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Donald Trump’s business empire, the Trump Organization, was sentenced in a New York court on Friday to the maximum allowable fine of $1.6m for a tax fraud scheme going back at least 10 years.
Despite the fine itself being relatively small for a huge business, the symbolism of a criminal conviction for an entity so close to the former president is significant.
Two entities from his sprawling real estate group were convicted last month on 17 charges, such as tax fraud and falsifying business records – the Trump Corp core business and Trump Payroll Corp.
Under New York law, the most the companies could have been fined was around $1.
