Not content with slapping former President Donald Trump with almost half a billion dollars in fines for a “crime” in which there were no victims, New York Judge Arthur Engoron ruled Thursday that the court will effectively take over the Trump Organization.
At least, that’s how it reads, seeing as Trump will have to disclose his every financial move to his government overlords. Engoron wrote:
Based on the Court’s findings in its February 16th Order, the Court ordered the continued monitoring of Defendants’ financial and accounting practices and disclosures, including and enhanced role for the Monitor, for a period of no less than three years, as well as the appointment of an Independent Director of Compliance.
Who will be monitoring the operations of the multi-national real estate conglomerate? An experienced businessperson? A financial expert? No, it will (continue to) be another judge:
Retired federal Judge Barbara Jones, who has monitored the Trump Organization’s finances as part of a preliminary injunction in 2022, will continue in her role for the next three years.
The monitor will allow reviews of the organization’s internal accounting records, recordkeeping, financial reporting policies and more.
The Trump Organization will be required to provide the monitor with monthly bank statements, notify the…
More information can be found here
