That money belongs to NY!
this post was submitted on 21 Mar 2024
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Engoron’s soft touch in the courtroom was infuriating to witness as Trump gleefully spurned fines, but he’s built a solid case absent of bias accordingly and laid a foundation to spring his trap card:
Under the order, Trump must give five days advance notice "of any transfer of cash or other assets" totaling $5 million or more, "including transfers to any individual defendant." It happens to be five days before Trump's March 25 deadline to pay his fraud judgment to New York in full or, failing that, to set the money aside as he appeals…
Violations of Thursday's order could result in the judge ordering more penalties against Trump Org, the judge warned. Those potential penalties include throwing the company into receivership and the possible forced dissolution of assets
And Trump’s piggy bank isn’t off limits either:
Effective immediately, "the Trump Organization shall provide copies of monthly bank statements for all bank or brokerage accounts of the Trust within five business days of the end of each month," Engoron ordered.
The "Trust" is a reference to the Donald J. Trust Revocable Trust, which holds all of Trump Org's assets and for which Trump is the sole beneficiary.