Trump Organization fined $1.6 million for tax fraud

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A fine was the only penalty a judge could impose on the Trump Organization after its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.

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Outside the courtroom, Manhattan District Attorney Alvin Bragg, a Democrat, said he wished the law had allowed for a more serious penalty.Article content The criminal case involved financial practices and pay arrangements that the company halted when Trump was elected president in 2016.Over his years as the company’s chief moneyman, Weisselberg received a rent-free apartment in a Trump-branded building in Manhattan with a view of the Hudson River. He and his wife drove Mercedes-Benz cars, leased by company. When his grandchildren went to an exclusive private school, Trump paid their tuition. A handful of other executives received similar perks.

At the trial, Trump Organization lawyers repeated the mantra, “Weisselberg did it for Weisselberg.” In its statement Friday, the company took a different tone.Article content “We all know that these corporations won’t go to jail, as Allen Weisselberg has,” Steinglass said. “The only way to deter such conduct is to make it as expensive as possible.”

 

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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.'
Source: YahooNews - 🏆 380. / 59 Read more »

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.
Source: dothaneagle - 🏆 337. / 59 Read more »

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) 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... 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 Disgusting. I bet he and his rotten, amoral pigs are dancing a jig after this ridiculous amount. This is pocket change for these creeps—
Source: MSNBC - 🏆 469. / 51 Read more »

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. Leftoids: We finally got him!!!!! Yaaay Everybody else: 😂🤣😂🤣😂🤣😂 Pathetic. Absolutely pathetic. Good luck to any company who gets anything nice from their company
Source: AP - 🏆 728. / 51 Read more »