Trump pays $110,000 fine for failing to cooperate with New York investigation | Donald Trump News

The state of New York is investigating the former US president’s real estate company for allegedly misrepresenting the value of assets.

Former US President Donald Trump has paid a $110,000 fine for failing to respond to a subpoena in a civil investigation into his business practices, a spokesman for the New York attorney general said on Friday.

Trump paid the fine Thursday but must still submit additional paperwork to have the contempt order lifted, New York Attorney General Letitia James’s office said.

Paying the fine was one of three steps Trump needed to take for a judge to lift a contempt of court order issued last month for his failure to cooperate with the New York investigation.

The investigation is looking at whether the Trump Organization provided banks and tax authorities with misleading financial information.

In late April, New York State Judge Arthur Engoron held Trump in contempt and fined him $10,000 a day after ruling that it was unclear whether the former president had conducted a full search for additional documents that James had requested.

New York State Attorney General Letitia James is seeking to force Trump to testify and release documents in a civil investigation of his real estate business. [File: Kathy Willens/AP Photo]

Engoron conditionally lifted the contempt order and the fine stopped accumulating last week after Trump presented details of his records search. But Engoron said it would start fining Trump again if he didn’t pay by May 20.

The judge required a third-party firm hired by Trump to help with the search, HaystackID, to finish going through 17 boxes stored offsite and turn over any relevant documents with a report on its findings. That process was completed Thursday, James’ office said.

Trump employees must still file affidavits about their records-handling practices, the New York spokesman said. The fine money will be held in escrow until a higher court considers Trump’s appeal of the contempt order.

Trump’s lawyer, Alina Habba, did not immediately respond to a request for comment from the Reuters news agency.

Trump’s former lawyer, Michael Cohen, told Congress in 2019 that the Trump organization misrepresented its asset values โ€‹โ€‹for financial gain.

James has said his three-year civil investigation found evidence that Trump’s company, which manages hotels, golf courses and other real estate, miscalculated assets to obtain favorable loans and tax breaks.

Trump has denied the allegations. He called the James investigation a “racist” and politically motivated “witch hunt,” while Trump’s lawyers accused it of selective prosecution. Trump is also suing James in federal court, seeking to shut down the investigation of her.

Last week, a lawyer from James’ office said evidence found in the investigation could support legal action against the former president, his company, or both.

The attorney, Andrew Amer, told a hearing in Trump’s lawsuit against James that “a substantial amount of evidence has clearly accumulated that could support the filing of an execution proceeding,” though no final determination has been made on the submission of such action. .

James subpoenaed Trump and his two eldest children, Donald Trump Jr and Ivanka Trump, as part of the investigation into the former US president’s business practices.

A New York court filing made public in January said James issued the subpoenas seeking the trio’s testimony and documents “in connection with an investigation into the valuation of property owned or controlled” by Trump or his company, the Organization. Trump.

Leave a Comment