Trump ‘breaks court ruling’ by moving $40m from Trump Organisation to personal bank account (The Telegraph)

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    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.

    CONTINUE > https://www.msn.com/en-us/money/companies/trump-breaks-court-ruling-by-moving-40m-from-trump-organisation-to-personal-bank-account-report/ar-AA1kKFo7?ocid=msedgntp&pc=HCTS&cvid=fb3dd86e1b8f4c60b3b50f2d2a4fd86d&ei=29

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