Independent -The New York State judge overseeing Attorney General Letitia James’ fraud lawsuit against former president Donald Trump, his family, and his eponymous real estate and licensing company has issued an order barring the transfer of any of the ex-president’s or his company’s assets without notifying the court and the attorney general’s office.
New York County Supreme Court Justice Arthur Engoron on Thursday also granted Ms James’ request for an independent monitor to oversee compliance with his order, to be chosen from a list of recommendations made by Ms James and the Trump Organization.
The judge said a preliminary injunction is warranted “to ensure that defendants do not dissipate their assets or transfer them out of this jurisdiction”.
“OAG seeks to enjoin defendants from transferring any material asset to a non-party affiliate or otherwise disposing of material assets absent approval of this Court. In the event that defendants believe they have a legitimate reason to do so, they may apply to this Court for permission,” he wrote.
“In the absence of an injunction, and given defendants' demonstrated propensity to engage in persistent fraud, failure to grant such an injunction could result in extreme prejudice to the people of New York. Further, the relief sought is appropriately tailored to curbing unlawful conduct and ensuring that funds are available for potential disgorgement at the conclusion of this case”.
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