Trump Flagged for $40M in Undisclosed Cash Transfers

Facts

• Former US District Court Judge Barbara Jones, the watchdog overseeing the financial statements of former Pres. Donald Trump's company, has flagged three transactions that weren't properly disclosed.¹
• In 2022, Manhattan Supreme Court Justice Arthur Engoron, overseeing Trump's civil fraud trial, placed the Trump Organization under court monitoring and ordered the former president to inform Jones whenever he made a transfer larger than $5M.²
• Jones claims the cash transfers totaled around $40M, with $29M going to Trump for tax payments. While a second transfer was made to pay insurance premiums, $5.6M was kept as security while he appealed the E. Jean Carroll sexual assault judgment.³
• In a letter to Engoron, Jones informed the judge of the violations but also noted that the Trump Organization had cooperated with the investigation and generally complied with court orders.⁴
• This trial involves New York Attorney General Letitia James' accusations that the Trump Organization has engaged in bank, tax, and insurance fraud for years. Trump, the defense's last witness, is expected to testify later this month.⁴

Sources: ¹Newsweek, ²The Messenger, ³MSNBC and ⁴NBC.

Narratives

• Pro-Trump narrative, as provided by World Time Todays. Oversights happen in business. As detailed in Jones' letter, no suspicious activity or actual fraud was found during her investigation. The Trumps are cooperating with her work despite this trial being politically motivated to derail the former president's campaign.
• Anti-Trump narrative, as provided by Raw Story. Even when he's in the midst of a civil trial with millions of dollars on the line, Trump can't stop doing nefarious deeds. Now that he's violated a court order, Trump should face penalties from James, who can once again prove that no one is above the law.

Predictions