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Donald Trump has been found guilty of all 34 counts of falsifying business records in a criminal hush-money scheme to influence the outcome of the 2016 election.

The verdict came after a jury deliberated for less than 12 hours in the unprecedented first criminal trial against a US president, current or former. It marks a perilous political moment for Trump, the presumptive nominee for the Republican nomination, whose poll numbers have remained unchanged throughout the trial but could tank at any moment.

Trump was convicted by a jury of 12 New Yorkers of felony falsification of business records, which makes it a crime for a person to make or cause false entries in records with the intent to commit a second crime. He will be sentenced on 11 July at 10am ET.

“This was a rigged trial by a conflicted judge who was corrupt,” Trump said at the courthouse after the verdict was read. “This was a rigged trial, a disgrace.”

Trump’s lawyer Todd Blanche stated during an appearance on CNN that he would appeal the verdict “as soon as we can”. The appellate process could take months, even years, to play out, meaning it could be a while before the sentence would take effect.

For Manhattan district attorney Alvin Bragg the verdict was an astonishing victory, coming after some scepticism of the wisdom of bringing such a case and the huge risks involved.

He said after the verdict: “Twelve everyday jurors vowed to make a decision based on the evidence and the law and the evidence and the law alone. Their deliberations led them to a unanimous conclusion beyond a reasonable doubt that the defendant Donald J Trump is guilty.”

He added: “While this defendant might be unlike any other in American history, we arrived at this trial and ultimately today this verdict in the same manner as every other case.”

Joe Biden’s campaign said “no one is above the law” in an email sent soon after the verdict.

“In New York today, we saw that no one is above the law. Donald Trump has always mistakenly believed he would never face consequences for breaking the law for his own personal gain,” wrote Michael Tyler, Biden’s communications director.

“But today’s verdict does not change the fact that the American people face a simple reality. There is still only one way to keep Donald Trump out of the Oval Office: at the ballot box. Convicted felon or not, Trump will be the Republican nominee for president.”

In the Trump case, the Manhattan district attorney’s office alleged Trump falsely recorded the reimbursements he made to his former lawyer Michael Cohen, who paid the adult film star Stormy Daniels $130,000 for her silence about her affair with Trump, as “legal expenses”.

The prosecution alleged the falsifications were made to conceal Trump’s violation of New York state election law, which makes it a crime to promote the election of any person to office through unlawful means.

Prosecutors argued, in part, that those unlawful means were the $130,000 payment to Daniels, which was in effect an illegal campaign contribution, because it was done solely for the benefit of his 2016 campaign and exceeded the $2,700 individual contribution cap.