Stock Market News

Donald Trump likely no longer in contempt, New York attorney general says

2022.06.22 01:51

Donald Trump likely no longer in contempt, New York attorney general says
FILE PHOTO: New York Attorney General Letitia James delivers remarks at the New York Democratic party 2022 State Nominating Convention in Manhattan in New York City, U.S., February 17, 2022. REUTERS/Mike Segar

By Jonathan Stempel

NEW YORK (Reuters) – Donald Trump is likely no longer in contempt of court for failing to comply with a subpoena in a New York civil probe into the former U.S. president’s business practices, the office of state Attorney General Letitia James said on Tuesday.

In a letter filed with a New York state court in Manhattan, a lawyer for James said affidavits filed by employees of Trump businesses appeared sufficient to lift an April 25 contempt order, which led to Trump paying a $110,000 fine.

“Respondent’s counsel must rely upon current employees to provide the required information,” the letter said. ” (We) are prepared to agree that the affidavits satisfy the court’s order because it is not apparent what else, if anything, the respondent and his counsel can be ordered to do.”

Alina Habba, a lawyer for Trump, did not immediately respond to a request for comment.

The letter also renewed James’ concerns about Trump’s policies toward retaining documents, citing the “apparent absence” of financial documents he ought to have that might shed light on what his businesses are worth.

Justice Arthur Engoron, who had found Trump in contempt, will decide whether to lift that order.

James has for more than three years been investigating the Trump Organization, which manages hotels, golf courses and other real estate around the world.

The attorney general has said her probe has found evidence that the company overstated asset values to obtain favorable loans and understated asset values to get tax breaks.

Trump and two of his adult children, Donald Trump Jr and Ivanka Trump, have agreed to testify under oath starting July 15, after failing to convince two state courts to scuttle their depositions.

Trump, a Republican, has called James’ probe a politically motivated witch hunt. James is a Democrat.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 99,211.58 5.72%
ethereum
Ethereum (ETH) $ 3,070.94 8.09%
xrp
XRP (XRP) $ 2.90 7.25%
tether
Tether (USDT) $ 0.999851 0.03%
solana
Solana (SOL) $ 226.24 12.09%
bnb
BNB (BNB) $ 658.87 3.81%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.319687 9.63%
cardano
Cardano (ADA) $ 0.900419 9.87%
staked-ether
Lido Staked Ether (STETH) $ 3,071.46 7.92%
tron
TRON (TRX) $ 0.242124 4.16%
chainlink
Chainlink (LINK) $ 23.01 12.12%
avalanche-2
Avalanche (AVAX) $ 33.23 12.42%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 99,155.57 5.51%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,677.43 7.68%
the-open-network
Toncoin (TON) $ 4.88 3.62%
stellar
Stellar (XLM) $ 0.388092 8.66%
hedera-hashgraph
Hedera (HBAR) $ 0.300854 10.65%
sui
Sui (SUI) $ 3.71 10.65%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 8.11%
weth
WETH (WETH) $ 3,071.00 8.12%
leo-token
LEO Token (LEO) $ 9.68 0.84%
polkadot
Polkadot (DOT) $ 5.72 10.95%
litecoin
Litecoin (LTC) $ 110.14 9.60%
bitcoin-cash
Bitcoin Cash (BCH) $ 409.82 6.28%
bitget-token
Bitget Token (BGB) $ 6.77 9.01%
hyperliquid
Hyperliquid (HYPE) $ 21.09 11.03%
usds
USDS (USDS) $ 0.996968 0.42%
uniswap
Uniswap (UNI) $ 10.54 12.90%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,247.33 8.07%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
official-trump
Official Trump (TRUMP) $ 26.57 8.48%
pepe
Pepe (PEPE) $ 0.000013 16.75%
near
NEAR Protocol (NEAR) $ 4.46 11.25%
aave
Aave (AAVE) $ 294.47 11.78%
mantra-dao
MANTRA (OM) $ 4.47 2.37%
aptos
Aptos (APT) $ 7.25 12.21%
internet-computer
Internet Computer (ICP) $ 8.56 7.33%
ondo-finance
Ondo (ONDO) $ 1.28 12.24%
whitebit
WhiteBIT Coin (WBT) $ 28.09 1.42%
monero
Monero (XMR) $ 210.77 5.13%
ethereum-classic
Ethereum Classic (ETC) $ 25.10 7.07%
mantle
Mantle (MNT) $ 1.10 7.17%
dai
Dai (DAI) $ 1.00 0.02%
bittensor
Bittensor (TAO) $ 430.56 4.39%
crypto-com-chain
Cronos (CRO) $ 0.128846 7.48%
vechain
VeChain (VET) $ 0.043177 9.47%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.401343 9.37%
okb
OKB (OKB) $ 52.49 4.15%
kaspa
Kaspa (KAS) $ 0.121259 8.30%