Trump Organization fined $1.6 million for long-running tax fraud scheme

The Trump Organization was hit with $1.6 million in fines Friday when a New York judge sentenced it for running aTrump Corp. and Trump Payroll Corp. — both subsidiaries of the Trump Organization — werelast month on 17 counts, including conspiracy, criminal tax fraud and falsifying business records.

"While corporations can’t serve jail time, this consequential conviction and sentencing serves as a reminder to corporations and executives that you cannot defraud tax authorities and get away with it," Bragg said. Weisselberg and the company were first charged in June 2021 after a yearslong investigation into the company's business practices by the Manhattan district attorney's office and the state attorney general's office.

Source: News Formal (newsformal.com)

I'm tax professional: reason Trump is worried sick about his taxes being released is HE FAILED TO REPORT 'DEBT FORGIVENESS INCOME' when he wrote off his failed real estate ventures in 2009 (yr open in audit now). When bank writes down/off loans=his income!

Another incidence in a looooooong list Trump malfeasance.

More smears, who cares anymore, you guys at NBC News are complicit LIERS!

Jim_Jordan RepMattGaetz Pls have an immediate look at Wrays taxes as he used a govt plane for personal use as did pelosi, schumer, clinton, oboma,biden etc. Surely the plane exp is far greater than a company car. Big monies. Big frauds.

Trump organization profit over $500 million tax fraud and only find $1.5 million , white justice , Art of the steal

He profit a couple $100 million , and only find $ 1.5 million , white justice

Almost seems like a deal to be a tax fraud.

Still trying to deflect from the fact that Biden was just busted TWICE for the same thing you accused trump of? You media lapdogs for the DNC are pathetic

I'm tax professional: reason Trump is worried sick about his taxes being released is HE FAILED TO REPORT 'DEBT FORGIVENESS INCOME' when he wrote off his failed real estate ventures in 2009 (yr open in audit now). When bank writes down/off loans=his income!

Only $106,000 per year for 15 years of criminal fraud.

That seems like a low figure.

That slap on the wrist will teach them to do it again since $1.6 Million is likely less than the money they fraudulently made.

Happy Friday the 13th.

Now let’s do the Government next…

How many fines have big tech and big pharma paid in the last 20 years? This is nothing compared to the billions and billions paid out by companies who are protected by the government and still commit crimes. BlueAnon loves to whine about Trump though.

Such BS, a slap on the wrist for a serial criminal

So are they going after all the other companies who have the same practices now?

United States Latest News, United States Headlines

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

After tax fraud conviction, Trump Organization fined $1.6 millionBREAKING: Trump Organization fined $1.6 million for long-running tax fraud scheme involving top executives, including former CFO Allen Weisselberg. (via MaddowBlog) MaddowBlog It’s Ellen Weisselberg for the next 5 months.. his wifey packed his blonde wig and high heels to make him popular at Rikers... MaddowBlog How bout joe biden and his classified documents for 6 years that he knew about in unsecured places or his connection to China and uk MaddowBlog Disgusting. I bet he and his rotten, amoral pigs are dancing a jig after this ridiculous amount. This is pocket change for these creeps—
Source: MSNBC - 🏆 469. / 51 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.' 'to for a' -- What? 🤣🤣 Typo ChicagoMedia
Source: ABC7Chicago - 🏆 284. / 63 Read more »

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.
Source: TucsonStar - 🏆 339. / 59 Read more »

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 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.
Source: dothaneagle - 🏆 337. / 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 »