A New York judge ordered Donald Trump's real estate firm to pay a $ 1.61 million fine for tax fraud on Friday after being found guilty of 15 years of tax fraud conspiracy. Justice Juan Merchan of the Manhattan criminal court handed down the punishment last month after two members of the Trump company were found guilty of 17 felonies, which was the most allowed by state law.After testifying as the prosecution's key witness, Merchan sentenced Allen Weisselberg, who spent 50 years working for Trump's family and served as the organization's chief financial officer was sentenced to five months in prison, this Tuesday. Donald Trump-Donald Trump
One of the defense attorneys, Susan Necheles, stated that Trump's business intends to appeal. Nobody else was indicted. The prosecution was brought by the Manhattan District Attorney Alvin Bragg, whose office is still looking into Trump's financial operations.According to Bragg, "this important section of our continuing inquiry into the previous president and his enterprises is now closed with the sentencing today and earlier this week. We'll move on to the next chapter right away."One of the prosecutors, Joshua Steinglass, seemed to grieve the severity of the sentence, telling Merchan that the fine represented only a "small percentage" of the money earned by the Trump organization. Companies cannot be imprisoned or sentenced to jail. Donald Trump-Donald Trump
Incorrect RoundingWhite-collar crime expert Bill Black of the University of Missouri-Kansas City School of Law described the punishment as a "rounding error" that provides "zero" deterrence. He declared, "This is a farce. This sentence won't deter anyone from committing crimes of this nature."The former Republican president has long considered the case an attempt by Democrats to discredit him and his political views.Letitia James, the state's attorney general, has also filed a $250 million civil case against Trump, along with his adult children, Donald JR, Ivanka, and Eric charging them with misrepresenting their assets and their father's net worth to avoid paying insurance and loan fees."Sanctioned from The Top Down" FraudProsecutors presented evidence during a four-week trial that Trump's business paid executives' costs, including rent and car lease, without disclosing them as revenue and that it falsely claimed that Christmas bonuses were non-employee remuneration.According to the Prosecution, Trump personally authorized payment for the CFO's grandchildren's private school tuition and bonus checks and leased for Weisselberg's opulent Manhattan apartment.At the hearing on Friday, Steinglass stated that "a number of these dishonest activities were sanctioned from the top down." Weisselberg claimed that Trump was not involved in the fraud plot while testifying on behalf of the government and declined to cooperate with Bragg in his larger probe of the former president.Weisselberg was on paid leave until last week when the Trump organization cut its relations with him. His lawyer claimed the separation, which was made public on Tuesday, was amicable. The renowned Rikers Island prison in New York City is where Weisselberg, age 75, is presently incarcerated.In addition to the investigations into the attack on the U.S. Capitol on January 6, 2021, his retention of confidential documents after leaving the White House, and his attempts to have his Georgia election loss in 2020 overturned, Trump also faces other legal issues.Do visit our website for more such news where we share The True Stories of The World, TopStoriesWorld.com
Donald Trump-Donald Trump
One of the defense attorneys, Susan Necheles, stated that Trump's business intends to appeal. Nobody else was indicted. The prosecution was brought by the Manhattan District Attorney Alvin Bragg, whose office is still looking into Trump's financial operations.
According to Bragg, "this important section of our continuing inquiry into the previous president and his enterprises is now closed with the sentencing today and earlier this week. We'll move on to the next chapter right away."
One of the prosecutors, Joshua Steinglass, seemed to grieve the severity of the sentence, telling Merchan that the fine represented only a "small percentage" of the money earned by the Trump organization. Companies cannot be imprisoned or sentenced to jail.
Donald Trump-Donald Trump
Incorrect Rounding
White-collar crime expert Bill Black of the University of Missouri-Kansas City School of Law described the punishment as a "rounding error" that provides "zero" deterrence. He declared, "This is a farce. This sentence won't deter anyone from committing crimes of this nature."
The former Republican president has long considered the case an attempt by Democrats to discredit him and his political views.
Letitia James, the state's attorney general, has also filed a $250 million civil case against Trump, along with his adult children, Donald JR, Ivanka, and Eric charging them with misrepresenting their assets and their father's net worth to avoid paying insurance and loan fees.
"Sanctioned from The Top Down" Fraud
Prosecutors presented evidence during a four-week trial that Trump's business paid executives' costs, including rent and car lease, without disclosing them as revenue and that it falsely claimed that Christmas bonuses were non-employee remuneration.
According to the Prosecution, Trump personally authorized payment for the CFO's grandchildren's private school tuition and bonus checks and leased for Weisselberg's opulent Manhattan apartment.
At the hearing on Friday, Steinglass stated that "a number of these dishonest activities were sanctioned from the top down." Weisselberg claimed that Trump was not involved in the fraud plot while testifying on behalf of the government and declined to cooperate with Bragg in his larger probe of the former president.
Weisselberg was on paid leave until last week when the Trump organization cut its relations with him. His lawyer claimed the separation, which was made public on Tuesday, was amicable. The renowned Rikers Island prison in New York City is where Weisselberg, age 75, is presently incarcerated.
In addition to the investigations into the attack on the U.S. Capitol on January 6, 2021, his retention of confidential documents after leaving the White House, and his attempts to have his Georgia election loss in 2020 overturned, Trump also faces other legal issues.
Do visit our website for more such news where we share The True Stories of The World, TopStoriesWorld.com
