Donald 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.
NEW YORK — Donald 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. Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio 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 to Be Sentenced Friday in Tax-Fraud CaseDonald Trump‘s family business is set to be sentenced Friday following its criminal tax-fraud conviction for using an off-the-books compensation scheme to pay some employees in 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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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 fined $1.6 million for tax fraudNEW YORK (AP) — Donald 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.
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