Donald Trump will have to pay a fine of 10,000 dollars a day if he does not show his tax returns

A judge in New York declared former U.S. President Donald Trump in contempt Monday for failing to deliver documents to the state attorney and he was fined $ 10,000 every day until he complied, a harsh punishment for the tycoon, who refused to show his tax returns and other papers about his company and personal finances.

Judge Arthur F. Engoron ordered Trump to comply with a court order requiring him to show his records and fined him $ 10,000 per day until he complied with court requirements. In other words, the judge ruled that Trump did not cooperate with the attorney general, Letitia James, and he did not follow the court order.

“Mr. Trump: I know you’re serious about your business, and I’m serious about me “said Judge Engoron of the State Supreme Court in Manhattan, before convicting Trump. Seconds later, he hit the dice dial to end the session.

The decision will be appealed by Trump’s lawyers, said one of his lawyers, but it was still a significant victory for prosecutor Jamesthat the office is conducting a civil investigation into whether Trump incorrectly increased the value of his assets in the annual financial statements.

Problems

James and his team have found numerous misleading or misleading statements and deletions in the Trump Organization’s financial statements, which the company provided to lenders and insurers to obtain benefits it did not deserve. The office subpoenaed both the former president and his company for documents related to its investigation, but to no avail.

In January, prosecutor James said his office decided the Trump Organization was involved “deceptive or deceptive” associated with statements. But he said he will continue the investigation before deciding whether to sue Trump or his company.

Although James has no authority to file criminal charges, his civil investigation runs parallel to a criminal investigation led by Manhattan District Attorney Alvin Bragg, who is also looking into these practices.

Trump has always refused to disclose his finances and he has never done so even when he was president, something that has reaped him harsh criticism from Democrats and pundits. The tycoon, marginalized from social networks, is still the most popular candidate within the Republican party. He is still wrong in repeating that he won the last election and aspires to run for president in 2024.

Failure

Monday’s decision presents a hurdle for Trump as he continues to oppose the attorney general’s investigation. James tried to question the former president and two of his children, Ivanka Trump and Donald Trump Jr., as part of his investigation, and Trump family lawyers they try to block the interrogation.

Trump’s lawyers said the requests were “very broad” and they did not “adequately” describe the requested materials. Attorney Alina Habba said in a court filing last week that Trump did not have any documents requested by James, and that such documents, if any, were in the possession of the Trump Organization.

It added that James filed a contempt motion without notice, “apparently in an effort to make the matter a public spectacle.”

However, the prosecutor claimed that “Donald J. Trump You are responsible for the fair preparation and filing “of your financial documentation and tax return.