politics @lemmy.worldEnglish · 1 year ago

Trump Caught Moving Money Around to Pay Massive Tax Bill

www.thedailybeast.com

cross-posted to:
usa
politics@lemmy.world

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Trump Caught Moving Money Around to Pay Massive Tax Bill

www.thedailybeast.com

spaceghoti@lemmy.one to

politics @lemmy.worldEnglish · 1 year ago

cross-posted to:
usa
politics@lemmy.world

Trump wasn't supposed to be moving significant amounts of money around without notifying a court-appointed auditor. He just got caught paying himself so he could pay his taxes.

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.

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1 year ago
He only didn’t pay taxes through a combination of fraud and astronomical losses that you can pass forward for a period of years. That’s over now.

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