Manhattan Judge says he'll appoint monitor for Donald Trump's company

[kpete]

A Manhattan judge said Thursday he will appoint an independent monitor for former President Donald Trump’s real estate empire, restricting his company’s ability to freely make deals, sell assets and change its corporate structure.

NEW YORK (AP) — A Manhattan judge said Thursday he will appoint an independent monitor for former President Donald Trump’s real estate empire, restricting his company’s ability to freely make deals, sell assets and change its corporate structure.

Judge Arthur Engoron ordered the outside watchdog for the Trump Organization as he presides over a lawsuit in which New York Attorney General Letitia James alleges Trump and the company routinely misled banks and others about the value of prized assets, including golf courses and hotels bearing his name.

James’ office says the Trump Organization is continuing to engage in fraud and has taken steps to dodge potential penalties from the lawsuit, such as incorporating a new entity in Delaware named Trump Organization LLC — almost identical to the original company’s name — in September, just before the lawsuit was filed.

Engoron, in an 11-page order, barred the Trump Organization from selling or transferring any noncash assets without giving the court and James’ office 14 days notice. The to-be-named monitor will be charged with ensuring the company’s compliance and will immediately report any violations to the court and lawyers for both sides.

https://apnews.com/article/business-new-york-lawsuits-manhattan-donald-trump-e7f4fc2cf274eba876be450b3a181acb?

taid=636421f40772d60001474b6e&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter

https://www.reuters.com/legal/trump-organization-have-independent-monitor-judge-rules-2022-11-03/

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[elleng]

1. 'restricting his company's ability to freely make deals,

assets and change its corporate structure.'

[canuckledragger]

2. So no more creating shell companies and money laundering?

[spanone]

3. K&R

[crickets]

4. Bwahaha! K&R

[Botany]

5. "Manhattan Judge says he'll appoint monitor for Donald Trump's company"

Link to tweet

[calimary]

6. Close in, walls! CLOSE IN!!!

[Grins]

7. Hopefully an accounting firm famous for its audits...

[Marthe48]

8. Is this anything like a Special Master?

lolol lolol

[pansypoo53219]

9. no cover ups allowed.

[11 Bravo]

10. Unhinged batshit crazy social media response from Trump in 3 ... 2 ... 1 ...

[48656c6c6f20]

11. Funniest Twitter response

Link to tweet