Donald Trump's company sentenced to pay $1.61 mln penalty for tax fraud

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A New York judge on Friday sentenced Donald Trump's namesake real estate company to pay a $1.61 million criminal penalty after it was convicted of scheming to defraud tax authorities for 15 years.

Justice Juan Merchan of the Manhattan criminal court imposed the sentence, the maximum possible under state law, after jurors found two Trump Organization affiliatesMerchan on Tuesday sentenced Allen Weisselberg, who worked for Trump's family for a half-century and was the company's former chief financial officer,Susan Necheles, one of the defense lawyers, said Trump's company plans to appeal. No one else was charged.

Joshua Steinglass, one of the prosecutors, appeared to lament the size of the punishment, telling Merchan the penalty was only a "tiny portion" of the Trump Organization's revenue.Bill Black, a professor at the University of Missouri-Kansas City School of Law specializing in white-collar crime, called the penalty a "rounding error" that offers "zero" deterrence.

Bragg and James are Democrats, as is Bragg's predecessor Cyrus Vance, who brought the criminal case. Trump is seeking the presidency in 2024, after losing his re-election bid in 2020.At a four-week trial, prosecutors offered evidence that Trump's company covered personal expenses such as rent and car leases for executives without reporting them as income, and pretended that Christmas bonuses were non-employee compensation.

 

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Bull crap get off president Trump's back

Not much of a penalty. When are the arrests happening?

Peanuts

My piano teacher when I was a young child. Had me sit on 5 certain books to make me at the right height. Then I had to have perfect curvature of fingers and thumbs up. She wacked my knuckles with a dowel stick. And yes I passed into Juliaird. Terrified classical.

Al loquito le van a poner los ganchos

Something about a double standard comes to mind

After ONE guy schemed to enrich himself in the process

Lesson: always dodge taxes. Great work USA.

How much tax did trump dodge in those 15 years?

More fraud convictions on the pile, yet his cult will still refuse to believe he's a grifter 🙄

That'll put a small dent into the profit they got from 15 years of tax fraud. Just a small dent though. See. Tax fraud CAN be profitable.

Yeah because all those loopholes in the tax code were Trump's fault 😂 I'm not a Trump supporter but we needed to abolish the IRS a LONG time ago

Which amounts to another Nothingburger for the left 😂

It's just a narrative been used by the left to wrongfully implicate him.

So you defraud the government for over a decade out of god knows how much and have to pay pennies on the dollar as a fine? The US judicial system is top notch

A 15 year fraud scene only resulted in a $1.6M penalty...clearly the whole process was a waste of time and taxpayers monies as im sure it cost us more that $1.6M to investigate and bring to trial!!!

Tax dodging pays

He needs to be locked up. He stole from NY taxpayers for 15 god damned years. Ridiculous

Must of been a minor issue blown out of proportion for political hype since the fine is so small.

Keep in mind, small financial penalties for large, sometimes even catastrophic abuses of power only applies to the wealthy. The rest of us go to jail.

Pissing away taxpayer money because they don’t like him 😂

Someone definitely earned their legal fees.

so nothing

Nobody goes to prison, and they scammed the IRS out of a lot more than $1.61 million. I'm sure this will stop companies from doing it again

Seems small

😆 😂 😆

They probably paid twice that defending the case; this is peanuts to President Trump.

That’s it

Only? I thought billion

What about Donald? Nothing?

Good for them in avoiding paying taxes. If I could I would.

We’re they using QuickBooks like FTX_Official ?

baphometx

In America you can make billions with tax fraud for decades and if you get caught you have to pay „a bit“ back and of course, this only applies to the super-rich😬

Not enough

Scum should be in prison

The fine covers a 15 year period. The organization make 655 MILLION annually. And he will appeal and the fine will be lowered, out of the public eye, as they always are for rich folks.

USA media on Indian vs Pakistani people 😂

Is this Real The RUSSIANS Planted the SECRET DOCUMENTS they got from CHINA that Biden SOLD to CHINA? Now BIDEN and GARLAND appointed a CHINA MAN to see if BIDEN Paid TAXES on the Money He got from CHINA/? Have I got this Correct

should be five times that

kick his balls when he is down

Chipping away...

Outstanding! Now the organization can pay the 1.6 million and claim it as a loss on their taxes and get a refund! Sheer Genius!!

That’s adorable

Change our weak azz tax laws!

Is that aĺl?

Whoopee, that’s nothing. Going after the wrong crook.

His door mat laughs at that amount

TwoTieredJustice

Such bullshit

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