Trump pays $110,000 fine for blocking New York state tax probe

Former US President Donald Trump has paid a $110,000 fine for obstructing a major tax evasion investigation led since 2019 by New York state authorities, a spokesperson announced Friday.

Trump was ordered on April 25 by the New York state’s Supreme Court to pay $10,000 a day for as long as he refused to provide accounting and tax documents as part of a civil investigation by the Attorney General of the state, Letitia James, against the Trump Organization family business.

“On May 19, Donald Trump paid the attorney general’s office $110,000,” a spokesperson for James’s office said.

James and the Republican billionaire have been engaged in a fierce procedural battle for months.

On February 17, James was able to get a New York judge to order Trump and his children Donald Trump Jr. and Ivanka Trump to testify under oath in the context of this investigation, in which she suspects fraudulent tax practices.

The Trumps — who accuse James of a “political witch hunt” — have appealed the ruling.

But New York state had also demanded accounting and tax documents from the Trump Organization before March 31.

Faced with Donald Trump’s refusal, James demanded obtained a ruling on April 25 that he be charged with obstruction.

On May 6, however, the New York decide to suspend the counting of days for which he ought to be fined and determined that Donald Trump could have till Friday, May 20 to pay for the period from April 25 to May 6, or one hundred ten,000 for eleven days — which is what he did on Thursday.

According to James’ spokesperson, the Trump camp also had until Friday to publish sworn statements relating to the Trump Organization’s request for accounting and tax information.

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.

James suspects the Trump Organization fraudulently overstated the value of real estate properties when applying for bank loans while understating them with the tax authorities in order to pay less in taxes.

Donald Trump is likewise dealing with a criminal investigation by means of the Manhattan prosecutor: the Trump Organization and its economic director Allen Weisselberg has been charged with tax evasion.

They have pleaded not responsible and the trial is due to begin this year.