Home United States USA — Financial Donald Trump’s Company Fined $1.6 Million For Felony Tax Fraud

Donald Trump’s Company Fined $1.6 Million For Felony Tax Fraud

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The Trump Organization received the maximum penalty on Friday
Donald Trump’s Trump Organization was fined $1.6 million by the New York State Supreme Court in Manhattan for felony tax fraud and other charges on Friday. It’s the maximum penalty under the law, which the Manhattan district attorney, Alvin L. Bragg, would like to see be raised to avoid similar “brazen” behavior, The New York Times reports.
The Trump Organization was convicted in December of off-the-books compensation to its top executives such as luxury cars and private school tuition. The organization’s CFO Allen H. Weisselberg, who was behind the scheme, was sentenced Tuesday to five months at Rikers Island after pleading guilty and testifying in the trial.
Lawyers for the organization had tried to shift the blame to Weisselberg and to an outside accounting firm, Mazars USA.

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