Trump Organization sentenced to maximum sentence for tax fraud

The family business of the former American president will have to pay a fine of $ 1.6 million, in particular for falsifications of accounting declarations, announced the Manhattan prosecutor.

MO12345LEMONDE WITH AFP

This is the maximum penalty that American justice could pronounce in this case. The family business of former American president Donald Trump, the Trump Organization, was sentenced to New York on Friday to a fine of $ 1.6 million for financial and tax fraud, the Manhattan prosecutor said in a statement.

The group of the American billionaire, candidate for the nomination of the Republican Party for the presidential election of 2024, was judged for tax fraud and falsifications of accounting declarations, in particular with the aim of hiding from the tax services of financial compensation for certain senior managers .

From October 2023, Donald Trump will appear in New York, with three of his children, Donald Jr, Eric and Ivanka, accused like them of fraudulent tax practices within the Trump Organization. But it will be a civil trial.

In this case, the New York State General Prosecutor, Letitia James, accuses the Trump family of having “deliberately” manipulated assessments of the group’s assets to obtain more advantageous loans from banks or reduce her Taxes. It claims $ 250 million in damages on behalf of the State, as well as prohibitions to direct companies for the former president and his relatives.

/Media reports cited above.