Judge appoints independent monitor to oversee Trump Organization financial filings

[Nevilledog]

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Joyce Alene

@JoyceWhiteVance
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NY AG gets significant relief in her civil case, including a monitor who will oversee Trump Org & a preliminary injunction that also blocks former President Donald Trump's company from transferring assets without court approval.

nbcnews.com
Judge appoints independent monitor to oversee Trump Organization financial filings
A New York judge granted the state attorney general's request for a monitor after allegations the company inflated its assets by billions of dollars.
2:16 PM · Nov 3, 2022

https://www.nbcnews.com/politics/donald-trump/judge-appoints-independent-monitor-oversee-trump-organization-financia-rcna55492

A New York state judge on Thursday ordered an independent monitor to oversee the Trump Organization's financial statements following allegations that the company has been vastly overstating its assets.

Justice Arthur Engoron signed off on a preliminary injunction that also blocks former President Donald Trump's company from transferring assets without court approval. In his ruling, the judge said the company must also make the monitor aware of all its holdings and assets and give 30 days advance notice of any restructuring at the company and any plans for "disposing or refinancing of significant Trump Organization assets."

Given "defendants’ propensity to engage in persistent fraud, failure to grant such an injunction could result in extreme prejudice to the people of New York,” the judge wrote.

Engoron's ruling came in a civil suit filed against the company by the New York attorney general's office alleging the Trump Organization had been inflating its worth in financial statements to banks and insurers by billions of dollars. The judge's ruling cited numerous examples of the company's alleged fraud in the attorney general's lawsuit, which he described as "more than sufficient to demonstrate OAG's likelihood of success on the merits."

*snip*


Trump of course is calling for violence

[greatauntoftriplets]

1. Is it me or does that sound like a bigly admission of guilt?

His blood pressure must be sky high.

[mobeau69]

2. Damn! That touched a nerve.

[Faux pas]

3. Kickety Kickin'

Schadenfreude

[MissMillie]

4. LOVE this lawsuit by the AG

I mean, I am in the same camp as the rest of you went it comes to seeing TFG behind bars.

But this civil action is just delightful. Should he lose, he (and the kids) may never be allowed to operate a business within the state of New York again. And they'd have to fork over $250 million dollars (I guess Jared could use his Saudi money to help him out with that...)

But it's such a stab at the heart--the "great businessman" being barred from running a business because, well, he's such a bad businessman.