Trump Organization fined $1.6 million for tax fraud

NEW YORK, 15 January 2023, (TON): A New York judge on Friday fined Donald Trump’s family business the maximum penalty possible of $1.6 million for committing tax fraud.

The sum, paltry to the billionaire real estate developer’s amassed fortune, is nevertheless symbolically significant as the ex-president eyes the White House again amid a host of legal woes.

The Trump Corporation and Trump Payroll Corp., entities of the Trump Organization, were found guilty last month of running a years-long scheme to defraud and evade taxes through falsifying business records.

They were convicted on all 17 counts following a trial, marking the first time the companies had ever been found guilty of crimes.

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