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.Īmong other things, it would require two weeks' notice to the AG's office when the companies sells or transfers assets. 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. New York state judge Arthur Engoron handed down the ruling after indicating the government had met it's 'heavy burden' in the matter. 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.
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