NY judge holds Trump appraiser in contempt, fines it $10,000 a day

After finding the previous appraiser of the Trump Organization in civil contempt for refusing to abide by subpoenas issued by the New York attorney general's office, a New York judge penalized the company $10,000 per day.

After finding the previous appraiser of the Trump Organization in civil contempt for refusing to abide by subpoenas issued by the New York attorney general's office, a New York judge penalized the company $10,000 per day.

Engoron agreed that "an large quantity of records" were being sought by the subpoenas, but he insisted that the attorney general has broad authority. Starting on Thursday, there will be a fine.

The subpoena had previously been resisted by Cushman, who also contested it in court. A New York appeals court ruled last month that it would not prevent the state from pursuing the subpoena.

The business declared that it had gone to "extraordinary lengths" to assist the judge and the attorney general's office and that it now intends to appeal.

Cushman's attorneys have refuted claims that any appraisers engaged in unlawful behavior or created appraisals in a dishonest or deceptive manner.

The subpoenas, according to Cushman attorneys, were too broad and onerous since they asked for information regarding clients unaffiliated with the Trump Organization.

Prior to this, Engoron discovered that Cushman applied internal quality-control procedures inconsistently when producing valuations for the Trump Organization.