Donald Trump must pay $10,000 a day by the New York Attorney General for his persistent refusal to release his financial records. Attorney General Letitia James applied to the court for the fine on Thursday. James has been investigating potential financial crimes against Trump's real estate empire since 2019. The Attorney General is investigating suspicions that the family holding company, the Trump Organization, artificially inflated the value of real estate when it wanted to obtain loans from banks and undervalued it in other cases in order to have to pay less taxes or insurance premiums.
In January, some reporters said they had gathered evidence of fraudulent financial practices. Donald Trump misrepresented assets to financial institutions to gain economic advantage.
The Manhattan Attorney's Office is conducting a criminal investigation into the Trump Corporation in parallel with the Attorney General's investigation In July last year, charges were brought against the Trump Organization and its longtime chief financial officer, for tax fraud.
I think he should not pay 10k a day, just give him a big fine and that's it.
Do you think he should pay 10k a day or just one fine?
what would rather pay, 10.000 or one fine?
Replies
Your topic is good and one that hasn't been doen before so +5. I would like to see your summary a bit longer. Expand on your personal thoughts and opinions. You also didn't reply to any student comments which is worth 30 points. -10 late one day
I think if they have evidence it is fine to fine him per day to force him to release his records. Both could amount to a big hit in his bank account but if he has commited fraud that is worse.
I think that the reasoning behind his plan makes sense but 10,000 dollars a day seems like a strangely large amount. I think that I would rather pay one large fine and be complete with the whole situation. It really depends on a persons income.
I think paying $10,000 a day is a crazy amount for daily payments, but since he is a billionare it doesn't hit him as hard. Even though he can afford these daily payments, I personally think he should just have one huge fine. I would rather pay one big fine and get it over with.
I think it is fair that he pays 10,000 a day. Paying one fine won't teach him anything because of how much money he has. Maybe he will be more careful if he knows he runs the risk of paying 10,000 a day. I would rather pay one fine because I'm not a billionaire.
I think that its good for him to pay a lot of money. 10,000 is not very much for someone as rich as him. I personally would rather just pay one fine though because I would not want to pay daily. Just get it done all at once.
I honestly think that he's paying a pretty exaggerated amount of money but personally, I think that he should just pay one solid fine instead of having to pay 10k daily. But I would personally pay one fine, but over time not all at once because that would be a lot of money.
If we want those safe i believe he should have to pay a good amount of 10,000 isn't very much for him. If he has something in their he wants to hide I belive that 10,000 is a good number for him to have to pay.
I think it is good that he pays a lot of money. 10,000 a day is a lot and depending on how much he actaully he has it is either too much or okay. Depending on how much he made from the crime, it is justified to get the money back plus some extra. And I mean, he does not pay 10,000 for the rest of his life.