After tax fraud conviction, Trump Organization fined $1.6 million

The Trump Organization was hit with $1.6 million in fines Friday when a New York judge sentenced it for running a 15-year tax fraud scheme that prosecutors said top executives at the company orchestrated out of pure greed.

As the report added, Manhattan District Attorney Alvin Bragg said after the verdict that for too long the companies had gotten away “with a scheme that awarded high-level executives with lavish perks and compensation while intentionally concealing the benefits from the taxing authorities to avoid paying taxes.” He said the verdicts held them to account “for their long-running criminal scheme.

It’s worth emphasizing that the former president himself was not directly charged in this case, though as the trial neared its end, prosecutors alleged the Republican “sanctioned” fraud. To be sure, today's financial penalty is modest, at least by Team Trump standards. An Associated Press reportthis morning that the $1.6 million fine is the maximum penalty under law: It’s 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.”

That said, the conviction is nevertheless unwelcome: His prized family business has now been convicted of multiple felonies, further tarnishing his scandal-plagued reputation.

The trump organization doesn’t need bank loans. They just use campaign funds, and repurpose it. Completely illegal but who the F cares. Not the DOJ.

finally have something to report about.

That’s it?!?

'Youve got him now'...!

It increases their business risk… 😎

🐧

yawn

MaddowBlog Do not want to make you feel bad but that is “Pocket Change” for President Trump…boring!😊Just saying!

MaddowBlog More interested in the current Presidents debacle with Classified files found in his garage and 2 other locations.

MaddowBlog Lol. They made more than that while sleeping last night.

MaddowBlog Another way to punish them is to audit them every year. Send building inspectors to find problems and give LG fines for infractions. 'Little foxes spoil the vine'. Constant fines all year long.

MaddowBlog Disgusting. I bet he and his rotten, amoral pigs are dancing a jig after this ridiculous amount. This is pocket change for these creeps—

MaddowBlog How bout joe biden and his classified documents for 6 years that he knew about in unsecured places or his connection to China and uk

MaddowBlog It’s Ellen Weisselberg for the next 5 months.. his wifey packed his blonde wig and high heels to make him popular at Rikers...

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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. Ah, you know it's going to be all about, 'but his classified documents. Not mine. His.'
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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 to be sentenced for tax fraud, faces fineThe stiffest penalty Donald Trump’s company could receive when it is sentenced Friday by a New York judge for helping its executives dodge taxes is a $1.6 million fine — not even enough to buy a Trump Tower apartment.
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Trump Organization to be sentenced for tax fraud, faces fineThe stiffest penalty Donald Trump’s company could receive when it is sentenced Friday by a New York judge for helping its executives dodge taxes is a $1.6 million fine — not even enough to buy a Trump Tower apartment
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