Former President Donald Trump's namesake family real estate firm was sentenced to the maximum allowable fine Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud. Judge Juan Merchan imposed the maximum sentence and scolded the defense for continuing to blame the company’s accountant for the fraud. (John Minchillo/AP, FILE)Prosecutors said the Trump Organization arranged for Weisselberg and other company executives to receive part of their compensation in perks, like private school tuition and car payments, to evade taxes. In addition to the fine, the Trump Organization faces potential collateral consequences that could be more severe if banks call in loans or business partners cancel contracts due to internal clauses that prohibit doing business with felons. Trump Organization sentenced to maximum fine following tax fraud conviction originally appeared on abcnews.go.com

Source: ABC News January 13, 2023 13:46 UTC