NEW YORK, Jan 13 — Donald Trump today will learn how the company that bears the former US president’s name will be punished after being found guilty of scheming to defraud tax authorities for 15 years.
Trump’s company faces only a maximum US$1.6 million penalty, but has said it plans to appeal. No one else was charged or faces jail time in the case. “This is a farce,” he said. “No one will stop committing these kinds of crimes because of this sentence.” 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.
“The whole narrative that Donald Trump was blissfully ignorant is just not real,” Assistant District Attorney Joshua Steinglass told jurors in his closing argument.
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