NEW: Justice Engoron in the NY AG civil fraud case beefs up the role, control, and oversight of the Independent Monitor, Retired Judge Barbara Jones.
documentcloud.org/documents/2449…
documentcloud.org/documents/2449…
One NEW and important provision in today’s order:
The Trump Organization must inform Ret. Judge Jones of any efforts to secure a surety bond.
The Trump Organization must inform Ret. Judge Jones of any efforts to secure a surety bond.
This court appointment is for 3 years from today.
Jones will assess the Trump Org’s internal financial controls and can make recommendations that the Court can order implemented.
Financial disclosures must be provided to Jones prior to being issued to third parties.
Jones will assess the Trump Org’s internal financial controls and can make recommendations that the Court can order implemented.
Financial disclosures must be provided to Jones prior to being issued to third parties.
If Jones observes “any material misstatements, misrepresentations, or omissions” she will immediately report them to the Court.
Trump Org. must provide monthly bank statements. It must give her notice before any cash transfer totaling $5 million or more.
Trump Org. must provide monthly bank statements. It must give her notice before any cash transfer totaling $5 million or more.
Any creation or dissolution of business entities, any debt or equity restructuring, any payment or payoff of any debt outside of the ordinary course must be reported to Jones.
The Defendants cannot transfer assets or reincorporate existing business entities in another jurisdiction to evade compliance with this Order.
If the defendants violate this Order, the Court can modify it and “order such relief as the Court deems just and proper.”
The NY AG’s Office, as well as Jones, can also seek further relief under this Order.
The NY AG’s Office, as well as Jones, can also seek further relief under this Order.
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