Focus on the BIG picture.
Thursday, Apr 09, 2026

Tax fraud verdict again exposes illusion of Trump the master businessman.

The former president can add tax fraud to his accomplishments after his company was convicted of a 15-year criminal scheme.
When sorrows come, Shakespeare observed, they come not single spies, but in battalions. The same goes for former US president Donald Trump’s legal troubles.

The latest trouble for Trump strikes at the heart of his identity as a wealthy businessman who wrote the bestselling The Art of the Deal. On Tuesday his property company was convicted of a 15-year criminal scheme to defraud tax authorities.

“Add tax fraud to the long list of Trump’s accomplishments,” tweeted Adam Schiff, chairman of the House of Representatives’ intelligence committee.

The case centered on charges that the Trump Organization, which operates hotels, golf courses and other assets around the world, paid personal expenses like free rent and car leases for top executives without reporting the income, and paid them bonuses as if they were independent contractors.

Trump himself was not charged but prosecutors alleged that he “knew exactly what was going on”. During his closing argument, prosecutor Joshua Steinglass showed jurors a lease Trump signed for a company-paid apartment and a memo Trump initialed authorising a pay cut for another executive who got perks.

“Mr Trump is explicitly sanctioning tax fraud,” Steinglass argued.

In a normal political universe, such a revelation would sink Trump’s hopes of a White House comeback in 2024. But given that he once boasted he could shoot someone in the middle of New York’s Fifth Avenue and not lose any votes, explicitly sanctioning tax fraud might not quite cut it.

Indeed, as comedian Dave Chappelle noted in a recent Saturday Night Live monologue, Trump has turned his ability to bend and break rules into a political virtue. “He said, ‘I know the system is rigged because I use it’.” When Hillary Clinton accused him of not paying taxes, Trump retorted: “That makes me smart.”

In Chappelle’s view, this rare willingness to expose what goes on behind the doors of the rich man’s club endeared Trump to working-class voters in 2016. The implication is that you would do it too, if you could, so good on him.

But six years later, the political landscape is different and the act is looking tired to many, even – increasingly – in his own party. No previous former US president, and no previous presidential candidate, has faced such a mountain of allegations and investigations.

The Trump Organization also separately faces a fraud lawsuit brought by New York state attorney general Letitia James. She wrote on Twitter on Tuesday: “Today’s guilty verdict against the Trump Organization shows that we will hold individuals and organizations accountable when they violate our laws to line their pockets.”

Trump himself is being investigated by the justice department over his handling of sensitive government documents after he left office in January 2021 and his attempts to overturn the November 2020 election, which he lost to Joe Biden.

A prosecutor in Georgia is scrutinising Trump and his allies over an attempt to subvert democracy in that state. Last month the US supreme court cleared the way for the handover of the former president’s tax returns to a congressional committee.

In the attrition of legal trench warfare, these cases may be gradually wearing down Trump’s political resilience, especially combined with three successive elections that suggest he more of a loser than a winner.

His winning argument in 2016 was that, having cultivated the image of a successful businessman on his reality TV show The Apprentice, he could now bring the same acumen to governing the country. And in a sense, he did: with fraud, deceit and contempt for the rule of law.
Newsletter

Related Articles

0:00
0:00
Close
Trump Calls for Toll-Free Reopening of Strait of Hormuz to Safeguard Global Trade
Oil Industry Urges White House to Secure Strait of Hormuz as Supply Concerns Mount
Trump and First Lady Host White House Easter Egg Roll Celebrating Tradition and Unity
White House Challenges NATO Position on Iran as Trump Holds Talks with Alliance Chief
White House Plans Major Workforce Reduction at TSA as Part of Efficiency Drive
White House Highlights Trump’s Firm Stance on Hormuz Access and Global Stability
Iran Raises Allegations of Ceasefire Breaches as Fragile Truce Faces Early Strain
Trump Offers Two-Week Pause in Military Action Tied to Strait of Hormuz Reopening
US Officials Strike Different Tones as Post-Conflict Messaging on Iran Develops
California Supreme Court Blocks Sheriff’s Attempt to Seize Hundreds of Thousands of Ballots
Trump Administration Set to Reduce Proposed Funding for Iran Conflict Efforts
Washington State Declares Fresh Drought Emergency as Water Shortages Persist
Saudi Arabia Welcomes Trump’s Leadership in Securing US–Iran Ceasefire
Saudi Arabia Voices Concern Over Fragile US–Iran Ceasefire Stability
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
Albanese Welcomes Ceasefire Progress While Addressing Differences with Trump’s Strong Rhetoric
Anthropic’s new model, Claude Mythos, is so powerful that the company is not releasing it to the public - instead, it is forming a coalition of 40 companies for cyber defense
President Trump Addresses Nation with Message of Strength and Strategic Resolve
White House Rejects Claims Trump Considering Nuclear Option in Iran Conflict
White House Says Trump Reviewing Pakistani Proposal With Response Expected
Scrutiny of DHS Spending Sheds Light on Kristi Noem’s Leadership Approach
Kidnapped US Journalist Shelly Kittleson Freed in Prisoner Exchange in Iraq
Army Secretary Signals Stability After Dispute with Pete Hegseth
Debate Emerges Over Military Implications of Trump’s Strong Warnings on Civilian-Linked Targets
Trump Warns of Civilizational Stakes as Iran Halts Negotiations
Recall Effort Launched Over Ferguson’s Handling of Washington Campaign Oversight Panel
Officials Dispute Claims by Pete Hegseth Over Developments in Iran Conflict
Key Saudi-Bahrain Causeway Closed Amid Heightened Security Concerns Linked to Iran
Growing Strain on the Petrodollar System Comes Into Focus Amid Iran Conflict
Trump-Era Forest Service Restructuring Leads to Closure of UK Lab Focused on Kentucky Woodland Health
UK Accelerates Efforts to Harmonise Medical Technology Rules with United States
Australia’s most decorated living soldier was arrested at Sydney Airport and charged with five counts of war-crime murder for the killing of unarmed Afghan civilians
Trump Urges Allies to Step Up Support in Strategic Response to Iran Conflict
The CIA’s Secret Technology That Can Find You by Your Heartbeat Successfully Locates Downed Airman
Operation Europe: Trump Deploys Vance to Hungary to Save the EU
Trump Signals Decisive Action in White House Briefing as Iran Deadline Nears
Trump Praised for Leading Rescue Effort as Political Disputes Emerge Over Response
Key Battleground States Poised to Shape Political Landscape Amid Ongoing Iran Conflict
Washington State Introduces New Law Regulating AI Companion Chatbots With Legal Enforcement Powers
Trump Administration Moves to End Civil Rights Settlements Involving Transgender Student Policies
Virginia Remains Deeply Divided Months After Spanberger’s Electoral Victory
New Data Shows Sharp Rise in Immigration Arrests Across Washington State
Trump Reasserts Firm Strategy as Iran Deadline Approaches
Union Organizing Efforts Intensify Across Washington State Amid Labor Push
UK Signals Non-Involvement in Iran Conflict as Trump Reasserts Firm Deterrence Stance
US and UK Strengthen Medical Device Cooperation Following Tariff Removal
Trump Backs Steve Hilton for California Governor, Highlighting Reform Agenda
UK Seeks Closer Ties With Anthropic as AI Policy Divergence Emerges Across Atlantic
Trump Highlights Strong Leadership in Critique of UK Stance on Iran
Expanded US Military Presence in Australia Framed as Strategic Strengthening of Regional Security
×