BREAKING: Trump Organization fined $1.6 million for long-running tax fraud scheme involving top executives, including former CFO Allen Weisselberg.
The Trump Organization was hit with $1.6 million in fines Friday when a New York judge sentenced it for running aTrump Corp. and Trump Payroll Corp. — both subsidiaries of the Trump Organization — werelast month on 17 counts, including conspiracy, criminal tax fraud and falsifying business records.
"While corporations can’t serve jail time, this consequential conviction and sentencing serves as a reminder to corporations and executives that you cannot defraud tax authorities and get away with it," Bragg said. Weisselberg and the company were first charged in June 2021 after a yearslong investigation into the company's business practices by the Manhattan district attorney's office and the state attorney general's office.
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After tax fraud conviction, Trump Organization fined $1.6 millionBREAKING: Trump Organization fined $1.6 million for long-running tax fraud scheme involving top executives, including former CFO Allen Weisselberg. (via MaddowBlog)
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Trump Organization sentenced in tax fraud case, fined $1.6 million'The sheer magnitude of this fraud merits the largest financial sanction authorized by law,' Joshua Steinglass said. 'The defendants cultivated a pervasive culture of fraud.'
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Trump Organization fined $1.6 million for tax fraudDonald Trump's company was fined $1.6 million Friday as punishment for a scheme in which the former president's top executives dodged personal income taxes on lavish job perks.
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Trump Organization fined $1.6 million for tax fraudDonald Trump’s company was fined $1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets. A fine was the only penalty a judge could impose on the Trump Organization for its conviction last month for 17 tax crimes, including conspiracy and falsifying business records. The amount imposed by Judge Juan Manuel Merchan was the maximum allowed by law, an amount equal to double the taxes a small group of executives avoided on benefits including rent-free apartments in Trump buildings, luxury cars and private school tuition.
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Trump Organization fined $1.6 million for tax fraudDonald Trump's company was fined $1.6 million Friday as punishment for a scheme in which the former president's top executives dodged personal income taxes on lavish job perks.
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Trump Organization sentenced in tax fraud case, fined $1.6 million'The sheer magnitude of this fraud merits the largest financial sanction authorized by law,' Joshua Steinglass said. 'The defendants cultivated a pervasive culture of fraud.'
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