"Judge Tightens Oversight on Trump Organization's Finances Amid Appeal Bond Efforts"

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Source: CNBC
"Judge Tightens Oversight on Trump Organization's Finances Amid Appeal Bond Efforts"
Photo: CNBC
TL;DR Summary

A judge has ordered the Trump Organization to inform a court-appointed financial overseer about any future attempts to secure appeal bonds, following the company's struggle to obtain a bond for a civil fraud case. The order requires disclosure of all efforts to obtain surety bonds, personal guarantees, and any conditions imposed on the company. The financial monitor, Barbara Jones, has been tasked with overseeing the Trump Organization's financial activities, prompting complaints from the company. If the appeal bond is not secured, New York's attorney general can begin seizing Trump's properties to collect the judgment.

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