Judge Arthur Engoron, who hit Donald Trump with a $464 million judgment and barred him for three years from serving as an officer or director of any New York corporation, or applying for loans from any New York chartered or registered financial institution, continues to take punitive actions against the former president.
On Thursday, the judge who oversaw the civil fraud case brought against Trump by New York Attorney General Letitia James — in the fulfillment of a campaign promise — ordered the court to monitor Trump Organization finances for three years, Fox News reported.
“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,” Engoron wrote in the Thursday order.
More from Fox News:
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 monitor at least five business days before major cash or asset transfers, and inform the monitor about debt restructuring or payment.
Friday, in the wee hours of the morning, Trump blasted Engoron in all caps on Truth Social calling him a “corrupt, Trump hating judge, who came up with a crazy, out of thin air award in order to damage me politically and not allow me to use any of the large amount of cash I have built up over the years.”
He also implicated “crooked” President Joe Biden:
“THE NEW YORK A.G. USED A STATUTE TO GO AFTER ME THAT HAS NEVER BEEN USED BEFORE, NOT ONCE, FOR SUCH A PURPOSE. IT, IN AND OF ITSELF, IS SOOO UNCONSTITUTIONAL AND UNFAIR. UNDER THIS STATUTE, I GET NO JURY AND HAVE NO RIGHTS. All DECISIONS AND RIGHTS ARE GIVEN TO, IN THIS CASE, A CORRUPT, TRUMP HATING JUDGE, WHO CAME UP WITH A CRAZY, OUT OF THIN AIR AWARD, IN ORDER TO DAMAGE ME POLITICALLY, AND NOT ALLOW ME TO USE ANY OF THE LARGE AMOUNT OF CASH I HAVE BUILT UP OVER THE YEARS, THROUGH HARD WORK, INSIGHT, INSTINCT, AND DILIGENCE, ON MY POLITICAL CAMPAIGN FOR PRESIDENT. THAT IS JUST WHAT CROOKED JOE BIDEN WANTED THIS POLITICAL HACK, COUPLED WITH A CORRUPT AND RACIST ATTORNEY GENERAL, TO DO. I DID NOTHING WRONG! THIS IS SIMPLY A “TAKING.” MUCH LIKE WHAT IS DONE IN COMMUNIST COUNTRIES, AND WILL LEAVE AN IRREPARABLE STAIN ON NEW YORK STATE AND ITS JUDICIAL SYSTEM. IT IS TOTALLY UNCONSTITUTIONAL, INCLUDING THE HARSH GAG ORDER IMPOSED. THE STATUTE OF LIMITATIONS WAS ALREADY RULED ON, FOR ME!”
In an article under the blaring headline, “Trump Spurned by 30 Companies as He Seeks Bond in $454 Million Judgment,” The New York Times reported that Trump’s lawyers “disclosed on Monday that he had failed to secure a roughly half-billion dollar bond in his civil fraud case in New York, raising the prospect that the state could seek to freeze some of his bank accounts and seize some of his marquee properties.”
The bond is due on Monday, according to The Times, which further reported that Trump has asked the appeals court to pause the $454 million judgment or accept a bond of only $100 million.
Meanwhile, the New York attorney general’s office appears to be actively moving toward seizing Trump’s assets.
In an earlier Truth Social post, Trump had this to say about the bond issue: “Even though I did nothing wrong, a Radical Left New York Judge, a true Trump Hater, Arthur Engoron (Are we allowed to speak about his Unconstitutional Gag Order?), picked a number out of THIN AIR, $355,000,000, plus interest (reminiscent of John Lovitz, “The Liar,” on SNL when it was good), & wants me to bond it, which is not possible for bonding companies to do in such a high amount, before I can even Appeal. That is CRAZY!”
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Author: Tom Tillison
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