Trump’s Organization just got the maixumum fine allowable in New York for their conviction on a tax fraud scheme.
The fine is a whopping $1.6 million.
Here’s more from Axios:
The Trump Organization on Friday received the maximum fine under New York law after it was convicted last month of running a 15-year tax fraud scheme.
A New York judge ruled that a pair of the former president’s business entities must pay a $1.6 million penalty, AP reports.
Last month, Trump Organization subsidiaries Trump Corp. and Trump Payroll Corp. were convicted of 17 felonies, which included criminal tax fraud, falsifying business records and conspiracy.
Under New York law, the company faced up to a $1.6 million fine from the verdict.
- Trump and his family were not charged in the case.
- Earlier this week, former Trump Organization CFO Allen Weisselberg was sentenced to five months in jail for his role in the scheme. He was taken into custody and is expected to serve his sentence at Rikers Island in New York.
- Weisselberg pleaded guilty in August to assisting in the scheme and admitted to 15 felonies.
Of course they get the maximum fine in New York because the company has Trump’s name on it.
But according to Reuters, the company will appeal the ruling.