Former US President Donald Trump has been fined $110,000 for obstructing a major tax evasion investigation led by New York state authorities since 2019, a spokesman said Friday.
Trump was ordered by the New York State Supreme Court on April 25 to pay $10,000 a day as long as he refused to provide accounting and tax documents as part of a civil investigation by state Attorney General Letitia James against the family. Trump Organization company.
“On May 19, Donald Trump paid the attorney general’s office $110,000,” said a spokesman for James’s office.
James and the Republican billionaire have been engaged in a fierce procedural battle for months.
On February 17, James was able to get a New York judge to charge Trump and his children Donald Trump Jr. and to order Ivanka Trump to testify under oath as part of this investigation into which she suspects fraudulent tax practices.
The Trumps – who accuse James of a “political witch hunt” – have appealed the ruling.
But New York state had also demanded accounting and tax documents from the Trump Organization before March 31.
Faced with Donald Trump’s refusal, James demanded a ruling on April 25 to charge him with obstruction.
However, on May 6, the New York judge suspended counting the number of days for which he should be fined and ruled that Donald Trump would have until Friday, May 20 to pay for the period from April 25 to May 6, or 110,000. for 11 days — which he did on Thursday.
According to James’ spokesman, the Trump camp also had until Friday to file affidavits regarding the Trump Organization’s request for accounting and tax records.
Indeed, these documents were collected and produced by an outside company on Thursday, according to the same source.
The judge must now decide whether the Trump camp has met all the requirements.
James suspects that the Trump Organization has fraudulently overestimated real estate values when applying for bank loans, while underestimating it at the IRS to pay less in taxes.
Donald Trump is also facing a criminal investigation by the Manhattan prosecutor: the Trump Organization and its chief financial officer Allen Weisselberg have been charged with tax evasion.
They plead innocent and the trial is due to begin this year.
(This story was not edited by DailyExpertNews staff and was generated automatically from a syndicated feed.)