Donald Trump's two companies found guilty in Tracks Fraud will have to pay heavy fines

Posted on 7th Dec 2022 10:00 am by rohit kumar

Former US President Donald Trump has received another setback from the court. Two of Trump's companies were convicted of fraud. A case filed by the Manhattan District Attorney found two of Trump's corporate entities guilty on all 17 counts, including tampering with business records, according to news agency ANI. Trump's companies were alleged to have avoided paying personal income tax on rent-free apartments and luxury cars and perks of the job.

 

Trump was not personally indicted

According to news agency ANI, Trump Corp and Trump Payroll Corp were convicted of cheating. However, Donald Trump has not been indicted personally. Former President Trump was also mentioned several times during the court case. According to CNN, Trump's company could face a fine of $1.61 million. Significantly, the company will not be closed.

 

Let us tell you that Donald Trump recently announced that he will enter the 2024 election field, after which he has been in the headlines. Trump is also continuously targeting the opposition.

 

Also Read: US: Former President Donald Trump said to abolish the US Constitution, White House condemned

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