Former President Donald Trump smiles as he speaks at a rally in Selma, NC, on April 9, 2022, left. The accumulating Benjamins that Trump owes to NY AG Letitia James, right.
Chris Seward/AP, left. LM Otero/AP, right.
Donald Trump has yet to pay a court-ordered $10,000-a-day fine for flouting a subpoena for his business documents.
As of Thursday, he owes $30,000, but the court order does not demand that he cut a check every day.
Instead, what he owes New York’s AG will accumulate by $10K a day — likely until he personally swears an affidavit explaining why he has no documents to turn over.
Donald Trump has yet to pay a penny of a court-ordered $10,000-a-day fine, which as of Thursday totals $30,000, Insider has learned.
But the former president’s failure to cut one of his classic, Sharpie-signed checks does not mean he’s thumbing his nose at the court or in any way out of compliance.
It only means that the sum he owes New York Attorney General Letita James will keep accumulating each day — his court-ordered penalty as part of being held in contempt for dodging her subpoena for his personal business documents, according to people close to the matter.
The amount he owes will just keep rising — $40,000 on Friday, $50,000 on Saturday, and so on — as an IOU to the AG, until Trump either turns over the documents she wants, or explains to the satisfaction of a Manhattan judge just how it is that he has nothing to turn over.
So why doesn’t he have to pay yet?
So why is his non-payment, for now, OK? Trump has filed a notice saying he plans to appeal the contempt order, but there’s so far been no order to halt the fine pending appeal.
And exactly what does Trump have to do to get out of contempt, and to stop his debt to James from rising?
The answer to the first questions can be found in the contempt order that set the fine, as signed into effect on Tuesday by New York State Supreme Court Justice Arthur Engoron.
“Donald J. Trump is in contempt of Court and must pay a fine of $10,000 per day, from the date of this Decision and Order, until he purges such contempt to the satisfaction of this Court,” Engoron wrote in his order.
The order makes no mention of whether the fine must be paid daily, weekly, or in a …read more
Source:: Business Insider