- Former President Donald Trump paid a $110,000 fine, but still has not met all of the conditions required to lift a contempt-of-court finding, the New York attorney general’s office said.
- If Trump does not meet those requirements by a Manhattan court’s deadline, a $10,000-per-day fine against him could be reinstated.
- Manhattan Supreme Court Judge Arthur Engoron held Trump in contempt last month, ruling that Trump had failed to comply with a subpoena for documents.
Former President Donald Trump paid a $110,000 fine imposed as part of a contempt-of-court order against him, but has failed so far to take all the steps required to lift the order, the New York attorney general’s office said Friday.
Trump has until Friday to fulfill all of the requirements for the contempt order to be purged. If he does not do so, a $10,000-per-day fine against Trump could be reinstated.
Alina Habba, an attorney for Trump, did not immediately respond to CNBC’s request for comment.
Manhattan Supreme Court Judge Arthur Engoron held Trump in contempt last month, after New York Attorney General Letitia James’ office argued that Trump had failed to comply with a subpoena for documents as part of its civil investigation.
The AG’s office is looking into properties that the Trump Organization illegally manipulated the stated values of different in order to obtain financial benefits when applying for loans, obtaining insurance policies and paying taxes.
Engoron’s contempt order required Trump to pay $10,000 per day for as long as he fails to comply with the subpoena. Last week, Engoron said that he would lift the contempt order if Trump met certain conditions by Friday.
Trump complied with some of those conditions, a spokesperson for James’ office said. Trump paid $110,000 to the AG’s office on Thursday, and a digital forensics company completed a required review of his files that same day, according to the spokesperson.
But as of 12:15 pm ET on Friday, the former president’s lawyers had not completed a third condition: submitting new affidavits that give more detail about their search for documents sought by the investigators, the spokesperson said.
The $10,000 daily fine against Trump was imposed on April 25. It was halted after Trump’s lawyers on May 6 provided Engoron with 66 pages of documents detailing their efforts to locate the records requested by the AG’s office.
Credit: www.cnbc.com /