Pre-election rally held in support of Republican candidates in Dayton
Former U.S. President Donald Trump speaks at a rally to support Republican candidates ahead of midterm elections, in Dayton, Ohio, U.S. November 7, 2022. Reuters

Lawyers for former U.S. President Donald Trump's real estate company rested their case on Monday after calling just two witnesses in the Trump Organization's criminal trial in a New York state court on tax fraud charges.

Outside accountant Donald Bender wrapped up his testimony for the defense and was followed on the witness stand by a paralegal from the offices of one of the defense lawyers. Juan Merchan, the judge in the case, set closing arguments for Thursday and Friday with jury deliberations expected to begin next Monday.

Prosecutors in Manhattan have accused the Trump Organization, which operates hotels, golf courses and other real estate around the world, of conducting a 15-year tax fraud scheme to pay personal expenses for executives and partly compensate them as if they were independent contractors.

The company, which faces fines of up to $1.6 million if convicted, has pleaded not guilty. Trump, who this month launched a run for the presidency in 2024, has not been charged in the case.

The prosecution rested its case a week ago.

The Trump Organization has sought to shift the blame to former chief financial officer Allen Weisselberg, who was charged last year along with the company and has pleaded guilty to tax fraud and other charges, and Bender, who it maintains should have blown the whistle on Weisselberg's conduct.

Bender, who has been given immunity from prosecution, testified last week that he trusted that Weisselberg gave him accurate financial information, and that his role was limited.

"We had robust conversations," Bender testified on Monday, explaining that Weisselberg said he met the criteria to be paid as an independent contractor.

Bender's testimony appeared to backfire on the defense and bolster the prosecution's case.

Weisselberg has worked for the Trump family for about five decades, but is no longer CFO and is on paid leave. Under a plea agreement with prosecutors, Weisselberg is set to serve a five-month jail sentence.

He and several other executives improperly received bonus payments as non-employee compensation, trial evidence showed. The company also provided luxury apartments, car leases and paid for other personal expenses for Weisselberg and other executives, which were not reported as income.

Trump, a Republican, has called the charges against the company politically motivated. Alvin Bragg, the current Manhattan district attorney, is a Democrat, as is the DA who brought the charges last year, Cyrus Vance.

"The case was not fair or good," Trump wrote on Monday on social media.