Trump Organization Fined $1.6 Million For Tax Fraud

  • A Manhattan judge ordered former president Donald Trump’s family business to pay $1.6 million in fines Friday — the maximum allowable for the Trump Organization’s conviction on 17 counts of fraud last month.
  • Judge Juan Merchan imposed fines on two Trump Org subsidiaries — The Trump Corporation, fined $810,000, and The Trump Payroll Corp., fined $800,000.
  • The fine is the maximum penalty for the convictions last month allowable under the law.
  • The companies’ conduct “can only be described as egregious,” Assistant District Attorney Joshua Steinglass said.
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