The Damage Report
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Trump's Lawyers STUNNED By Catastrophic Financial Bombshell
Posted
January 13, 2023
Views
340,336
Likes
7,149
Comments
1,330
Engagement
2.49%
January 13, 2023
340,336
7,149
1,330
2.49%
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6:33Now PlayingDonald Trump gets hit with the maximum fine for his company, the Trump Organization, on a felony tax fraud conviction. John Iadarola and Brett Erlich break it down on The Damage Report.
Read more here:
Trump’s Company Gets Maximum Punishment for Evading Taxes
"Former president Donald J. Trump’s family real estate business was ordered on Friday to pay a $1.6 million criminal penalty for its conviction on felony tax fraud and other charges, a stinging rebuke and the maximum possible punishment.
The sentence, handed down by a judge in State Supreme Court in Manhattan, caps a lengthy legal ordeal for Mr. Trump’s company, the Trump Organization, which was convicted in December of doling out off-the-books perks to some of its top executives. One of the executives who orchestrated the scheme, Allen H. Weisselberg, pleaded guilty and testified at the company’s trial. He was sentenced on Tuesday to serve five months at the notorious Rikers Island jail complex.
The financial penalty is a pittance to the company, and the former president, who collected hundreds of millions of dollars in revenue each year while in office. But the verdict branded the company a lawbreaker, exposed a culture that nurtured illegality for years and handed political ammunition to Mr. Trump’s opponents. Prosecutors also continue to press a criminal investigation against the man himself."
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