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Trump Organization will now have an independent monitor during New York’s $250million lawsuit

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The New York Judge overseeing the $250 million lawsuit against him said Thursday he will assign an independent monitor to oversee the sprawling real estate and branding enterprise that Trump has guided himself for decades.

New York state judge Arthur Engoron handed down the ruling after indicating the government had met it’s ‘heavy burden’ in the matter. New York Attorney General Letitia James and her team of prosecutors have accused the Trump Organization of repeatedly inflated the prices of assets in order to secure favorable terms from banks, while depriving taxpayers of millions in tax revenue.

The move would limit Trump’s ability to make splashy deals, unload assets or undertake corporate reshuffling – things Trump has been able to do with a relatively free hand since taking over the company founded by his father, Fred Trump. 

Among other things, it would require two weeks’ notice to the AG’s office when the companies sells or transfers assets. James’ office pushed for the monitor, in part by citing recent moves by the company, including incorporated a new LLC in Delaware shortly before her office filed the suit. 

‘Let’s be real here,’ Engoron told Trump lawyer Christopher Kise, an experienced litigator who joined the president’s team. ‘They submitted all these documents. What kind of evidence do you want? This is a motion for preliminary injunction,’ he said in court. 

Former President Donald Trump’s real estate empire will be overseen by an independent auditor amid New York’s $250 milion lawsuit against it, said Judge Arthur Engoron. Trump days ago tore into Engoron, calling him ‘vicious.’ New York AG Letitia James accuses him of committing fraud

Kise cast the order as bordering on socialism. ‘The order itself really borders on nationalization of a private enterprise,’ he said, referencing Trump’s collection of golf courses and trophy real estate in Manhattan, south Florida, and other areas.

The case could take a year or more, Politico reported, which would put the auditor in charge during a critical year for former President Donald Trump, who has been edging closer to a run for president in 2024.

When he was in the White House, Trump handed over the reigns to adult sons Donald Trump Jr. Eric, as well as former CFO Allen Weisselberg. Weisselberg has pleaded guilty to tax fraud and is testifying for the prosecution in a separate criminal tax fraud trial of the Trump Organization.

Judge Engoron’s decision on an independent auditor came days after Trump last week tore into the judge in an angry post on his Truth Social web site, railing against the judge who held him in contempt of court and fined him $110,000 for failing to give a deposition. 

That ruling came in the long-running investigation by James. Trump’s attack comes a week after a state administrative judge denied Trump’s push to move the case to another courtroom.  

‘The only person who may be worse than weak on violent crime A.G. Letitia ‘Peekaboo’ James, is the Judge we have on her ridiculous & highly partisan case against me & my family,’ Trump wrote on his Truth Social platform.

‘His name is Arthur Engoron, & he is a vicious, biased, and mean ‘rubber stamp’ for the Communist takeover of the great & prosperous American company that I have built over a long period of years,’ Trump wrote. ‘He was appointed by my worst enemies. Case was to go to a new Judge, but he demands to keep it. I have no jury or Civil Rights!  

Engeron, who attended Columbia University and New York University Law School, was elected to his post on the states Supreme Court First Judicial District in 2015. 

Engeron earlier fined Trump $110,000 and forced him to sit for a deposition in the case. When Trump finally sat for it, he repeatedly invoked the Fifth Amendment.

James sued Trump last month after a three-year probe, accusing Trump of engaging in ‘numerous acts of fraud.’

In addition to seeking to claw back cash she alleges Trump defrauded taxpayers out of, James is seeking to rip away his ability to do business in the state for years.

Trump once again attacked state AG Letitia James

Trump once again attacked state AG Letitia James

Judge Arthur Engoron fined Trump $110,000 over his failure to sit for a deposition

Judge Arthur Engoron fined Trump $110,000 over his failure to sit for a deposition

Prosecutors in the civil suit accuse Trump and his three adult children of pumping up property far beyond their actual valuations when seeking lending to expand his real estate empire. James accused Trump of inflated the value of assets by billions and using those faulty assessments to gain favorable loans.

‘Claiming you have money that you do not have does not amount to the ‘Art of the Deal. It’s the art of the steal,’ she said.

Trump’s legal team objected to Judge Engoron’s involvement in the case. They accuse James’ office seeking to ‘judge shop’ by citing Engoron’s experience with the case.

Trump lawyer Alina Habba late last month filed a letter with a state administrative judge asking the case to be moved to the court’s Commercial Division, which handles complex litigation, and away from Engoron. 

Last week she blasted the government’s motion in the matter, calling it ‘nothing more than a thinly-veiled attempt to keep this case with Justice Engoron rather than have it transferred to the Commercial Division where it belongs.’ 

Trump’s own team is accused of filing suit in Florida related to the FBI search for government documents at Mar-a-Lago in a court venue where Judge Aileen Cannon, who was appointed by Trump and confirmed weeks before he left office, sits on the bench.

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