'The sheer magnitude of this fraud merits the largest financial sanction authorized by law,' Joshua Steinglass said. 'The defendants cultivated a pervasive culture of fraud.'
A judge in Manhattan sentenced the Trump Organization on Friday to for a "multi-dimensional scheme" to evade taxes.While a prosecutor, 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 scheme helped former chief financial officer Allen Weisselberg alone evade nearly $2 million in taxes by compensating him off-the-books in the form of rent, car leases and private school tuition payments. Weisselberg has paid back his unpaid taxes plus interest and was sentenced this week to five months in jail.
"A number of these fraudulent practices were explicitly sanction from the top down," Steinglass said during the sentencing hearing.
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