A New York judge on Friday, Jan. 13 fined Donald Trump's family business the maximum penalty available of $1.6 million for committing tax fraud.ex-president eyes the White House againThe Trump Corporation and Trump Payroll Corp., entities of the Trump Organization, were found guilty last month of running a years-long scheme to defraud and evade taxes through 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," said Manhattan District Attorney Alvin Bragg, who prosecuted the case. He pleaded guilty to scheming with the company to receive undeclared benefits such as a rent-free apartment in a posh neighborhood, luxury cars for him and his wife, and his grandchildren's fees at an expensive private school.
Trump was impeached twice while president in 2017-2021, for abuse of power and obstruction of justice in the first case, and for incitement of insurrection in the second, following the Jan. 6, 2021 assault on the US Congress by his followers.
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