As the questioning of witnesses continued this morning at former President Donald Trump trial in New York where he is accused of "numerous acts of fraud and misrepresentation" to inflate Trump's net worth while lowering his tax burden, Judge Arthur Engoron issued an order outlining the next steps to dissolve Trump's companies.
Last week, Engoron found that Trump and his adult sons used fraudulent documents to conduct business and ordered the cancellation of his business certificates. Trump appealed that ruling yesterday.
In today's order, Engoron asks the defendants to provide a list of "entities controlled or beneficially owned by Donald J. Trump" and the other co-defendants to the Hon. Barbara S. Jones, the independent monitor overseeing Trump's business activities. Trump is also required to notify Jones of any news business applications or changes to preexisting entities.
Money flows through many holes to avoid the IRS knowing about it. It’s part of the reason why things like offshore tax havens are so successful. Companies work very hard to make sure their profits are hidden, trump is no different