Judge Holds Trump in Contempt With Daily $10K Fine Over Financial Investigation

Donald Trump was held contemptuously by a judge of the New York Supreme Court for failing to obey a subpoena by New York Attorney general Letitia James regarding financial records related to business practices.

Trump was ordered to surrender by the subpoena documents concerning personal statements about his company’s finances, documents regarding tax audits and information about insurance. The former president was supposed to comply with the order by March 31 — a deadline that had been agreed to by both parties — but refused to do so, claiming that he didn’t have the documents in question.

Trump will now face a fine of $10,000per day from court, which will file on Tuesday until he compliesWith the subpoena or legitimately demonstrates that his legal team does not have any record of the documents he was subpoenaed. The investigators are also seeking information from three of Trump’s mobile devices and documents from specific locations within the Trump Organization, including ones located right outside of Trump’s office.

“Mr. “Mr. I hereby hold you in civil contempt and fine you $10,000 per day until you purge that contempt,” Judge Arthur Engoron said at the hearing.

Trump’s attorney said that he plans on appealing the decision. He has denied it previously any allegations of wrongdoing and called the investigation “unconstitutional.” His legal team filed a lawsuit late last year in hopesYou can stop the inquiry.

James’s office saidTrump complained about the subpoenas around the deadline earlier in the month. Trump had already missed the March 3 deadline to submit the documents.

“The judge’s order was crystal clear: Donald J. Trump must comply with our subpoena and turn over relevant documents to my office,” James said in a statement. “Instead of obeying a court order, Mr. Trump is trying to evade it. We are seeking the court’s immediate intervention because no one is above the law.”

James’s office has been in the process of investigating Trump and his business’s finances since 2019. TheEarlier this year, James’s office began investigating Trump and his business’s finances. investigation uncoveredMazars Accounting sent a letter cut ties with the Trump Organization, claiming that the company’s financial filings for the past year were no longer reliable and that they should be recanted.

James says that the investigation was successful. has also uncovered that Trump’s businesses often rely on fraudulent practices to mislead lenders and insurers and to make it seem as though Trump’s net worth is higher than it actually is.

James has also subpoenaed testimony about the family’s business practices from Trump and two of his children, Donald Trump Jr. and Ivanka Trump. They appealed the subpoena, and are currently waiting for the appeal’s results.