New York Supreme Court Judge Arthur F. Engoron, who recently dealt a significant blow to Donald Trump’s family business, has proactively taken measures to prevent the former president from surreptitiously relocating his assets in an attempt to shield them from legal repercussions.
In a directive issued on the fourth day of Trump’s bank fraud trial, Justice Engoron issued a firm order requiring the Trumps to disclose any corporations under their control. The directive further demanded transparency regarding any intentions to manipulate financial resources to conceal or preserve their wealth.
This decisive action is a strategic move designed to counteract the dubious tactics that Trump has demonstrated throughout the extensive three-year investigation.
Donald Trump, along with his sons Don Jr. and Eric, and two other high-ranking executives, has been instructed to provide information to the court concerning “any other entity controlled or beneficially owned” by them, the “creation of new entities to hold or acquire assets,” and “anticipated transfers of assets.”
Additionally, Judge Engoron has vested authority in Barbara Jones, a former federal judge currently overseeing the Trump Organization as a court-appointed monitor. Jones will oversee this phase until a suitable individual can be appointed to dissolve Trump’s companies. This robust legal maneuver aims to ensure accountability and transparency in the face of potential attempts to manipulate financial structures.
