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A New York judge held former President Donald Trump in contempt of court on Monday for failing to comply with a subpoena for business documents related to an investigation by the state attorney general’s office.
Trump will have to pay $10,000 per day for as long as he fails to comply with the subpoena.
The contempt finding in a Manhattan courtroom came after a more than two-hour hearing in which lawyers for New York Attorney General Letitia James blasted Trump for dragging his feet in turning over the demanded documents.
James is investigating the Trump Organization over allegations that it improperly manipulated the stated values of various real estate assets to obtain more favorable financial terms for loans and insurance coverage, and to lower their taxes.
“In a major victory, a court has ruled in our favor to hold Donald Trump in contempt of court,” James tweeted.
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