A New York judge ruled Monday to hold former President Donald Trump in contempt of court and fine him $10,000 per day for failing to comply with subpoenas ordering him to hand over records by March 31, Bloomberg reports.
The subpoenas were issued in connection with New York Attorney General Letitia James' probe into whether Trump broke the law by overstating the value of his assets in order to obtain "more favorable terms for bank loans," per Bloomberg.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
New Year's Eve: UK events and celebrationsThe Week Recommends Start 2025 with a bang by watching the best fireworks and extravaganzas around the country
-
Five festive cocktails for Christmas 2024The Week Recommends Serve seasonal cocktails for an extra special gathering
-
Octopuses could be the next big species after humansUNDER THE RADAR What has eight arms, a beaked mouth, and is poised to take over the planet when we're all gone?
-
'All too often, we get caught up in tunnel vision'Instant Opinion Opinion, comment and editorials of the day
-
Putin says Russia isn't weakened by Syria setbackSpeed Read Russia had been one of the key backers of Syria's ousted Assad regime
-
Georgia DA Fani Willis removed from Trump caseSpeed Read Willis had been prosecuting the election interference case against the president-elect
-
Democrats blame 'President Musk' for looming shutdownSpeed Read The House of Representatives rejected a spending package that would've funding the government into 2025
-
Does Trump have the power to end birthright citizenship?Today's Big Question He couldn't do so easily, but it may be a battle he considers worth waging
-
Trump, Musk sink spending bill, teeing up shutdownSpeed Read House Republicans abandoned the bill at the behest of the two men
-
Is Elon Musk about to disrupt British politics?Today's big question Mar-a-Lago talks between billionaire and Nigel Farage prompt calls for change on how political parties are funded
-
Will California's EV mandate survive Trump, SCOTUS challenge?Today's Big Question The Golden State's climate goal faces big obstacles
