Trump’s Monitor Informs Jury Organization Given ‘Unfinished’ and ‘Incompatible’ Disclosures With ‘Errors’!
CNS News–In a significant development in the ongoing scrutiny of Donald Trump’s business operations, a court-appointed monitor has raised red flags regarding the financial disclosures of the former president’s enterprises. Barbara Jones, a former federal judge assigned the task of overseeing Trump’s business dealings, outlined her concerns in a detailed 12-page letter addressed to Manhattan Supreme Court Justice Arthur Engoron.
Jones, who was appointed as a monitor in November 2022 following a lawsuit by New York State Attorney General Letitia James, reported encountering “deficiencies” in the financial information she reviewed. Her findings pointed to disclosures that were either “incomplete,” showed “inconsistent” results, or contained outright “errors.”
Despite acknowledging the cooperative stance of Trump and his businesses, Jones highlighted issues with the completeness and timeliness of the information submitted to her, as mandated by the monitorship order and review protocol. The backdrop of these developments is a lawsuit initiated by Attorney General James against Trump, his three adult children, and two business associates.
The lawsuit accuses them of grossly inflating the former president’s assets by billions over a decade, leading to a September ruling by Engoron that dissolved Trump’s New York business empire for “persistent” fraudulent practices. Amid these allegations, Jones’s letter reveals that while the Trump Organization has made certain changes under her oversight, there remains a significant need for improvement to prevent potential misstatements and errors in financial reporting to third parties.
NEWS: Trump’s Court-Appointed Monitor Tells Judge Company Gave ‘Incomplete’ and ‘Inconsistent’ Disclosures with ‘Errors’
by @KlasfeldReports @TheMessenger https://t.co/vJg2F7N1uE— Darren Samuelsohn (@dsamuelsohn) January 26, 2024
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This situation, she warns, could lead to “incorrect or inaccurate” financial disclosures. Despite these concerns, Jones refrained from concluding whether the identified issues amounted to fraudulent activity, citing the limitations of her role which does not extend to pre-approving the Trump Organization’s financial submissions to third parties.
The revelations come as the attorney general’s office pushes for stringent penalties against Trump, including a substantial fine estimated at around $370 million and a proposed lifetime ban from New York’s real estate sector. These proposed sanctions underscore the gravity of the allegations and the potential implications for Trump and his business empire.
As the legal proceedings unfold, with Justice Engoron expected to rule on the requests by the end of the month, the spotlight remains on the financial practices of Trump’s businesses and the ongoing efforts to ensure transparency and accountability within the former president’s vast and complex business network.
