1.5 C
Munich
Sunday, December 4, 2022

USA: Judge orders monitoring of Trump companies

Must read

- Advertisement -

A hard blow for the ex-US President: Actions by the Trump organization must now be approved by a court – and an examiner also has access to important information.

- Advertisement -

After a fraud lawsuit, financial flows from companies owned by former US President Donald Trump are to be monitored. A judge in New York decided to use an independent auditor to monitor the Trump Organization.

- Advertisement -

The judge thus complied with the request of the New York Attorney General Letitia James, who had filed a comprehensive lawsuit against Trump at the end of September.

The decision now severely restricts the freedom of the company. For example, the Trump Organization will be prohibited from selling assets or undertaking restructuring without first notifying the court and James’ office. The independent auditor must have access to financial reports and other important information – and the company must pay the auditor itself.

allegation of manipulation

The attorney general’s lawsuit targets Trump, his company named after him, and their three children, Donald Junior, Eric, and Ivanka, among others. James accuses them of having manipulated the goodwill of the Trump Organization on a large scale and for years.

Among other things, she wants to ensure that the Trumps have to pay 250 million dollars (256 million euros) as compensation. Trump’s group rejects the allegations; Donald Trump himself has so far refused to testify.

In October, James called for some financial flows to be controlled. She feared that Trump and his children might try to make arrangements ahead of the trial that would protect them from a possible conviction. There is every reason to believe that the defendants would continue to engage in similar fraudulent behavior until trial, she said.

Source: Stern

- Advertisement -
spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article