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Reuters

Business

By Karen Freifeld and Jonathan Stempel

Donald Trump's company sentenced to pay $1.61 million penalty for tax fraud

Donald Trump Donald Trump Jr. Eric Trump Ivanka Trump Allen Weisselberg Alvin Bragg Juan Merchan Letitia James Trump Organization Manhattan

FILE PHOTO: Former U.S. President Donald Trump speaks during a rally in Commerce, Georgia, U.S. March 26, 2022. REUTERS/Alyssa Pointer

A New York judge on Friday sentenced Donald Trump's namesake real estate company to pay a $1.61 million criminal penalty after it was convicted of scheming to defraud tax authorities for 15 years.

Justice Juan Merchan of the Manhattan criminal court imposed the sentence, the maximum possible under state law, after jurors found two Trump Organization affiliates guilty of 17 criminal charges last month.

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