Trump Caught Moving Money Around to Pay Massive Tax Bill
Trump Caught Moving Money Around to Pay Massive Tax Bill
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.
Cool cool cool, that’s just great. So there are going to be immediate legal consequences, right???
Fuck I’m so tired of this.
I'm honestly starting to think he was sent to us as some sort of test to see how much bullshit we'll put up with before we revolt, and we're fucking failing.
[End Turn.]
This made my day.
But on Wednesday, she notified a New York state court
Just how fast you want them to move?! This was reported to the court TODAY.
And he stole classified documents three years ago. He orchestrated a failed coup three years ago too. At the rate this is going he's going to be elected grand emperor and he will just dismiss the cases against him.
Probably before with the many laws he’s already broken and been indicted for.
Wake me up if he’s in a high max security prison with an orange jumpsuit and a tear tattooed next to his eye
the legal ramifications for Trump is so great, that it’ll spill over to people who shouldn’t be in trouble but sadly had the letter ‘T’ in their name. So sorry Tommy and Tina, you’re going to jail cause our Orange Idiot is too rich.
Oh, you too Anthony and Bridgette, don’t think we didn’t see those T’s hiding!
What's the issue here exactly?
You legally can't treat a corporation as your personal ATM.
So again….. why is he not in prison again?
EDIT: I’d love for the cowards that are downvoting this to stand up, be counted, and speak their mind.
Because the US has never had a former president get caught so badly and there isn't precedent for this.
Particularly in that he's running for president again, is the presumptive GOP nominee based on poll data, and the Supreme Court is functionally in his pocket.
That last part is important. Courts are bending over backwards to accommodate him, because they don’t want to give him any way to claim his trials were unfair. You can only appeal a ruling on the basis of mistrial. Basically, you have to show the appeals court that your previous trial was unfair in some way. So the lower courts are doing everything they can to avoid giving him ammo for that appeal.
Because the lower courts know that if it successfully gets appealed, the courts get exponentially more conservative as they go up. So his chances of getting away with it dramatically increase with each subsequent appeal. And if it makes it all the way to the SCOTUS, they’ll happily light the constitution on fire to let him walk. So their best chance is to nip it in the bud now, by making the courtroom proceedings as appeals-proof as possible. And the only way to do that is to avoid seeming unfair at every opportunity.
In a legal sense, it's only unprecedented if you start from the assumption that the law doesn't apply to former presidents the way it does to anyone else.
The real issue is they've never tried to prosecute a tinpot dictator with an army would-be terrorists and a bunch of collaborators in key positions in the federal government.
There is precedent, the GOP just likes to forget that. Ulysses S Grant was prosecuted as a sitting president. It was for a misdemeanor of "speeding on horseback while in the city limits of Washington DC," but that just reinforces that we absolutely can and will prosecute even a sitting president for minor crimes, much less a "former president," which is just a normal citizen, for 96 felonies.
*Because the US is a kleptocracy masquerading as a democracy.
I’m no fan of the current court, but to say it’s in Trump’s pocket is ludicrous. If they were, they would not have rejected his election challenge appeals related to the 2020 election.
The actual answer is "because the law moves very slowly in general and Trump knows it's to his advantage to draw out the process". There's nothing particularly unusual about this process. The people who go to jail right away are people who can't afford lawyers and take bad deals, or who can't afford cash bail (which usually leads to them taking bad deals).
I’d love for the coward that’s downvoting this to stand up, be counted, and speak their mind.
That edit... I didn't downvote you, but you're really that upset about 4 downvotes?
Not just a tax bill, but insurance bills and attorney bills for the Carroll case.
But the rest apparently went to cover Trump’s mounting legal costs following a searing jury verdict in May that determined he sexually assaulted the journalist E. Jean Carroll—and slapped him with a $5 million penalty.
“I have also confirmed that the other transfers were for insurance premiums and to an attorney escrow account,” Jones wrote, referencing the Carroll case.
What a guy.
I feel like there should be a little more headlines about that, but after typing this who am I kidding? Thats not gonna damage him in anyway.
Does this imply that his funds generated from begging to his supporters are drying up?
I'm under no illusion that it'd be due to change 9f heart, but maybe they're tapped out at this stage.
He says he's a billionaire, so all of this is supposed to be a rounding error at most. It's becoming more clear he isn't even a billionaire, and is in serious trouble with major banks. The NY trial could rout his "business empire." Unfortunately he'll still win the regressive nomination.
Weird headlines for days around here O.o I had to come see what was going on because "Trump caught paying taxes" just sounds like a joke 😅
The only really surprising thing I see is that he's paying taxes at all. Also, what's the difference between quietly and loudly moving $40 million around? I honestly have no idea what kind of sound that makes.
He's under an injunction against quietly transferring funds around in case he tries to hide it. Let's be honest, he probably has accounts he hasn't declared that should be accounted for. If it's a legitimate expense all he had to do was let the observer know what he was doing and why. But instead he did it hoping it wouldn't be noticed.
He's a moron.
Because of the financial fraud trial involving the company, they're required to notify the judge anytime they move money around. "Quietly" in this case means they didn't do that.
I think 'quietly' is standing on for 'fraudulently' here.
That's how they got Al Capone, for tax evasion.
Stop it, you're killing me....Next you'll tell me he's disseminated classified materials to foreign nationals.
Keeping secret materials in your pool house bathroom is something from a scrapped episode of Arrested Development.
It would be cool if he actually got punished for being the con-artist he is.
45 for prison 2024
Wait, he pays taxes?
He does now. Most of his ability to dodge taxes is either under investigation or shut down right now. Being under 91 active indictments isn’t the best time to be cheating on your taxes, but this is Trump after all…
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.
Lock him the fuck up already.
I wish there was some way to cut off any funds to him via fundraising and crowdfunding. John Barron spent years lying about his wealth and now his supporters act like he's some kind of charity case. Do they even hear themselves when they justify sending a so-called billionaire their cash?
What does surprise me more? That he circumvents court orders to move around money, or that he actually pays (significant) taxes for a change?
Headline could reach "Wealthy person found loopholes and illegal ways to keep more of their money." I mean, if you're gonna eat the Candy Korn, EAT EM ALL :)
Again?