News

Trump loses bid to stay New York contempt of court order and avoid $10K daily fine

Former U.S. President Donald Trump speaks at a rally at The Farm at 95 on April 9, 2022 in Selma, North Carolina.
Allison Joyce | Getty Images

Former President Donald Trump on Tuesday lost an effort at an appeals court to stay a contempt order from a New York judge, and as a result still owes a fine of $10,000 per day, according to the state attorney general’s office.

Trump on April 25 was found in contempt by Manhattan Supreme Court Judge Arthur Engoron for failing to comply with a subpoena from Attorney General Letitia James seeking records she wants to see for her civil investigation of his company, the Trump Organization.

Engoron imposed a fine on Trump of $10,000 per day until he was satisfied that Trump had complied with the subpoena.

The judge on Friday kept that fine and contempt order in place, saying that new affidavits by Trump and his lawyers claiming they could not find the documents were not sufficient.

Trump had asked the Appellate Division of the First Judicial Department to stay Engoron’s contempt order as the former president appeals the judge’s finding.

That division rejected the stay request, according to a spokeswoman for James.

James is investigating allegations that the Trump Organization improperly manipulated the stated valuations of real estate assets to obtain more favorable financial terms on loans, insurance and taxes.

This is breaking news. Please check back for updates.

Products You May Like

Articles You May Like

Wait! So Pfizer KNEW all along and kept it secret? | Redacted with Natali and Clayton Morris
The Next Market Crash | How To Get Rich In The 2023 Recession
This dazzling $25.65M apartment is Toronto’s priciest listing
2023 House Flipping Tips | BEAT Rising Interest Rates & Recessions
Mortgage demand falls again even as rates sink further

Leave a Reply

Your email address will not be published. Required fields are marked *