Judge orders Trump Organisation to pay $2m penalty for tax fraud
The Straits Times|January 15, 2023
NEW YORK - A New York judge on Friday ordered Mr Donald Trump's namesake real estate company to pay a US$1.61 million (S$2 million) criminal penalty after it was convicted of scheming to defraud the tax authorities for 15 years.
Judge orders Trump Organisation to pay $2m penalty for tax fraud

Justice Juan Merchan of the Manhattan criminal court imposed the sentence, the maximum possible under state law, after jurors found two Trump Organisation affiliates guilty of 17 criminal charges in December.

On Tuesday, Justice Merchan sentenced Allen Weisselberg, who worked for Mr Trump's family for half a century and was the company's former chief financial officer, to five months in prison after he testified as the prosecution's star witness.

Ms Susan Necheles, one of the defence lawyers, said Mr Trump's company plans to appeal. No one else was charged.

Manhattan District Attorney Alvin Bragg, whose office brought the case, is still conducting a criminal probe into Mr Trump's business practices.

"The sentencing today, along with the sentencing earlier this week, closes this important chapter of our ongoing investigation into the former president and his businesses," Mr Bragg said on Friday. "We now will go on to the next chapter."

Mr Joshua Steinglass, one of the prosecutors, appeared to lament the size of the punishment, telling Justice Merchan the penalty was only a "tiny portion" of the Trump Organisation's revenue.

この記事は The Straits Times の January 15, 2023 版に掲載されています。

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