Fine paid: Trump does not cooperate and pays $110,000

fine paid
Trump refuses to cooperate and pays $110,000

Donald Trump has long had to endure allegations of not-quite-clean business and financial practices. When he fails to cooperate with the authorities due to tax investigations, he is fined heavily. Now it was payday.

Former US President Donald Trump has been fined $110,000 for obstructing an investigation into tax evasion. Trump settled the sum on Thursday, a spokesperson for New York State Attorney General Letitia James said in a statement. On April 25, the New York Supreme Court ordered Trump to pay a daily fine of $10,000 for failing to cooperate in the investigation of James’ 2019 tax evasion. He must therefore present tax documents and banking.

Because the ex-president did not accede to this request, James asked for the fine for obstructing the investigation. On May 6, however, the judge in charge suspended the sentence and gave Trump until May 20 to pay the fine for the period from April 25 to May 6, or $110,000 for the eleven days. In addition, Trump’s environment had until Friday to submit affidavits on the finances of the Trump Organization family holding company, James’ spokesperson said. This requirement has also been met.

As part of a civil investigation, James investigates suspicions that the Trump Organization family holding company artificially inflated the value of real estate when seeking loans from banks and undervalued it in other cases to avoid having to pay taxes or insurance premiums. In January, James said he collected evidence of fraudulent financial practices. In February, a judge then ordered Trump, his daughter Ivanka and son Donald Trump Jr. to testify under oath in the investigation. The Trumps appealed.

process expected this year

The former president has repeatedly described the attorney general’s investigation as politically motivated. James is a member of President Joe Biden’s Democratic Party, which defeated Trump in the 2020 presidential election.

Along with the Attorney General’s investigation, the Manhattan District Attorney’s Office is conducting a criminal investigation into Trump Corporation’s business conduct. In July last year, charges were brought against the Trump Organization and its longtime chief financial officer, Allen Weisselberg, for tax evasion. The process should start this year. Trump has been accused of questionable business and financial practices for decades. It’s still unclear how dangerous Trump’s investigations in New York could be. The 75-year-old has repeatedly spoken of a possible re-election to the presidency in 2024.

Leave a Comment