New York judge assigns monitor to oversee Trump Organization's financial statements

Key Facts

CNN — A New York state judge on Thursday imposed a monitor to oversee the Trump Organization’s financial statements after the New York attorney general’s office asked for added oversight to stop what they allege is a decade-long fraud conducted by former President Donald Trump and three of his adult children.
“Today’s decision will ensure that Donald Trump and his companies cannot continue the extensive fraud that we uncovered and will require the appointment of an independent monitor to oversee compliance at the Trump Organization,” James said in a statement.
Kevin Wallace of the attorney general’s office told the court Thursday at the first hearing in this case since the lawsuit was filed, that the office does not want to impede daily operations at Trump Org.
Wallace told the court, “I am not representing corporate titans” but suing the Trump conglomerate to ensure a “honest and fair business environment in the state of New York.”