The Trump Organization, Donald Trump’s company, fined $1.6 million for fraud


Former US President Donald Trump’s family and business empire, the Trump Organization, was fined $1.6 million in New York on Friday for financial and tax fraud. ” Former President Trump’s companies were fined the maximum fines allowed by law today after historic convictions for a total of 17 misdemeanors. “, prosecutor Alvin Bragg announced in a press release, broadcast by AFP.

Also read – United States: Donald Trump’s tax returns are made public

This verdict marks the first criminal conviction of Trump family companies. Two companies in the group, The Trump Corp., were blamed. and The Trump Payroll Corp, for having implemented a secret system between 2005 and 2018, to prevent senior executives from paying taxes, in particular by paying them. “in the dark” or making them benefit from other pecuniary advantages (apartments, luxury cars, school tuition, etc.).

Last month, those subsidiaries were found guilty of 17 charges, including tax evasion, falsifying business documents and conspiracy in what prosecutors called a scheme.” wide and bold in favor of the leaders. One of them was former Trump Organization CFO Allen Weisselberg, who pleaded guilty to fifteen charges.

Five months in prison for Weisselberg

Allen Weisselberg was sentenced in the same case to five months in prison and a fine of more than two million dollars. ” While corporations cannot serve prison time, this important conviction and sentence reminds corporations and their executives that it is impossible to fool the tax authorities and get away with it. It’s also an important reminder that our state law needs to change so that we can impose more sanctions and penalties on corporations that commit crimes in New York. Alvin Bragg said after the sentencing.

Source : Le JDD
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