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Trump Family’s Explosive Outburst Over Court Monitor’s Financial Bombshell

According to a report by Daily Beast on Monday, January 29, 2024, the Trump Organization finds itself embroiled in yet another controversy as a retired federal judge overseeing its operations uncovers potential tax fraud within the company.

The Trump’s response? A retaliatory move that involves appointing their own accountant to monitor the court monitor—an action that has only served to escalate tensions and draw further scrutiny.

The latest development in this ongoing legal saga unfolded with the release of a scathing report by Judge Barbara S. Jones, who has been tasked with overseeing the Trump Organization’s compliance with court mandates.

In a bold move, a lawyer representing the Trump family launched a blistering attack on Judge Jones, accusing her of fabricating falsehoods in her report and questioning her motives.

The Trumps also expressed disdain over the substantial fees they’ve had to pay Jones for her services, dismissing her findings as baseless.

“That the monitor seeks to now perpetuate this folly is beyond the pale,” wrote Clifford S. Robert, who represents the Trump family.

The counterpunch comes just days after Jones revealed a bombshell about former President Donald Trump’s finances.

The crux of the issue revolves around revelations made in Jones’ report regarding former President Donald Trump’s financial dealings.

Specifically, Jones uncovered evidence suggesting that Trump may have misrepresented a personal loan he purportedly made to one of his companies—a revelation that could have significant implications for Trump’s tax liabilities.

“When I inquired about this loan, I was informed that there are no loan agreements that memorialize the loan, but that it was a loan that was believed to be between Donald J. Trump, individually, and Chicago Unit Acquisition for $48 million,” she wrote.

However, the Trumps’ attempts to discredit Jones were met with skepticism, particularly in light of the evidence presented in her report.

Despite their assertions to the contrary, the Trumps’ own documentation failed to provide conclusive proof of the existence of the loan in question, further undermining their credibility.

“The Trump entities of course never said the loan did not exist. Rather, they provided a copy of an internal memorandum reflecting simply that ‘no liabilities or obligations are outstanding’ under the loan at that time,” Robert wrote.

Throughout the ordeal, Judge Jones has remained steadfast in her pursuit of the truth, undeterred by the Trumps’ attempts to discredit her.

Her latest report has struck a nerve with the Trumps, prompting them to launch a concerted effort to undermine her credibility and bring an end to her oversight.

“The monitor has thus far been paid over $2.6 million in the past 14-months to ‘uncover’ seven immaterial disclosure items, three irrelevant inconsistencies and five clerical errors,” he wrote. “The court therefore must and should end this abusive and costly process.”

In the face of mounting pressure and scrutiny, the Trump Organization finds itself on the defensive once again, grappling with the fallout from Jones’ damning revelations.

As the legal battle rages on, the Trumps are left to reckon with the consequences of their actions and the potential ramifications for their business empire.

ASHLIE BLAKEY
ASHLIE BLAKEYhttps://tosbos.com/
Ashlie is a senior reporter for the TosBos News. She covers live and breaking news from 6 am every day. Ashlie joined the M.E.N. in 2019 having previously worked for Cavendish Press news agency.
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