Neither the former president nor his children, who helped run and promote the Trump Organization, are expected to be in the courtroom for the sentencing hearing. AdvertisementBecause the Trump Organization is a corporation and not a person, a fine is the only way a judge can punish the company after its conviction last month for 17 tax crimes, including charges of conspiracy and falsifying business records. Besides the company, only one executive was charged in the case: former Trump Organization Chief Financial Officer Allen Weisselberg, who pleaded guilty last summer to evading taxes on $1.7 million in compensation. The criminal case involved financial practices and pay arrangements that the company halted when Trump was elected president in 2016. The company’s fine will be barely a dent in the bottom line for an enterprise with a global portfolio of golf courses, hotels and development deals.

Source: Huffington Post January 13, 2023 11:31 UTC