Trump Organization fined $1.6M after felony convictions
A New York judge on Friday fined the Trump Organization $1.6 million after two subsidiaries, The Trump Corp. and Trump Payroll Corp., were convicted last month of 17 felonies. The companies were convicted of tax fraud, conspiracy, and falsifying business records. The fine levied against the company is the maximum possible penalty under New York law and the organization has two weeks to pay.
What happens next? Trump Organization attorney Alan Futerfas said his team plans to appeal the conviction, but the Manhattan district attorney’s office said it will continue to investigate the company’s business practices. The organization’s CFO Allen Weisselberg earlier this week was sentenced to five months in prison after pleading guilty to 15 felonies related to the tax fraud scheme.
Dig Deeper: Read Carolina Lumetta’s report in The Sift about the charges Weisselberg faced.
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