1/13/2023
Prosecutor Joshua Steinglass asked Judge Juan Merchan to make the Trump Org. pay the maximum fine, though he admitted that it will have a “minimal impact” on a multibillion-dollar company.
“We all know that these corporations cannot go to jail as Allen Weisselberg has,” Steinglass said Friday, referring to the Trump Organization’s long-time chief financial officer who was sentenced to five months in jail earlier this week as part of a deal he reached with prosecutors. “The only way to effectively deter such conduct is to make it as expensive as possible.”
New York District Attorney Alvin Bragg said Friday that the fine against the Trump Org. is important but he also wants lawmakers to raise the fines for companies that break the law.
“This conviction was,” Bragg said outside of the courtroom Friday, “was consequential, the first time ever for criminal conviction of former President Trump’s companies, and indeed I would go so far as to say the first time ever for any former president certainly in my lifetime.”
But, Bragg added, the fine isn’t enough of a penalty.
“I want to be very clear – we don’t think that is enough. Our laws in this state need to change in order to capture this type of decade-plus systemic, egregious fraud,” Bragg said.
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