Long-shot Republican presidential candidate John Anthony Castro, 40, has been indicted on 33 felony counts of aiding and assisting in the preparation and presentation of a false and fraudulent tax return, as reported by several sources. These charges can reportedly land the former presidential hopeful in prison for up to three years. Mr. Castro was […]
Tag: tax fraud
Trump Organization Fined $1.6 Million for Tax Fraud
Donald Trump’s business was fined $1.6 million on Friday for a plan in which the former president’s senior employees avoided paying personal income taxes while receiving opulent benefits. This is a symbolic, very little setback for a corporation with billions of dollars in assets. After the Trump Organization was found guilty of 17 tax offenses, including conspiracy and fabricating company records, last month, the judge could only impose a punishment on it.
The amount ordered by Judge Juan Manuel Merchan was double the taxes that a select group of executives were able to dodge on advantages like rent-free residences in Trump buildings, high-end vehicles, and private school tuition. It was the maximum amount permitted by law.
NY Jury Finds Trump Organization Guilty On All Counts of Tax Fraud
A Manhattan jury convicted two subsidiaries of the Trump Organization of 17 crimes on Tuesday, including tax fraud, falsifying business records, and criminal tax fraud. The charges are related to a 15-year-long scheme to defraud tax authorities by failing to report and pay taxes on compensation for top executives.
