Monday, 28 Nov 2022

New York attorney general seeks special monitor to oversee Trump firm

New York attorney general seeks special monitor to oversee Trump firm


New York attorney general seeks special monitor to oversee Trump firm

James asked a state court in Manhattan to bar the Trump Organization from offloading its assets while the case plays out and to prevent it issuing financial statements that do not explain their methodology, court papers showed. James asked to speed up the case and sought a trial date for October 2023.

The attorney general said it was necessary to install the monitor before the trial to make sure the company does not sell assets and to oversee its submission of financial information to third parties.

The Trump Organization manages hotels, golf courses and other real estate around the world, and had been under investigation by James for more than three years.

The Manhattan district attorney, Alvin Bragg, has separately charged the Trump Organization with criminal tax fraud, and is preparing for a 24 October trial.

James asked in the injunction for an independent agent who, until the trial, will monitor any activity relevant to sharing financial information.

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