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Trump will be fined $10,000 a day for contempt of justice

The New York attorney general has ordered former US President Donald Trump, 75, to pay a fine of $10,000 a day for his stubborn refusal to release his financial records. Attorney General Letitia James, 63, went to court to pay the fine on Thursday (local time). James has been investigating potential financial crimes against the Trump real estate empire since 2019.

The attorney general is investigating suspicions that the family’s holding company, the Trump Organization, artificially inflated the value of real estate when it wanted to take out loans from banks and devalue them in other cases in order to pay lower taxes or lower insurance premiums.