and his wife.
In pleading guilty, Weisselberg pinned blame for the scheme on himself and other top Trump Organization executives, including senior vice president and controller, Jeffrey McConney. Besides Weisselberg, two other Trump Organization executives, who were not identified by name, also received substantial under-the-table compensation, including lodging and the payment of automobile leases, the indictment said.
Trump's sons, Donald Jr. and Eric, have been in charge of day-to-day operations since he became president. Because the criminal trial involves charges against the corporate entity, not any individuals, the Trumps won't be held personally liable if a jury returns a guilty verdict. A court hearing is scheduled in that matter for Oct. 31 as James seeks an independent monitor to oversee the Trump Organization's activities after she alleged the company was taking steps to dodge potential penalties, such as incorporating a new entity named Trump Organization II.
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