Trump Org, in major victory for NY AG 

A New York judge has approved a preliminary injunction and an independent monitor to oversee the Trump Organization in an order that follows several hours of oral arguments Thursday. 

The judge chided the Trump defense team for failing to submit "an iota of evidence" that would rebut the New York attorney general's allegations of "comprehensive demonstration of persistent fraud" within the Trump Organization.

In deciding to appoint a monitor to supervise parts of former President Donald Trump's business and grant a preliminary injunction to stop, what the attorney general's office described as "ongoing fraudulent activities," Judge Arthur Engoron said Trump has "demonstrated propensity" to engage in fraud, specifically calling out the overvaluation of Trump's New York City apartment.

MORE: Trump sues New York AG Letitia James after she sued him for $250M

Until he moved to Florida, Trump lived in an 11,000-square-foot triplex in Trump Tower. Between 2012 and 2016, Trump represented the size of the apartment to be 30,000 square feet and valued it as high as $327 million.

Former Trump Organization CFO Allen Weisselberg testified the valuation "overstated the apartment's value by give or take $200 million," according to the attorney general's office. 

To the extent that defendants assert that the over-valuation of approximately $200 million was not intentional but an inadvertent mistake, such argument is irrelevant under Executive Law 63 (12)," Engoron wrote.