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The judge in former President Trump’s New York civil fraud case has ordered the court to monitor the Trump Organization’s finances for three years.
Judge Arthur Engoron, who ruled on the civil fraud case that ultimately slapped Trump with his $464 million judgment, made the order to monitor the Trump Organization on Thursday.
“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.
The report explains that retired federal Judge Barbara Jones, who has monitored the Trump Organization’s finances since 2022, will continue in her role for the next three years.
The judge has ordered the Trump Organization to provide Jones with monthly bank statements, provide notice at least five business days before major cash or asset transfers, and inform the monitor about debt restructuring or payment.
The Trump Organization must also disclose any efforts to obtain surety bonds.
News
In the civil fraud case, Justice Engoron issues an order detailing retired Judge Barbara Jones’ tasks monitoring the Trump Organization, including by issuing quarterly reports and advising him of any violations.
The order https://t.co/HnlcRHo9s5 pic.twitter.com/4uOE0NGLUN
— Adam Klasfeld (@KlasfeldReports) March 21, 2024
NY court to snoop on Trump Organization finances for 3 years, judge orders https://t.co/nVkIcQLcDA
— Fox News (@FoxNews) March 22, 2024
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