Former President Donald Trump's namesake family real estate firm was sentenced Friday in New York.
A pedestrian passes security barricades in front of Trump Tower, Feb. 17, 2021, in New York.Former President Donald Trump's namesake family real estate firm was sentenced to the maximum allowable fine Friday in New York followingWhile 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 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 officeron Rikers Island earlier this week for arranging nearly $2 million of his compensation off the books. Prosecutors said the former president sanctioned fraud. They showed the jury checks Trump signed and a memo he initialed
Prosecutors said the Trump Organization arranged for Weisselberg and other company executives to receive part of their compensation in perks, like private school tuition and car payments, to evade taxes. In doing so, prosecutors said the executives had some intent to help the company pay less in salaries, bonuses and payroll taxes.
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