NEW YORK — Former President Donald Trump wasn’t facing prison time when a Manhattan jury convicted his Trump Organization this week in a tax fraud scheme that stretched back more than 15 years.
And the penalties are relatively paltry: a possible fine of $1.62 million along with a brief jail sentence for longtime Chief Financial Officer Allen Weisselberg, who cut a plea deal in exchange for his testimony.
But the defeat could still loom large for Trump as he seeks to make a stunning political comeback and restore the luster to his tarnished business empire.