On Foreign News
A New York judge on Friday fined Donald Trump’s family business the maximum penalty available of $1.6 million for committing tax fraud.
The sum, which is quite small to the billionaire real estate developer, is 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 all 17 counts following a trial, marking the first time the companies had ever been convicted of crimes.
Trump himself was not charged but the verdict inflicted further reputational damage as he seeks the Republican nomination for the presidency in 2024.
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