The Trump Organization was sentenced to the maximum penalty for tax evasion

The Trump Organization was sentenced to the maximum penalty for tax evasion

This is the maximum sentence that American justice can pronounce in this case. The family business of former United States President Donald Trump, the Trump Organization, was sentenced Friday, January 13 in New York to a fine of $1.6 million (€1.48 million) for financial and tax fraud, the Manhattan District Attorney announced. Alvin Bragg.

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

“Today, former President Trump’s businesses were fined the maximum fines allowed by law after historic convictions for a total of seventeen misdemeanor offenses.”The attorney general welcomed it in a press release.

Concretely, the Trump Organization, which includes golf clubs, luxury hotels and real estate, has been accused of giving financial or in-kind benefits to senior leaders by hiding them from tax authorities to avoid paying taxes, from 2005 to 2018.

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On Tuesday, the company’s former chief financial officer, Allen Weisselberg, who is very close to Donald Trump and who pleaded guilty to 15 counts, was sentenced to five months in prison and fined more than $2 million.

From October, Donald Trump will appear in New York, along with three of his children, Donald Jr., Eric and Ivanka, who, like them, are accused of fraudulent tax practices within the Trump Organization. But it will be a civil trial.

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In this case, the New York State Attorney General, Letitia James, is accusing the Trump family of committing it “Deliberately” Manipulating the valuation of the group’s assets to obtain more beneficial loans from banks, or even to reduce their taxes. It demands $250 million in damages on behalf of the state, in addition to banning the former president and his relatives from leading companies.

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