Trump Organization Fined $1.6 Million For Tax Fraud

HIALEAH, FL - APRIL 16:  U.S. President Donald Trump speaks during a roundtable discussion about the Republican $1.5 trillion tax cut package he recently signed into law on April 16, 2018 in Hialeah, Florida.  Trump was joined by local business owners as well as Treasury Secretary Steven Mnuchin, Labor Secretary Alex Acosta.  (Photo by Joe Raedle/Getty Images)

At a glance

  • A Manhattan judge ordered former president Donald Trump’s family business to pay $1.6 million in fines Friday — the maximum allowable for the Trump Organization’s conviction on 17 counts of fraud last month.
  • Judge Juan Merchan imposed fines on two Trump Org subsidiaries — The Trump Corporation, fined $810,000, and The Trump Payroll Corp., fined $800,000.
  • The fine is the maximum penalty for the convictions last month allowable under the law.
  • The companies’ conduct “can only be described as egregious,” Assistant District Attorney Joshua Steinglass said.

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