Her uncle moves money like a mob boss. A recent report from The Daily Beast has brought to light allegations that former President Donald Trump engaged in unauthorized financial transactions. According to the report, Trump is said to have transferred $40 million from the Trump Organization to his personal account, a move that was allegedly meant to cover his tax and legal expenses.
This transfer is contentious because a court order, issued by Justice Arthur Engoron, explicitly instructed Trump not to rearrange his assets in this manner. The situation is overseen by Barbara Jones, a former federal judge and now a court-appointed monitor for the Trump Organization.
In a recent discovery, Jones informed a New York state court that she had uncovered significant bank transfers that the Trumps had not previously disclosed to her. This discovery is critical because Trump and his company are legally obligated to inform Jones of any transfers exceeding $5 million from Trump’s trust, according to CNBC.
The total of the transfers in question is reportedly around $40 million, occurring through at least three separate transactions since January. In response to this, Jones has emphasized to the defendants the necessity of reporting all transfers exceeding the $5 million threshold.
Mary Trump, a niece of the former president, has expressed her desire for legal action to be taken against her uncle for these transfers. She mentioned that New York Attorney General Letitia James is aware of the situation, indicating a potential escalation in legal scrutiny. Mary Trump’s comments suggest she is anticipating significant legal repercussions for her uncle.