March 03, 2025 01:23 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Crucial to have Trump’s support, says Zelenskyy a day after fiery White House exchange | 'We're looking for peace, Zelenskyy wants Russia-Ukraine war to continue': Donald Trump after White House public spat | Volodymyr Zelenskyy refuses to apologise to Donald Trump after public spat over Russia-Ukraine war | 'Make a deal or we are out': Donald Trump tells Volodymyr Zelenskyy at White House | Himachal govt seeks fund from temple to support welfare schemes, BJP calls move 'shocking' | Injustice to opposition MLAs: Atishi writes to Delhi Assembly Speaker on suspension of 21 AAP lawmakers | We will leave for US tomorrow: Father of Indian student Neelam Shinde after urgent visa grant | 'Not joining BJP or floating any party': Abhishek Banerjee dismisses rumours of his split from TMC | Pune bus rape accused arrested after 75-hour manhunt | Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief
Donald Trump
Image Credit: Wallpaper cave

US judge fines Donald Trump's family business for 1.6 million dollars over tax fraud

| @indiablooms | Jan 14, 2023, at 05:26 am

Washington/IBNS: A New York judge Friday fined ex-US President Donald Trump's family business with the maximum penalty available of $1.6 million for committing tax fraud.

The sum is symbolically significant as the ex-president's eyes come back to power again amid a host of legal woes.

This comes after Trump Corporation and Trump Payroll Corp., entities of the Trump Organization, were found guilty last month of running a years-long scheme to defraud and evade taxes through falsifying business records.

They were all convicted following a trial, marking the first time the companies had ever been convicted of crimes.

Trump himself has not been charged but the verdict is seen as having the potential for reputational damage since he seeks the Republican nomination for the presidency in 2024.

"While corporations can't serve jail time, this consequential conviction and sentencing serves as a reminder to corporations and executives that you cannot defraud tax authorities and get away with it," said Manhattan District Attorney Alvin Bragg, who prosecuted the case.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.