A New York state judge on Thursday ordered that an independent monitor be appointed to oversee the Trump Organization before a civil fraud case by the state's attorney general against Donald Trump's company goes to trial.
The judge, Justice Arthur Engoron, is presiding over state Attorney General Letitia James' $250 million lawsuit accusing the former US president, his company and three of his adult children of over-valuing assets and Trump's net worth through a decade of lies to banks and insurers. FILE PHOTO
Last month, James asked the Manhattan-based judge to appoint a watchdog to halt "staggering" fraud at the company and keep the Trumps from transferring assets out of her reach. "You said experts can disagree" on valuation, the judge told Christopher Kise, a lawyer for Trump. "But does there reach a point it's just not a disagreement ... but bad faith?"
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