Trump Loses Millions
This is a mess.
The New York Supreme Court has ordered former President Donald Trump’s business the Trump Organization to pay $1.6 million after they found the business to be guilty for a series of tax fraud-related felonies.
According to Fox, the Trump Organization will now pay $1.6 million in fines. When broken down by offenses, the Trump Organization is paying $800,000 for each of the entities found guilty in the case and they have just 14 days to pay the fines.
Manhattan district attorney prosecutors were able to successfully prove that Trump’s company dodged significant tax obligations by giving their high-level associates expensive perks for working in the business.
The Trump Organization’s employees were given Luxury cars, apartments, private school tuition that we labeled as “off the books” gifts which the court said was illegal.
The New York jury which was tasked with determining the Trump Organization’s innocence only took 10 hours to make their final decision.
Donald Trump has condemned the ruling and has said that New York Democrats were targeting him because he is running for the presidency in 2024.
