Former President Donald Trump’s family business was ordered to pay about $1.6 million in criminal fines following its tax-fraud conviction in December.
New York State Supreme Court Justice Juan Merchan imposed the penalty at a hearing Friday, according to the Wall Street Journal. A jury in December found two Trump Organization entities guilty of 17 criminal counts, including tax fraud and conspiracy.
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Why are there caps on fines for tax and Corp fraud? Why aren’t judges empowered to set fines to recover ALL of the ill gotten gains? This seems to incentivize just stealing LARGE amounts of money so fines can be easily paid off. See: Wells Fargo’s repeated frauds and fines.