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The Trump Organization was fined $1.6 million

The Manhattan Attorney General said, in a statement, that the Trump Company, the family business of former US President Donald Trump, imposed a fine of up to $ 1.6 million in New York on Friday for financial and tax fraud.

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The American billionaire group, the Republican Party’s candidate for the 2024 presidential election, has been tried on charges of tax evasion and falsifying accounting returns, especially with the aim of concealing financial compensation from some senior leaders from the tax services. .

This is the first criminal act of the former US president’s group (2017-2021), which includes golf clubs, luxury hotels and real estate. The Trump Organization is awaiting a larger civil trial in 2023 in a different financial fraud case.

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“Today, former President Trump’s businesses were fined the maximum fines permitted by law following historic convictions for a total of 17 felonies,” Attorney General Alvin Bragg said in a statement.

Specifically, two companies in the group, Trump Corporation and Trump Payroll Corporation, were accused of giving financial or in-kind benefits to senior executives, and concealing them from tax authorities to avoid paying taxes, from 2005 to 2018.

Among them, the company’s former historical chief financial officer, Allen Weisselberg, is very close to Donald Trump, who pleaded guilty to fifteen counts and was sentenced Tuesday in the same case to five months in prison and a fine of more than two million dollars.

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Upon announcing his sentence, Mr. Weisselberg, 75, who began working in 1973 as an accountant for Donald Trump’s father, left handcuffed towards Rikers Island Jail to serve his sentence.