Connect with us

Hi, what are you looking for?

News

Judge Issues Order Placing Trump’s Business Assets Under Court Monitor

Trump invoked his Fifth Amendment rights during the first deposition in August 2022. However, he answered questions during the 2nd deposition in April 2023.

Judge Arthur Engoron ruled last week that former President Trump and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork.

Trump’s legal spokeswoman Alina Habba said in a recent statement that the judge’s ruling is “fundamentally flawed at every level” and called the Trump Organization “an American success story.”

A New York Appeals Court narrowed state Attorney General Letitia James’ civil lawsuit against the Trump family in June, dismissing Ivanka Trump as a defendant and deciding that the statute of limitations would prevent her from suing for alleged fraud.

Trump’s business assets under monitor

Judge Arthur Engoron issued an order prohibiting former President Donald Trump from transfering his assets without informing a court monitor on Thursday.

Engoron’s supplemental order states that Trump and the other defendants must disclose all of the entities they own and declare in advance “any anticipated transfer of assets or liabilities to any other entities.”

In addition to Trump, the order applies to Donald Trump Jr., Eric Trump, former chief financial officer of the Trump Organization, Allen Weisselberg, and Trump Organization controller Jeffrey McConney.

The group has until OCtober 26 to hand over the information to former federal judge Barbara Jones, the monitor who is already overseeing the Trump Organization’s finances.

The order is the second Engoron has issued since the trial began on Monday. He also issued a partial gag order on Trump, prohibiting him from discussing court staff on social media.

That order came in reaction to Trump publicly criticizing one of Engoron’s law clerks on social media.

READ 13 COMMENTS
  • Faan says:

    And the USA wants to export this “freedom and democracy” worldwide???????? What a joke…

  • TOP STORIES

    News

    A US judge has sentenced a disgraced Black Lives Matter leader to federal prison after he was convicted at trial in April on wire...

    News

    The male A-list celebrity who is the subject of an alleged sex tape with Sean “Diddy” Combs is “horrified” that the footage is being...

    News

    Country star Dolly Parton announced a massive donation to help the victims of Hurricane Helene following the devastation to the southeastern states of Florida,...

    News

    The Biden-Harris administration has suffered a setback in court in its efforts to sweep aside objections from two Arizona ranchers who claimed stopping construction...

    >