Former president’s business empire fined $1.6m after being convicted last month on 17 charges including falsifying records
Two entities from his sprawling real estate group were convicted last month on 17 charges, such as tax fraud and falsifying business records – the Trump Corp core business and Trump Payroll Corp.law, the most the companies could have been fined was about $1.6m – a drop in the bucket for the longstanding business empire of Trump and his family.
He added: “Chief financial officer Allen Weisselberg, the Trump Corporation, and the Trump Payroll Corp conducted and benefited from sweeping fraud for well over a decade. The Trump Organization’s sentencing does not end Trump’s battle with Bragg, who said the sentencing “closes this important chapter of our ongoing investigation into the former president and his businesses. We now move on to the next chapter.”
At the same time, New York’s attorney general, Letitia James, is suing Trump and the Trump Organization,banks and others about the value of its many assets, including golf courses and skyscrapers.
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