Trump Busted Moving Whopping $40 Mil Without Telling Fraud Watchdog — To Pay Off Taxes and Sexual Abuse Case

Former President Donald Trump used $40 million in payments that weren’t disclosed properly to a financial watchdog to pay for taxes and expenses related to his sexual assault judgment.

Trump has already testified at his trial in the fraud case brought by New York Attorney General Letitia James and presided over by Judge Arthur Engoron. But the trial goes on as the defense presents its case.

On Wednesday, Judge Barbara Jones — the independent monitor appointed as a watchdog for Trump Organization finances at the request of AG James — told the court via a letter that while she discovered the undisclosed payments and set the company straight, they now appear to be complying:

Former judge Barbara Jones, the independent monitor requested by the New York attorney general in the case, wrote in a letter to Judge Arthur Engoron that she had identified three separate cash transfers of more than $5 million, totaling approximately $40 million. Jones said the transfers included $29 million in tax payments and roughly $10 million for insurance premiums.

“We have discussed with Defendants why these transactions were not previously disclosed, and I have now clarified (and Defendants have agreed) that all transfers of assets out of the Trust exceeding $5 million must be reported,” Jones wrote.

Jones also requested information related to an intercompany loan and flagged the delayed disclosure of tax returns for six of Trump’s entities, which defendants acknowledged as their mistake.

Jones added that “Defendants continue to cooperate with me and are generally in compliance with the Court’s orders, and have committed to ensure that all required information, including tax information and cash transfers, are promptly disclosed to the Monitor” at this time.

According to CNBC, the payments included “the $5.6 million that Trump posted in June as security while he appeals a civil jury verdict in favor of the writer E. Jean Carroll for sexually abusing her in the 1990s and for defaming her when she went public with her allegation when he was in the White House.”

Judge Lewis Kaplan issued a ruling in August dismissing Trump’s countersuit against Carroll, and wrote that “Mr Trump did in fact ‘rape’ Ms Carroll as that term commonly is used and understood in contexts outside New York Penal Law.”