Trump Companies Fined $1.6 Million for Tax Fraud Scheme

  • 📰 thedailybeast
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

BREAKING: A New York judge is forcing two of Donald Trump's companies to pay $1.6 million in fines for routinely cooking the books and cheating on taxes for more than a decade.

After the corporate trial, The Daily Beast scored anwho revealed that jurors were furious at the corporate greed on display. The New Yorkers on the panel did their best to avoid letting their personal feelings toward Trump cloud their judgment, going so far as to give him the nickname “Joe Smith.”

During their secret deliberations behind closed doors, the jury foreperson initially asked her fellow jurors to raise their hands if they thought the companies were guilty. But the jurors were so overwhelmingly convinced that the companies had broken the law that the jury foreperson found it more practical to ask the opposite. In the end, no one thought the company was innocent.

The Manhattan DA’s case against the companies is part of that office’s concerted law enforcement effort to make up for the way federal prosecutors went easy on Trump and his associates during his time at the White House and afterward. The previous DA, Cyrus Vance Jr., opened criminal investigations when the Trump-appointed U.S. Attorney for the Southern District of New York, Geoffrey Berman, would not pursue tips.

“I want to be very clear, we don’t think that is enough. Our laws in this state need to change in order to capture this type of decade-plus, systemic and egregious fraud,” Bragg said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 307. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ridiculously small fine given the crime. Shame on Bragg

He's going to use the money from his trading cards grift to pay the $1.6 million fine.

This has got to stop where huge corporations just get a tap on the wrist & we hard working Americans get taxed to death, fined to death if we cheat! Change the LAWS!!!!! So WHO’S paying these court costs?

It’s probably just a drop in the bucket if he’s as rich as he says but hope it’s an indication his BIG investigation will be severe consequences

That's it? 😆

Not enough. Wait for the criminal trial.

White collar crime really does pay. This is pennies on dollars. Doesn't make a damaging financial impact. We are a nation of rich white men, laws are not applied equally w/o fear or favor. Very disgusted & depressed by the inconsequential consequences he always benefits from.

how much did he crookedly make by cooking the books ?

Crazy

The m should be a b

Pathetic.

1.6 million dollars is a joke.

Canada Canada Latest News, Canada Canada Headlines