Legal and business experts say the ruling in New York state threatens assets such as Trump Tower and also empowers state Attorney General Letitia James, one of Donald Trump's main legal critics.
The Trump Organization
The company's longtime chief financial officer had pleaded guilty to 15 felonies and testified against the Trump Organization, which was convicted last month and is set to be sentenced on Friday.
Trump and his company have repeatedly faced criminal investigations but this case marks the first time his company has been charged, tried, and convicted on criminal charges.
Weisselberg entered his guilty plea in state court in lower Manhattan on Thursday. He's the latest person close to former President Trump to plead guilty or be convicted at trial of a felony.