The Trump Organization was fined $1.6 million for running a decade-long tax fraud scheme.
A New York judge handed down the penalty for 17 felonies, including tax fraud and falsifying business records today.
What a farce!
Fining the Trump Organization, a measly million bucks is chump change. Even worse, political pundits point out that Trump may be able to write the fine off on his income taxes!
In other words, this penalty (if you can call it that) isn't going to cost Trump a penny. It'll be a push on his books. Not to mention that Trump himself suffered no consequences for his own company's criminality.
This is not justice.
The prosecutor Joshua Steinglass admitted that the penalty will have minimal impact on a multi-million-dollar company.
If that's a fact, why was this investigation ever launched? It cost taxpayers millions to convict the Trump Crime family only to see a ridiculously small penalty and no accountability for Trump and his corrupt children.
New York District Attorney Alvin Bragg told reporters after the court's decision that the fine wasn't big enough.
"I want to be very clear - we don't think the fine was appropriate. Our laws in this state need to change in order to capture this type of decade-plus systemic, egregious fraud," Bragg told reporters.
What we now know.
--Trump's real estate business is not at risk of being dismantled because there is no mechanism under the law to dissolve the company.
--Trump and his family were not charged with any crimes.
--The Manhattan district attorney's office is continuing to investigate the company's business practices.
--The biggest threat to the Trump Organization is currently New York Attorney General Letitia James $250 million-dollar civil lawsuit against Trump and his children.
--James is seeking to permanently bar Trump and his offspring from serving as director of a business registered in New York State.
She's also seeking to cancel the Trump Organization's corporate certificate, which if granted by a judge, could effectively force the company to cease operations in New York state.
--The trial won't be until October.
It appears James's case against the Trump crime family will have more teeth to the possible penalties for conviction.
But there's still one glaring omission... Trump and his family aren't personally going to suffer for their crimes. No jail time. Just some hits on their finances which we now know can be written off on their tax statements.
As it stands, when will Teflon Don actually be held accountable for his serial state and federal crimes? It sure doesn't look like it's going to be soon.
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