United States: Donald Trump’s organization is ordered to pay 1.6 million dollars for tax fraud

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The Trump Organization was ordered on Friday in New York to pay a fine of up to $1.6 million for tax and financial fraud, the Manhattan prosecutor said in a statement.

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The group of Republican billionaire Donald Trump, who aspires to run for president in 2024, was tried for tax evasion and falsification of accounting documentswith the aim of hiding the financial compensation of some executives from the tax services.

It concerns first criminal case for the former president’s family company (2017-2021), which includes golf clubs, luxury hotels and real estate.

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another try

The Trump Organization expects an even larger civil trial in 2023 a different case of financial fraud.

“Today, former President Trump’s companies were fined the maximum penalties allowed by law after historic convictions for a total of 17 offences“Attorney Alvin Bragg said in a statement.

Two group companies Trump Corporation and Trump Payroll Corporationhave been accused of giving financial or in-kind benefits to executives, hiding them from the taxman to avoid paying taxesbetween 2005 and 2018.

Among them is a longtime former CFO of the company, Allen Weisselberg, who is close to Trump, who pleaded guilty to 15 counts and was sentenced on Tuesday in the same case to five months in prison and one fine of more than two million dollars.

When his sentence was announced, Weisselberg, 75, who had started work in 1973 as a Trump’s father’s accountanthe left handcuffed to rikers prison Island to serve your sentence.

AFP extension

Source: Clarin

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