Donald Trump’s Favorite New York Judge Has Even More Bad News for Him
The judge presiding over Donald Trump’s business fraud case in New York has made it much, much harder for the former president to squirrel away cash.New York Supreme Court Judge Arthur Engoron ruled last week that Trump committed business fraud and ordered that all his New York business certificates be canceled. This makes it nearly impossible to do business in New York and could effectively kill the Trump Organization as it exists today.Engoron has now ruled, in a document filed late Wednesday, that Trump and his co-defendants must tell a court-appointed monitor, retired federal Judge Barbara Jones, if they transfer any assets of their companies.Trump, his sons Donald Jr. and Eric, longtime Trump Organization chief financial officer Allen Weisselberg, and Trump Organization executive Jeffrey McConney must also tell Jones if they apply for a new business certificate or transfer any business rights, properties, or benefits to someone else.Engoron has delivered loss after loss to Trump since issuing the partial summary judgment last week. He fined Trump’s lawyers $7,500 each for repeating arguments he had previously dismissed, and also issued a partial gag order barring involved parties from discussing court staff, after Trump tried to bully a court clerk and shared her personal information.Trump appears to be spiraling. He has repeatedly accused Engoron of being a Democratic political operative who is acting out of bias. Trump has also leveled vicious attacks at New York state Attorney General Letitia James, who sued him for fraud in the first place.James accused Trump of dramatically inflating his net worth, by as much as $3.6 billion in one year, by lying about the value of various real estate assets. Trump claimed his Trump Tower apartment in Manhattan was three times its actual size and worth $327 million, even though no New York City apartment has ever sold for that much. Trump also valued Mar-a-Lago at $739 million. In reality, it’s worth about a tenth of that amount. His valuation was based on the property’s potential for residential development, but the terms of its deed prevent the land from ever being used that way.
The judge presiding over Donald Trump’s business fraud case in New York has made it much, much harder for the former president to squirrel away cash.
New York Supreme Court Judge Arthur Engoron ruled last week that Trump committed business fraud and ordered that all his New York business certificates be canceled. This makes it nearly impossible to do business in New York and could effectively kill the Trump Organization as it exists today.
Engoron has now ruled, in a document filed late Wednesday, that Trump and his co-defendants must tell a court-appointed monitor, retired federal Judge Barbara Jones, if they transfer any assets of their companies.
Trump, his sons Donald Jr. and Eric, longtime Trump Organization chief financial officer Allen Weisselberg, and Trump Organization executive Jeffrey McConney must also tell Jones if they apply for a new business certificate or transfer any business rights, properties, or benefits to someone else.
Engoron has delivered loss after loss to Trump since issuing the partial summary judgment last week. He fined Trump’s lawyers $7,500 each for repeating arguments he had previously dismissed, and also issued a partial gag order barring involved parties from discussing court staff, after Trump tried to bully a court clerk and shared her personal information.
Trump appears to be spiraling. He has repeatedly accused Engoron of being a Democratic political operative who is acting out of bias. Trump has also leveled vicious attacks at New York state Attorney General Letitia James, who sued him for fraud in the first place.
James accused Trump of dramatically inflating his net worth, by as much as $3.6 billion in one year, by lying about the value of various real estate assets. Trump claimed his Trump Tower apartment in Manhattan was three times its actual size and worth $327 million, even though no New York City apartment has ever sold for that much.
Trump also valued Mar-a-Lago at $739 million. In reality, it’s worth about a tenth of that amount. His valuation was based on the property’s potential for residential development, but the terms of its deed prevent the land from ever being used that way.
