Donald Trump accused of defying court order after financial advisor discovers money transfers
New York, New York - A financial advisor has discovered that Donald Trump has been moving millions of dollars from his Trump Organization, which defies a court order placed in his New York fraud trial.
According to The Daily Beast, Barbara Jones, the court-ordered financial advisor that is tasked with overseeing the Trump Organization as the former president fights the case, discovered that Trump moved $40 million from the organization's funds to his personal bank account
The move is believed to have been made to help Trump pay off a hefty $29 million tax bill he owes.
Judge Arthur Engoron, who is presiding over the case, appointed Jones to look over the company's finances in an effort to make sure they have the funds to pay the penalty decided at the end of the trial, which could be up to $250 million.
As part of the order, Trump would have to notify Jones if he were to move any more than $5 million out of the trust.
Jones discovered, while reviewing 10 months of bank statements from 12 separate accounts, that Trump made "three cash transfers" totaling $40 million without notifying her.
Jones also "confirmed" that the remaining money was used to pay the $5 million penalty Trump was ordered to pay in a seperate defamation trial with journalist E. Jean Carroll, where a jury found that he sexually assaulted her.
Cover photo: Collage: Brendan SMIALOWSKI & SAUL LOEB / AFP