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February 19, 2024

Former District Court Judge Named to Oversee Trump Business

Now that the verdict is in for the Trump fraud case, the question now is who will take over Trump’s business interests in New York?

The answer to that question is former U.S. District Court Judge Barbara Jones.

Since Trump and his sons have been banned, it is Jones who will now be making the financial decisions.

She’s Taking Over

Jones is already neck-deep in Trump’s business.

She was named as the court-appointed monitor of the business in November 2022.

That appointment came almost immediately after the charges were announced by Attorney Letitia James and the partial summary judgment was issued by Judge Engoron.

While the trial played out, the business only needed to inform Jones of any financial moves it was going to make.

Now, however, Jones must approve all financial business decisions before they can be made, effectively making her the acting CEO of the company.

In addition to Jones’ expanded authorities, a new and independent compliance officer will be named over the next 30 days.

Jones is actually quite familiar with the Trump business activities, as she was appointed as the special master to oversee the privilege review of documents that were taken from Michael Cohen.

Jones also has some other notable cases in her past.

Movie fans will surely remember “Donnie Brasco,” the case of the FBI agent who infiltrated the mob. Jones was the presiding judge in the real-life case.

She was also the judge in the fraud case against WorldCom CEO Bernard Ebbers.

Since leaving the bench, Jones has specialized in corporate oversight ordered by the courts.

For now, she will have control over Trump’s New York assets, something I am sure is not sitting well with Trump.

Trump and his defense team have already stated they will appeal the verdict by Judge Engoron that led to Jones now having the final say on all financial decisions for his company.

I still believe that Trump will win the case on appeal, if not fully, then at least to the degree that the fine is decreased as well as the term of his business license being suspended.

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