Trump fined $110,000 for ‘obstruction’ of New York tax investigation

Former US President Donald Trump has been fined $110,000 for “hinder” to a vast investigation for tax evasion carried out since 2019 by the justice of the State of New York, announced Friday May 20 a spokesperson.

Donald Trump was ordered by the New York 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 the State Attorney General. , Letitia James, against the Trump Organization family group. “On May 19, Donald Trump paid $110,000 to the Attorney General’s Office”announced Friday in an email a spokesperson for Ms. James, elected magistrate of the Democratic party.

Letitia James and the Republican billionaire have been engaged in a fierce procedural battle for months. On February 17, the prosecutor had obtained that a New York judge order Donald Trump and his children Donald Jr. and Ivanka to testify under oath in the context of this investigation, where she suspects tax practices “fraudulent”. A decision against which the Trumps, who accuse Letitia James of “political witch hunt”appealed.

But the New York justice had also demanded accounting and tax documents from the Trump Organization before March 31. Faced with Donald Trump’s refusal, Letitia James had therefore obtained on April 25 that he be sentenced for “hinder”. On May 6, however, the New York judge had suspended the counting of fine days and decided that Donald Trump would have until Friday May 20 to pay for the period April 25 – May 6, i.e. 110,000 for 11 days. What he did on Thursday.

According to Letitia James’ spokesperson, the Trump camp also had until Friday to submit proposals. “declarations on honor” relating to the request for accounting and tax documents from the Trump Organization. These documents were indeed collected and produced by a third-party firm on Thursday, according to the same source. The judge must now decide whether the Trump camp has met all the demands.

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Letitia James suspects the Trump Organization of having “fraudulently” overestimating the value of real estate properties when applying for bank loans and underestimating them with the tax authorities to pay less tax. Donald Trump is also facing a criminal investigation by the Manhattan prosecutor: the Trump Organization and its financial director Allen Weisselberg have been charged with tax evasion. They have pleaded not guilty and the trial is due to begin this year.

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