NEW YORK (AP) — Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president’s business.

According to the Associated Press, the guilty verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars.

As punishment, the Trump Organization could be fined up to $1.6 million — a relatively small amount for a company of its size, though the conviction might make some of its future deals more complicated.

Trump, who is running for president again in 2024, has said the case against his company was part of a politically motivated “witch hunt” waged against him by vindictive Democrats.

Trump himself was not on trial but prosecutors alleged he “knew exactly what was going on” with the scheme, though he and the company’s lawyers have denied that.

The former President posted on his Truth Social account prior to the verdict Tuesday morning, “Murder and Violent Crime is at an all time high in NYC, and the D.A.’s office has spent almost all of its time & money fighting a political Witch Hunt for D.C. against “Trump” over Fringe Benefits, something that in the history of our Country, has never been so tried in Court before. Two weeks at trial, yet no MURDER CASE has gone to trial in 6 years, much to the consternation of victims mothers and families who are devastated that NOTHING is being done to bring JUSTICE. Too busy on “Donald.”

The case against the company was built largely around testimony from the Trump Organization’s former finance chief, Allen Weisselberg, who previously pleaded guilty to charges that he manipulated the company’s books and his own compensation package to illegally reduce his taxes.

Weisselberg testified in exchange for a promised five-month jail sentence.

To convict the Trump Organization, prosecutors had to convince jurors that Weisselberg or his subordinate, Senior Vice President and Controller Jeffrey McConney, were “high managerial” agents acting on the company’s behalf and that the company also benefited from his scheme.

Trump Organization lawyers repeated the mantra “Weisselberg did it for Weisselberg” throughout the monthlong trial. They contended the executive had gone rogue and betrayed the company’s trust. No one in the Trump family or the company was to blame, they argued.

Though he testified as a prosecution witness, Weisselberg also attempted to take responsibility on the witness stand, saying nobody in the Trump family knew what he was doing.

“It was my own personal greed that led to this,” an emotional Weisselberg testified.

Weisselberg, who pleaded guilty to dodging taxes on $1.7 million in fringe benefits, testified that he and McConney conspired to hide that extra compensation from his income by deducting their cost from his pre-tax salary and issuing falsified W-2 forms.

During his closing argument, prosecutor Joshua Steinglass attempted to refute the claim that Trump knew nothing about the scheme. He showed jurors a lease Trump signed for Weisselberg’s company-paid apartment and a memo Trump initialed authorizing a pay cut for another executive who got perks.

“Mr. Trump is explicitly sanctioning tax fraud,” Steinglass argued. The former President has yet to respond publicly to the guilty verdict.