A New York court on Friday fined former U.S. President Donald Trump’s organization $1.6 million (€1.4 million), the maximum stipulated by law, for tax fraud, among other offenses.
Two Trump entities, The Trump Corp. and Trump Payroll Corp. were convicted last month of 17 felony tax crimes, including the aforementioned fraud or falsifying business records.
Prosecutors argued that Trump’s company covered personal expenses such as rent and car leases for executives without reporting them as income, according to Politico news portal.
This verdict comes after the company’s former chief financial officer, Allen Weisselberg, pleaded guilty to felony fraud and went on to cooperate with the New York District Attorney’s Office.
It should be recalled that US law imposes a maximum fine of $250,000 for the type of tax offenses for which the Trump Corporation has been convicted.
Similarly, it should be noted that this case is not related to the civil suit for 230 million euros filed by the New York Attorney General, Letitia James.
In this case, the prosecution accuses Trump, his three eldest children, Weisselberg and other collaborators of defrauding lenders, insurers and tax authorities by inflating the value of multiple properties owned by the organization.
Source: (EUROPA PRESS)
