The Trump Organization was recently hit with a hefty fine of $1.6 million for evading taxes on lavish job perks, and an associate is going to end up serving time. This is not the first time the company has been involved in a legal scandal, and it is unlikely to be the last.
The former Trump Organization Chief Financial Officer, Allen Weisselberg, plead guilty to evading taxes on $1.7 million in compensation and was sentenced to five months in jail. It is worth noting that a person convicted of the same crimes would have faced years in prison, but the only penalty that could be imposed on the Trump Organization was a fine.
The Trump Organization denied wrongdoing and said it would appeal, and stated that Allen Weisselberg is a victim. The company is also facing a civil lawsuit from New York Attorney General Leticia James over alleged misappropriation of assets.
The Trump Organization has been involved in legal scandals for years, and this recent fine is just another example. While it may seem like a slap on the wrist, it is still a significant financial penalty, and is serving as a reminder from government oversight boards that no company is above the law. The company is still facing the civil lawsuit, so the legal troubles are far from over.
In the end, this case shows that there are consequences for breaking the law, regardless of who you are. The Trump Organization has been put on notice that they cannot get away with evading taxes or misappropriating assets. It will be interesting to see if the company can avoid any more legal troubles in the future.