How Trump Org's tax fraud conviction could bar Trump from federal contracts, even for Secret Service
Donald Trump's real-estate and golf-resort empire was found guilty on Tuesday for tax crimes committed by the company's two top financial executives, a verdict that followed a six-week trial in state court in Manhattan.
The Trump Organization now faces up to $1.6 million in penalities when it's sentenced on January 13. But there's another threatened cost, and it's something government spending watchdogs have been urging for years.
The conviction could prompt the government to bar the Trump Organization from doing business as a federal contractor, including cutting off the spigot of Trump's lucrative and critics say exorbitant billing of Secret Service agents who stay at his properties while protecting the former president and his family.
Trump is hardly the ideal government contractor as it is, watchdogs say, after his many brushes with fraud allegations and given federal regulations requiring "an impeccable standard of conduct."
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