Trump ‘breaks court ruling’ by moving $40m from Trump Organisation to personal bank account – By Tony Diver (The Telegraph) / Nov 29, 2023
Donald Trump has been accused of using his company’s funds to pay his tax and legal bills, in breach of a court ruling that requires him to notify a financial auditor before withdrawing cash.
The former president reportedly moved $40 million (£31.5 million) from the Trump Organisation into a personal bank account in three cash transfers across ten months of financial statements, The Daily Beast reported.
Mr Trump has been ordered to notify Barbara S Jones, a former federal judge, before withdrawing more than $5 million from his trust, in an attempt to regulate the Trump Organisation’s business practices.
Ms Jones has notified a New York State court that Mr Trump moved the money out of his businesses account to pay a $29 million tax bill and a $5 million penalty from the E Jean Carroll lawsuit.
