Trump Group of Companies fined $1.6 million for tax evasion

Former US President Donald TrumpThe Trump Group of Companies, which is headed by Trump, was fined $1.6 million today after being found guilty of tax evasion last month.

The New York Judge hearing the case is Trump Inc., two subsidiaries of the Trump Group of Companies. and Trump fined $1.6 million to Salary and Accounting.

According to New York law, companies can be fined a maximum of $ 1.6 million as a result of similar tax evasion and fraud cases.

It is noted that the Trump Group of Companies can easily pay this fine, but due to his felony conviction, his ability to obtain loans and tenders may be affected from now on.

It is not expected that Trump or any of his family members will be punished for this lawsuit.

On the other hand, New York Attorney General Letitia James filed a 250 million dollar bill against Trump, her three eldest children and senior executives, alleging that “the value of assets such as skyscrapers and golf courses belonging to the Trump Organization has been misrepresented in the financial statements for more than 10 years”. A separate investigation is ongoing.


In 2018, the Manhattan District Attorney’s Office launched an investigation into issues such as business practices at Trump’s companies, unregistered bonuses, possible fraud in property valuations, and irregularities in tax payments.

The Chief Public Prosecutor’s Office formed a jury to decide whether to file a criminal case based on the evidence collected within the scope of the investigation, which lasted more than 2 years, and the jury decided to open the case.

At the end of the trial, which began on October 31, 2022, in New York Federal Court, Trump Group of Companies was found guilty by the jury on all 17 charges related to tax evasion on December 7, 2022.

The company’s chief financial officer, Allen Weisselberg, who was among the accused, refused to cooperate with the pre-trial prosecutors against Trump, but in August 2022, he was sentenced to 5 months in prison and collected approximately $1.7 million in tax debt for giving truthful testimony during the trial. reached an agreement with the prosecutors.

Weisselberg, 75, was taken to Riker Island Prison in New York the day before, where he was sentenced to 5 months in prison and a $1.7 million fine as part of the settlement.

It was stated that Weisselberg could face up to 15 years in prison if the defense does not reach an agreement with the prosecutors.

Photo: AP