Trump wasn't supposed to be moving significant amounts of money around without notifying a court-appointed auditor. He just got caught paying himself so he could pay his taxes.

A court-ordered financial auditor has caught Donald Trump quietly moving $40 million from the Trump Organization into a personal bank account—seemingly so the former president could pay his whopping $29 million tax bill.

Trump isn’t supposed to be moving any money around without alerting Barbara S. Jones, a former federal judge in New York tasked with babysitting the Trump Organization for its relentlessly shady business practices. But on Wednesday, she notified a New York state court about some major bank transfers that were never brought to her attention by the Trumps.

  • ryrybang@lemmy.world
    52·
    1 year ago

    Not just a tax bill, but insurance bills and attorney bills for the Carroll case.

    But the rest apparently went to cover Trump’s mounting legal costs following a searing jury verdict in May that determined he sexually assaulted the journalist E. Jean Carroll—and slapped him with a $5 million penalty.

    “I have also confirmed that the other transfers were for insurance premiums and to an attorney escrow account,” Jones wrote, referencing the Carroll case.

    What a guy.

    • Sanctus@lemmy.worldEnglish
      14·
      1 year ago

      I feel like there should be a little more headlines about that, but after typing this who am I kidding? Thats not gonna damage him in anyway.

    • Bleeping Lobster@lemmy.worldEnglish
      6·
      1 year ago

      Does this imply that his funds generated from begging to his supporters are drying up?

      I’m under no illusion that it’d be due to change 9f heart, but maybe they’re tapped out at this stage.

      • somethingsnappy@lemmy.world
        3·
        1 year ago

        He says he’s a billionaire, so all of this is supposed to be a rounding error at most. It’s becoming more clear he isn’t even a billionaire, and is in serious trouble with major banks. The NY trial could rout his “business empire.” Unfortunately he’ll still win the regressive nomination.