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."While corporations can’t serve jail time, this consequential conviction and sentencing serves as a reminder to corporations and executives that you cannot defraud tax authorities and get away with it," Bragg said.Other executives received similar perks and were paid bonuses as independent contractors, saving the company money in payroll taxes, Weisselberg testified.State Attorney General Letitia James has filed a $250 million civil suit alleging that the company had been inflating its worth in financial statements to banks and insurers by billions of dollars.The judge overseeing that case has issued an order blocking the company from transferring assets without court approval and appointed an independent monitor to oversee the company's financial statements."