Former US President Donald Trump's real estate group has been fined $1.6 million in New York for tax violations.
A court in Manhattan imposed the maximum penalty on Friday.
It was the first time the company had been convicted of a crime.
He was found guilty on all 17 charges.
Ex-President Trump himself was not charged.
The convicted Trump Organization wants to appeal the decision, according to a lawyer.
However, the small amount of the fine compared to federal penalties for corporate crimes is due to limitations under New York State law.
The real penalty, according to legal experts, lies in the potential long-term repercussions on the former president's company, beyond damaging his reputation and barring him from coveted deals, bank loans and government contracts.
In December, the court found the Trump Organization guilty of planned tax fraud.
At the center of the proceedings were allegations that the Trump Organization had paid personal expenses for top managers such as their ex-CFO Allen Weisselberg.
The allegations relate to a period from 2005. Top managers are said to have received monetary benefits, which were not disclosed to the tax authorities.
Weisselberg, for example, received a luxury apartment in Manhattan, two Mercedes company cars for himself and his wife, and school fees for his grandchildren.
The Trump Organization operates hotels, golf courses, and other properties around the world.
Weisselberg was sentenced on Tuesday to five months in prison, five years' probation and a fine of more than two million dollars for tax fraud.
The 75-year-old pleaded guilty in August to 15 years of tax evasion with Trump's family business.
During his presidency, he helped run his real estate empire.
The Manhattan District Attorney's Office has closed its investigation into the case, but is investigating further into Trump's business practices.