The Trump Organization was ordered by a Manhattan State Supreme Court judge on Friday to pay $1.6 million, the
maximum fine allowed under the law, after it was convicted on felony tax fraud and other charges.
Former President Donald Trump's real estate company was convicted in December for giving illegal perks to executives. Allen Weisselberg, one of the top executives at the business who testified that he orchestrated the years-long scheme, pleaded guilty and testified that he received off-the-books perks during his time at the company. On Tuesday, Weisselberg was sentenced to five months at the infamous Rikers Island jail in New York.
While the financial penalty is small for a company like the Trump Organization, the verdict made it known that the company broke the law, and handed more evidence to the former president's political opponents. There is also the chance of a criminal investigation by prosecutors into Trump for his role in the financial scheme, and the former president and his family still face a $250 million civil tax fraud lawsuit from New York Attorney General Letitia James.
The Trump Organization's lawyers tried to argue for a smaller penalty on Friday by shifting the blame onto Weisselberg and outside accounting firm Mazars USA. However, Joshua Steinglass, a prosecutor for the Manhattan district attorney's office, called the company's conduct "egregious" as they carried out "a multidimensional scheme to defraud the tax authorities."...