Donald Trump just got caught in the act of trying to move Trump Org money around in New York civil fraud trial

| 6:55 pm EST November 29, 2023
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When New York Attorney General Letitia James first announced her intent to bring massive financial penalties against the Trump Organization, a number of panicked social media posts suggested that Donald Trump would just move his money around and avoid such penalties. But it doesn’t work that way. The point of moving money around is to keep investigators from catching on that you’re doing anything wrong to begin with. Once investigators are onto you, they’re watching your every financial move, and you’re not “getting away” with anything.

For instance, the court appointed financial auditor has now caught Donald Trump moving $40 million from the Trump Organization to his personal bank account, so that he could pay a massive $29 million tax bill. Trump isn’t allowed to pull money out of the Trump Organization for personal use, because the Trump Organization’s assets are subject to seizure in the ongoing civil fraud trial.

This goes to show that there are no parlor tricks that Donald Trump can use to avoid the financial fate that he’s facing. He can’t just shuffle his money around in order to avoid having it seized in this trial. This is also the latest evidence to suggest that Trump is in financial distress. What kind of “billionaire” is so short on cash that he can’t come up with a mere $29 million, without having to take it from a place he’s not allowed to?

Dear Palmer Report readers, we all understand the difficult era we're heading into. Major media outlets are caving to Trump already. Even the internet itself and publishing platforms may be at risk. But Palmer Report is nonetheless going to lead the fight. We're funding our 2025 operating expenses now, so we can keep publishing no matter what happens. I'm asking you to contribute if you can, because the stakes are just so high. You can donate here.