A New York judge on Friday fined Donald Trump’s family business the maximum penalty possible of $1.6 million for committing tax fraud.
The sum, paltry to the billionaire real estate developer’s amassed fortune, is nevertheless symbolically significant as the ex-president’s eyes the White House again amid a host of legal woes.
The Trump Corporation and Trump Payroll Corp., entities of the Trump Organization, were found guilty last month of running a years-long scheme to defraud and evade taxes through falsifying business records.
They were convicted on all 17 counts following a trial, marking the first time the companies had ever been found guilty of crimes.
Trump himself was not charged but the verdict inflicted further reputational damage as he seeks the Republican nomination for the presidency in 2024
