• Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
THE SOURCE
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • Foreign
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • Foreign
  • Parliament
No Result
View All Result
THE SOURCE
No Result
View All Result
Home News

Judge sentences Trump Organization to pay $1.6 million penalty for tax fraud conviction

The Source by The Source
January 13, 2023
in News
0
0
SHARES
1
VIEWS
Share on Facebookshare on whatsappShare on Twitter


Two Trump Organization companies were ordered to pay a $1.6 million fine at sentencing Friday, after a jury last month unanimously found them guilty of 17 counts related to tax fraud. The fine imposed by Judge Juan Merchan was the maximum penalty allowed in the case — double the amount of the taxes avoided.

Executives at the two companies called the Trump Corporation and Trump Payroll Corporation were found to have illegally reduced payroll liability through a variety of schemes, including giving executives untaxed bonuses and high-end perks worth millions.

The company’s longtime former chief financial officer, Allen Weisselberg, was sentenced Tuesday to five months in New York City’s Rikers Island jail. Weisselberg entered a guilty plea in August and testified against the company as part of a deal with prosecutors.

Former President Donald Trump was not charged in the case, but Manhattan District Attorney Alvin Bragg has said Trump remains under investigation.

At the sentencing hearing Friday, Manhattan Assistant District Attorney Joshua Steinglass said the companies’ conduct “can only be described as egregious.” And he asserted, “A number of these actions were implicitly sanctioned from the top down.”

Defence attorney Susan Necheles reiterated that the companies will be appealing the conviction.”The D.A., as usual, or again, does not understand the tax law, and that was part of what was wrong in this case,” she said.

Weisselberg’s three days of testimony included detailed descriptions of several methods used by the company and its executives to skate on taxes. He also said that Trump and two of his children played a role by signing checks in some of the schemes, though he denied that they authorized or conspired in the fraud. Steinglass said during the trial that the evidence and Weisselberg’s testimony showed Trump “explicitly sanctioning tax fraud.”

Defence attorneys said Trump was unaware of the schemes playing out beneath him, while prosecutors said he signed off on them.

The Trump Organization’s lawyers said Trump and his company were “betrayed” by Weisselberg, saying repeatedly, “Weisselberg did it for Weisselberg.”

READ FROM ALSO NIGERIAN TRIBUNE 

 

Previous Post

Paying tithe from sports betting is bribe before God — Bamiloye

Next Post

CJN, Makinde, others attend valedictory court session for Oyo CJ

The Source

The Source

Related Posts

Deputy Governor Manir Muhammed Dan Iya and Tambuwal
News

Sokoto deputy governor dumps PDP weeks to election

by The Source
February 9, 2023
Christopher Imumolen, Peter Obi, Atiku Abubakar, Bola Tinubu, Bola Tinubu
News

Obi, Atiku, Tinubu, let youth rule; I’m youngest presidential candidate: Imumolen

by The Source
February 9, 2023
2023: EU Election Observation Mission Seeks Partnership With OOPAN
News

2023: EU Election Observation Mission Seeks Partnership With OOPAN

by The Source
February 9, 2023
News

I’m a good cook; cooking doesn’t keep a home — BBNaija’s Bella

by The Source
February 9, 2023
APC Flag
News

Hundreds defect to APC in Kwara LG

by The Source
February 9, 2023
Next Post

CJN, Makinde, others attend valedictory court session for Oyo CJ

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Crime
  • Economics
  • Education
  • Entertainment
  • Foreign
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World

Browse by Tags

Abuja Adeleke Anambra APC Aregbesola Atiku Bandits BBNaija Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS IGP INEC Kaduna Lagos Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun Government Osun govt Osun Poly Osun State Oyetola Oyo PDP Police SDP Senate Sunday Igboho Tinubu Tunde Odesola US

Categories

  • Business
  • Crime
  • Economics
  • Education
  • Entertainment
  • Foreign
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World

Sponsored

Browse by Tag

Abuja Adeleke Anambra APC Aregbesola Atiku Bandits BBNaija Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS IGP INEC Kaduna Lagos Nigeria Nigerian Nigerians NUJ Ondo Ooni Osinbajo Osogbo Osun Osun 2022 Osun Government Osun govt Osun Poly Osun State Oyetola Oyo PDP Police SDP Senate Sunday Igboho Tinubu Tunde Odesola US

Recent Posts

  • Sokoto deputy governor dumps PDP weeks to election
  • Obi, Atiku, Tinubu, let youth rule; I’m youngest presidential candidate: Imumolen
  • 2023: EU Election Observation Mission Seeks Partnership With OOPAN

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • Foreign
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In