President Donald Trump has been held in contempt of court for failing to comply with a subpoena for business documents related to an ongoing investigation by the state Attorney general’s office.
• Trump will be ordered to pay a fine of $10,000 a day until he decides to comply.
• The contempt order was issued after AG Loretta James accused Trump of dragging his feet in turning in what she calls damning evidence to her office in connection to the investigation.
• New York is investigating Trump’s business over allegations that he manipulated the values of different deals and real estate assets to get favorable financial terms on loans, insurance coverage, and lower taxes.
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