Former US President Donald Trump’s family business, the Trump Organization, was fined up to $1.6 million in New York on Friday for financial and tax fraud, a Manhattan attorney said in a statement.
A group of American billionaires, as a candidate for the 2024 presidential election of the Republican Party, attempted to falsify tax evasion and accounting declarations, especially with the aim of hiding financial compensations from certain senior leaders from the tax services. .
This is a first offense for the former US President’s (2017-2021) group, which brings together golf clubs, luxury hotels and real estate assets. The Trump Organization is awaiting an even larger civil trial in 2023 in a different financial fraud case.
“Former President Trump’s businesses were today slapped with the maximum fines allowed by law, after historic convictions for a total of 17 embezzlement charges.“, welcomed lawyer Alvin Bragg in a press release.
Specifically, two companies in the group, the Trump Corporation and the Trump Payroll Corporation, are accused of providing financial or in-kind benefits to senior executives by hiding them from tax authorities to avoid paying taxes from 2005 to 2018.
Among them is Alan Weiselberg, the company’s former historic finance director and closest to Donald Trump, who pleaded guilty to fifteen counts and was sentenced Tuesday to five months in prison and a two million dollar fine in the same case.
When his sentence was announced, the 75-year-old Mr. Trump, who began working in 1973 as Donald Trump’s father’s accountant. Weiselberg left in handcuffs to Rikers Island jail to serve his sentence.
“Total coffee junkie. Tv ninja. Unapologetic problem solver. Beer expert.”