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Nevilledog

(50,050 posts)
Wed Nov 29, 2023, 05:01 PM Nov 29

Trump Caught Moving Money Around to Pay Massive Tax Bill [View all]

https://www.thedailybeast.com/trump-caught-moving-money-around-to-pay-massive-tax-bill

No paywall
https://archive.is/38tRm

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.

Jones described the way she discovered the Trump family company once again breaking the rules during an audit of its finances in recent months. In the run-up to the ongoing bank fraud trial that threatens to vaporize the real estate company and boot the Trumps from the business world, Justice Arthur F. Engoron ordered the company to not start shifting around funds to avoid paying what’s becoming an increasingly threatening massive penalty.

That meant the Trumps had to notify Jones anytime they moved more than $5 million out of the billionaire’s massive trust. Except they didn’t.

*snip*


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I guess he pays taxes after all! Shermann Nov 29 #1
Not with his own money, of course gratuitous Nov 29 #2
I see lot's of $4.999MM transfers in the future. This is BS, make the overseer the automatic authorizer...... OAITW r.2.0 Nov 29 #3
That's why he wanted her recused. Bmoboy Nov 29 #4
Last week he wanted to call her as a witness in the fraud case. Nevilledog Nov 29 #6
It was a thinly veiled threat Owens Nov 30 #21
How so? Nevilledog Nov 30 #24
Oops! PatSeg Nov 29 #5
The last time I moved 40 million tavernier Nov 29 #7
I've certainly never had a problem doing that. dchill Nov 29 #8
Yep, they haven't caught me yet, either. Iggo Nov 30 #25
Come on now moniss Nov 29 #9
Weaselnuts...ground or whole bean? rubbersole Nov 29 #12
Whole bean I_UndergroundPanther Nov 29 #17
Laws and court rulings don't apply to tfg . Judge iluvtennis Nov 29 #10
Pleeeeeze, make this SOB accountable for something substantive with repercussions. You and I would be Evolve Dammit Nov 29 #11
Good effin grief malaise Nov 29 #13
I'm surprised he's paying taxes at all Diraven Nov 29 #14
He should have to notify them if he moved 5 bucks. AllyCat Nov 29 #15
The judge should use the money to pay his back taxes first. flying_wahini Nov 29 #16
Looks to me like the seperation between his buisness and himself are questionable. PurgedVoter Nov 29 #18
Comer will be right on it. Old Crank Nov 30 #19
So, what is the penalty? Old Crank Nov 30 #20
He's no longer invisible and invulnerable. Becoming President was a two-edged sword. Martin68 Nov 30 #22
I wonder who he will blame for this Sanity Claws Nov 30 #23
The IRS, of course. Attilatheblond Nov 30 #26
Give the Poor Guy a Break NowISeetheLight Nov 30 #27
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