Trending

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.
Click to read full article

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.