Trump ordered to pay nearly $355 million in civil fraud trial
While Judge Arthur Engoron did not dissolve the business certificates for the Trump Organization, as he had initially laid out, he did order several restrictions and stipulations to be enacted for the next few years.
Engoron wrote that a monitor he put in place for the company was to stay in place for at least three years.
The monitor, who has access to records and the internal workings of the business, is a retired federal judge who specialized in high-stakes, high-profile matters, according to Elie Honig, a former federal prosecutor and CNN senior legal analyst.
The monitor issued a report a few weeks ago that said she found inconsistencies in her initial review of the company. That could lead to more trouble for the Trump Organization, Honig said.
“But if the goal is to rehabilitate the company, then this is the right person for it,” Honig said.
CNN’s Jeremy Herb contributed reporting to this post.