The U.S. judiciary imposes a heavy fine on the Trump Organization.

The U.S.

judiciary imposes a heavy fine on the Trump Organization.

Manhattan Attorney General Alvin Prague announced in a statement Friday that the judiciary had sentenced the "Trump Organization" owned by the family of former U.S. President Donald Trump.

The Manhattan prosecutor said the New York court sentenced the "Trump Organization" to a maximum fine of 1.6 million euros for financial and tax irregularities.

Trump's GOP candidate group was prosecuted in

the 2024 presidential election on charges of financial wrongdoing and falsifying accounting statements with the aim of concealing financial rewards paid by some of its senior officials to the IRS.

In December

A New York jury determined that the previous President's

Trump Organization group guilty of fraud and tax evasion.

Manhattan's attorney general said it was the first ruling based on penal law on Trump's group of golf clubs, luxury hotels and real estate.

Although the amount is relatively small compared to the size of the company

the ruling constitutes a judicial setback for the former president (2017-2021), formally nominated for the 2024 presidential election.

Cynical of the judiciary.

Trump appeals his company's tax evasion conviction

and considers persecution campaign against him

Former US President Donald Trump ridiculed his country's judiciary, arguing that the decision to convict his family company of financial and tax fraud was part of a "campaign of persecution" against him.

The former President confirmed that he would file an appeal against the judgement.

In a statement entitled "Campaign of Persecution,"

Trump said that the judicial system "has been examining millions of pages of documents for many years while murders and violence have reached record levels in New York."

According to a Trump Organization spokeswoman

Wesselberg said under oath that he had betrayed the trust that society had placed in him, and that he had worked at all times only for personal gain and greed.

In a statement that AFP received a copy of, Susan Nikkelis, a lawyer for the Trump Organization, said, "We are not in agreement with this ruling and will file an appeal."

A jury in New York found The Trump Organization guilty.

• the former president's group

• guilty of fraud and tax evasion in a development that

• is a setback for the Republican billionaire aspiring to return to the White House.

Manhattan Attorney General Alvin Prague said in a statement that it was the first ruling based on penal law on the US billionaire's group of golf clubs, luxury hotels and real estate.

Although he is not personally prosecuted

and the penalty

He might be subject to a fine of up to $1.5 million.

• a tiny sum in comparison to the size of the business

• this ruling constitutes a judicial setback for

• the former President (2017-2021)

• formally nominated for the 2024 presidential election.

Attorney General Alvin Prague

an elected Democrat

• said the Manhattan court jury that withdrew to deliberate

• more than a month after the hearings confirmed that Trump Corporation

• and Trump Bayrol Corporation were guilty of all 17 counts.

The judgement will be delivered on 13 January 2023

as announced by the Public Prosecutor's Office.

The companies were prosecuted on charges of tax evasion

and falsification of accounting statements

with the aim of concealing financial rewards for some senior officials from the IRS

in particular the former Chief Financial Officer, Allen Weisselberg

who admitted the charges against him and testified at trial.

The two companies have evaded 13 years of law by giving high-level executives generous benefits and compensation while deliberately concealing these privileges from tax authorities to avoid paying taxes. Prague said, speaking of greed and fraud.

Wesselberg, 75

pled guilty to 15 tax fraud offenses.

and tax evasion related to $1.76 million of undeclared income between 2005 and 2021.

The septuagenarian :

• an old friend of the Trump family

• also admitted in court testimony that he had benefited

• from in-kind privileges not authorized for the IRS

from a condominium in a wealthy Manhattan district to

renting Mercedes for him and his wife and cash for his holiday.

Donald Trump is facing a number of lawsuits but has not yet been charged.