Real Estate

Trump loses bid to stay New York contempt of court order

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Former U.S. President Donald Trump speaks at a rally at The Farm at 95 on April 9, 2022 in Selma, North Carolina.

Allison Joyce | Getty Images

Former President Donald Trump on Tuesday lost an effort at a New York appeals court to stay a contempt order, and as a result still owes a fine of $10,000 per day.

Trump on April 25 was found in contempt by Manhattan Supreme Court Judge Arthur Engoron for failing to comply with a subpoena from New York Attorney General Letitia James, who is seeking records for her civil investigation of his company, the Trump Organization.

James is investigating allegations that the Trump Organization improperly manipulated the stated valuations of real estate assets…



Source cnbc.com

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