Judge Arthur Engoron ordered New York courts to monitor the Trump Organization’s finances for three years.
Engoron appointed Barbara Jones, a former federal judge, as the monitor.
“During the Term of the monitorship, the Monitor shall review Defendants’ internal accounting controls, governance, record-keeping, and financial reporting policies and procedures,” wrote Engoron.
Engoron continued: “The Monitor shall also review Defendants’ compliance with internal accounting controls, including any recommended and/or ordered financial and accounting procedures. The Monitor shall also establish a protocol to review Defendants’ preparation and presentation of financial disclosures prior to their issuance to third parties.”
Trump also said he has almost $500 million in cash to post the bond in the civil fraud case.
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