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Trump Faces Enhanced Monitoring as $40 Million in Undisclosed Cash Transfers Surface in Ongoing Civil Fraud Trial

In a significant development, former President Donald Trump is now subject to “enhanced monitoring” as a result of revelations made by Trump Organization monitor Barbara Jones.

Law360’s Frank G. Runyeon reported on Wednesday that Jones identified previously undisclosed cash transfers amounting to $40 million. This revelation prompted Jones to inform Judge Arthur Engoron, who is overseeing Trump’s civil fraud trial in New York.

According to a report by Raw Story on Thursday, November 30, 2023, In a detailed communication, Jones emphasized the Materiality Threshold, which mandates notice when transfers outside the Trust exceed $5 million in aggregate value.

She disclosed the observation of three cash transfers, each surpassing $5 million, totaling approximately $40 million. Notably, one transfer involved a substantial $29 million directed to Donald J. Trump, confirmed to be utilized for tax purposes.

Additionally, Jones highlighted a $5.5 million transfer, specifically used to settle the sexual assault judgment against Trump in a case brought by advice columnist E. Jean Carroll earlier this year.

The civil fraud case, initiated by New York State Attorney General Letitia James, asserts that Trump and his two adult sons engaged in systematic deception regarding the Trump Organization’s asset values.

This alleged manipulation aimed to influence interest rates and tax treatment over an extended period. Engoron has previously ruled in favor of James on the merits of the fraud allegations through summary judgment.

The ongoing phase of the case primarily focuses on assessing damages, with James seeking substantial fines and the dissolution of the Trump Organization. The enhanced monitoring of Trump underscores the heightened scrutiny surrounding the financial intricacies of the case.

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