Judge orders independent monitor to oversee Trump's real estate empire

[muriel_volestrangler]

Source: AP/Guardian

A Manhattan judge said Thursday that he would appoint an independent monitor to oversee Donald Trump’s real estate empire.

The move will restrict 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 the 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.



Read more: https://www.theguardian.com/us-news/2022/nov/03/donald-trump-manhattan-judge-independent-monitor-company

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The Trump Org is no longer going to be the vehicle for TFG's scams. That's now purely in the PACs.

[asiliveandbreathe]

1. Is it me, or is this a BFD?? Can the pos sue to prevent an Ind. monitor??..

Asking for a friend...

[muriel_volestrangler]

2. I'm sure he will sue, whether or not it has a chance of working

TFG always sues. Doesn't matter if it might work, it's just to delay things. And if he has to promise his lawyers to pay them before working this time, then he'll use the money he's raised that's meant for "political purposes".

[NullTuples]

8. I would think it's a really really BFD

[republianmushroom]

3. Orange A-O they are coming for you

[ffr]

4. Holy ca-rap! Putin isn't going to like that AT ALL! How will he launder money to TFG?

That judge better stay clear of staircases and hard walls.

[Martin68]

5. OMG, the hits Dump where it really hurt. Any restriction on the control of "his empire" hits him

where he lives. Literally.

[riversedge]

6. Judge approves New York AG's bid for monitor to oversee Trump Org "to be paid by defendants,"

Love it. Trump will have to beg his MAGA fans for more $$!!

Updated 6 hours ago - Politics & Policy


Judge approves New York AG's bid for monitor to oversee Trump Org "to be paid by defendants,"
https://www.axios.com/2022/11/03/trump-ny-attorney-general-judge-oversight-request



Erin Doherty



A judge on Thursday sided with New York Attorney General Letitia James in her bid for an independent monitor to oversee the Trump Organization's preparation of financial statements amid pending review of a civil lawsuit.

Driving the news: "This court will appoint an independent monitor, to be paid by defendants, for the purpose of ensuring compliance with this order," New York Supreme Court Justice Arthur Engoron wrote in the court filing.

"If the monitor reasonably determines that defendants have violated this order, the monitor shall immediately report that matter to [Office of the Attorney General of the State of New York], defendants, and this Court."

The order also prevents the Trump Organization from selling or transferring any non-cash assets without giving the court and James' office 14 days' notice.

Engoron has overseen previous legal battles between the former president and James, Politico notes..................................................

Link to tweet

?s=20&t=RH9desxEIqzPzdwL6ST-rw

[moniss]

7. Well certainly

the Orange Ruski will insist that supervision/management by Eric the Lesser is more than adequate.

[machoneman]

9. Hillary, it must be Hillary! Or, AOC !

[twodogsbarking]

10. Has Trump sued them yet?

[jmowreader]

11. The worst part is...

With responsible adult supervision, Trump's real estate empire may actually start showing a profit.

[ck4829]

12. K&R