- Trump Organization was found criminally liable for tax fraud committed by two company executives.
- Donald Trump denounced the jury outcome and claimed the trial was a "political witch hunt."
- The former president said he plans to appeal the results.
Donald Trump lamented that it's hard to be a "Trump" in New York City after a Manhattan jury found the former president's real-estate empire criminally liable of tax fraud on Tuesday.
"New York City is a hard place to be 'Trump,' as businesses and people flee our once Great City," the former President said in a statement.
The Trump Organization was convicted of tax fraud on Tuesday after a Manhattan jury deliberated for a total of 10 hours, putting a close to a six-week trial. The company now faces up to $1.6 million in penalties at its sentencing on January 13.
In the statement, Trump said he was disappointed with the verdict and plans to appeal the decision.
Two top executives at the organization are at the center of the conviction: ex-CFO Allen Weisselberg and payroll executive Jeffrey McConney.
In August, Weisselberg pled guilty to 15 counts of tax fraud and other financial crimes and admitted to conspiring with his colleague McConney.
Both men however have denied that the organization stood to benefit
This story is developing. Check back for more information.