The company pleaded not guilty. Trump himself was not charged in the case.
While the fine is not expected to be significant for a company the size of the Trump Organization, a jury conviction could complicate its ability to do business by scaring off lenders and partners.
The case centered on allegations that the company paid personal expenses such as free rent and car leases for top executives, including former CFO Allen Weisselberg, without reporting income, and paid them bonuses as if they were independent contractors.
“The smorgasbord of benefits is designed to keep their top executives happy and loyal,” prosecutor Joshua Steinglass told the jury during closing arguments Friday.
The Trump Organization is facing a separate fraud lawsuit brought by New York State Attorney General Letitia James.
Trump himself is under investigation by the US Department of Justice for his handling of confidential government documents after he left office in January 2021, after losing the November 2020 election to Democrat Joe Biden.