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Politics : Formerly About Advanced Micro Devices
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From: Brumar892/22/2024 8:17:27 AM
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The court is in charge of Trump's empire now:


Why Donald Trump May Not Be Allowed To Sell Property To Pay For Lawsuits (newsweek.com)

Barbara Jones, who is now monitoring Donald Trump's property empire, is to appoint a compliance officer to oversee the former president's companies. That compliance manager will have the ultimate say on any property transactions.

Jones was appointed by Arthur Engoron, the judge in Trump's New York fraud trial, after he found the former president had grossly inflated the asset value of his companies and could not be trusted to run the property empire.

When he delivered his final ruling against Trump on February 16, Engoron gave Jones 30 days to appoint a compliance director.

Greg Germain, a law professor at Syracuse University in New York, told Newsweek that this compliance director "has the ultimate decision-making authority on operating or selling property. Trump could ask for sale, but he wouldn't control the decision."

Germain believes that the compliance director would agree to a sale if Trump requested.

The money Trump will have to pay from recent lawsuits exceeds his liquid assets by $112.3 million, according to Newsweek calculations, so the sale of property may be inevitable.

Forbes estimated as of September Trump had some $426 million in cash and liquid assets. Trump has been ordered to pay $5 million and $83.3 million from the two E. Jean Carroll lawsuits, for a combined value of $88.3 million.
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