The Trump Organization received a $1.6 million fine over its conviction in a tax fraud scheme in New York.
The fine is the maximum amount allowed under New York law, the Associated Press reported. The Trump organization is expected to appeal.
FORMER TRUMP CFO ALLEN WEISSELBERG HANDED FIVE-MONTH SENTENCE IN TAX FRAUD SCHEME
Although the maximum, the prosecution argued that the fine wasn’t enough.
Prosecutor Joshua Steinglass said the fine is only “a fraction of the revenue” of the organization and a small amount of the “far-reaching and brazen” scheme.
“All of these corrupt practices were part of the Trump Organization executive compensation package, and it was certainly cheaper than paying higher salaries to those executives,” he said.
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Trump and his family have denied any knowledge of the tax fraud scheme.
