Trump Held in Contempt of Court Over Subpoenas in New York Probe
Published Date: 4/25/2022
Source: Bloomberg Quicktake: Now
Donald Trump was held in contempt of court for failing to turn over records in New York’s probe of asset valuations at his sprawling real estate company, and must pay $10,000 a day until he complies. Monday’s ruling, which adds pressure on the former president as New York Attorney General Letitia James seeks to wrap up her investigation, came after a lawyer for James said at a hearing that the state is likely to bring an enforcement action against the Trump Organization “in the near future.” It is a significant victory for James, a Democrat, who for months has accused Trump of ignoring outstanding subpoenas even as his company has handed over more than 6 million pages of corporate documents. Trump, the most prominent Republican in the party, has argued that he is the target of a political vendetta and that he has no more records to hand over, especially since he doesn’t use a computer. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake