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HomeU.S.Trump Organization sentenced to maximum fine following tax fraud conviction

Trump Organization sentenced to maximum fine following tax fraud conviction

'Quick read' news summary

Former President Donald Trump's namesake family real estate firm was sentenced to the maximum allowable fine Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud. "The sheer magnitude of this fraud merits the largest financial sanction authorized by law," Steinglass said. Judge Juan Merchan imposed the maximum sentence and scolded the defense for continuing to blame the company's accountant for the fraud.

Former President Donald Trump’s namesake family real estate firm was sentenced to the maximum allowable fine Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud.

The company will pay a fine of just over $1.6 million.

While a prosecutor, Manhattan Assistant District Attorney Joshua Steinglass, conceded the amount is a fraction of the company’s earnings, he called the scheme it was convicted of “far-reaching and brazen.”

“The sheer magnitude of this fraud merits the largest financial sanction authorized by law,” Steinglass said. “The defendants cultivated a pervasive culture of fraud.”

Judge Juan Merchan imposed the maximum sentence and scolded the defense for continuing to blame the company’s accountant for the fraud.

Trump Organization Lawyers William Brennan and Michael van der Veen exit the Manhattan Criminal Courthouse in New York City, Jan. 13, 2023.

Andrew Kelly/Reuters

“It’s not what the evidence has showed and it’s not what the jury found,” Merchan said.

He gave the company 14 days to pay.

The verdict, delivered Dec. 6, held the Trump Organization liable for the criminal conduct of some of its top executives, mainly Allen Weisselberg, the former chief financial officer who was sent to jail on Rikers Island earlier this week for arranging nearly $2 million of his compensation off the books.

Trump himself was not charged and the company’s defense attorneys said he did not know about the scheme. However, his name came

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