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France 24
France 24
World
NEWS WIRES

Trump Organization fined $1.6 million for tax fraud

Former President Donald Trump departs Trump Tower, Wednesday, August 10, 2022, in New York, on his way to the New York attorney general's office for a deposition in a civil investigation. © Julia Nikhinson, AP/File picture

Donald Trump’s company was fined $1.6 million Friday for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets.

A fine was the only penalty a judge could impose on the Trump Organization after its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.

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