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Judge appoints independent monitor to oversee Trump Organization's financial transactions
TFG is really pissed at this ruling
Link to tweet
https://www.nbcnews.com/politics/donald-trump/judge-appoints-independent-monitor-oversee-trump-organization-financia-rcna55492?cid=sm_npd_nn_tw_ma
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."
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."
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ASSits! Say it ain't so.. lololololo 