The Trump Organization is expected to be fined up to $1.6 million on Friday when a New York judge convicts it of running a 15-year-old tax fraud scheme that prosecutors say top company executives orchestrated by pure greed.

Trump Corp. and Trump Payroll Corp., both subsidiaries of the Trump Organization, were convicted last month on 17 counts, including conspiracy, criminal tax fraud and falsifying business records.

Manhattan District Attorney Alvin Bragg said after the verdict that for too long companies had gotten away with «a scheme that gave high-level executives lavish perks and compensation while intentionally hiding the benefits from authorities.» tax to avoid paying taxes. He said the verdicts held them to account «for their longstanding criminal scheme.»

The only person charged in the scheme was the company’s former CFO, Allen Weisselberg.

Weisselberg, 75, pleaded guilty in August and became the prosecution’s main witness during the week-long trial, describing how top employees and the company evaded paying the taxes they owed.

Weisselberg was also the largest personal beneficiary of the scheme, prosecutors said. He collected $1.76 million in «indirect employee compensation,» including a free apartment, expensive cars, private school tuition for his grandchildren, and new furniture. Other executives received similar benefits and were paid bonuses as independent contractors, saving the company money in payroll taxes, Weisselberg testified.

Weisselberg was sentenced this week to five months in jail on Rikers Island. He could have faced up to 15 years in prison if he had been convicted at trial.

Weisselberg and the company were first charged in June 2021 after a year-long investigation into the company’s business practices by the Manhattan district attorney’s office and the state attorney general’s office.

At trial, company lawyers painted Weisselberg as the only bad actor and argued that other executives, as well as Trump, did not know what he was doing.

“This case involved Allen Weisselberg committing tax fraud on his personal tax returns. All the witnesses repeatedly testified that President Trump and the Trump family knew nothing about Allen Weisselberg’s actions,» Trump’s attorney Susan Necheles said after the verdict.

Trump said in a statement last month that he was «disappointed» with the verdict and planned to appeal.

The $1.6 million in fines the district attorney was seeking is the maximum allowed under the applicable statutes in the case. Experts have said the biggest problem for the company is the conviction, because it could affect the ability of the Trump Organization to obtain bank loans.

The Trump Organization faces other legal problems in the state. State Attorney General Letitia James filed a $250 million civil lawsuit alleging the company had been inflating its financial statement value to banks and insurers by billions of dollars.

The judge in charge of that case issued an order preventing the company from transferring assets without court approval and appointed a independent monitor to oversee the financial statements of the company.

Trump has complained that the actions of the district attorney and the attorney general are part of the «witch hunt» against him.