Trump Organization fined $1.6 million for tax fraud

NEW YORK — Donald Trump’s company was fined $1.6 million Friday for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets.

Neither the former president nor his children, who helped run the Trump Organization, were in the courtroom. Besides the company, only one executive was charged in the case: former Trump Organization Chief Financial Officer Allen Weisselberg, who pleaded guilty last summer to evading taxes on $1.7 million in compensation. He was sentenced Tuesday to five months in jail.

Assistant District Attorney Joshua Steinglass told jurors Trump had a role, showing them a lease that the Republican signed himself for Weisselberg’s apartment.Weisselberg also attempted to take responsibility on the witness stand, saying nobody in the Trump family knew what he was doing. He choked up as he told jurors, “It was my own personal greed that led to this.”

Biden classified documents?

We will say anything these days. From now on when we hate on someone on this here interwebs. I am gonna look you up and see how much of an angel you are.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump Organization fined $1.6 million for tax fraudDonald Trump’s company was fined $1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets. A fine was the only penalty a judge could impose on the Trump Organization for its conviction last month for 17 tax crimes, including conspiracy and falsifying business records. The amount imposed by Judge Juan Manuel Merchan was the maximum allowed by law, an amount equal to double the taxes a small group of executives avoided on benefits including rent-free apartments in Trump buildings, luxury cars and private school tuition. Ah, you know it's going to be all about, 'but his classified documents. Not mine. His.'
Source: YahooNews - 🏆 380. / 59 Read more »

Trump Organization sentenced in tax fraud case, fined $1.6 million'The sheer magnitude of this fraud merits the largest financial sanction authorized by law,' Joshua Steinglass said. 'The defendants cultivated a pervasive culture of fraud.' Tax deductable? Paid his lawyers more than that. All that whining by Dems/ Media and just 1.6M fine LOL
Source: ABC7NY - 🏆 592. / 51 Read more »