Trump's $40 Million Undisclosed Cash Transfers Raise Legal Concerns
The financial watchdog overseeing the Trump Organization has informed a New York judge about $40 million in previously unreported cash transfers, including $29 million sent to former President Donald Trump for tax payments. The transfers also included insurance premiums and the $5.6 million Trump posted as security while appealing a civil jury verdict in favor of writer E. Jean Carroll. The monitor, Barbara Jones, appointed to oversee the financial statements of Trump's company as part of a business fraud lawsuit, noted that the defendants have agreed to report all transfers exceeding $5 million. Trump's lawyer stated that the defendants continue to cooperate with the monitor and remain in compliance with the court order.
