Trump put under 'enhanced monitoring' over undisclosed $40 million cash transfer: report

Former President Donald Trump has been placed under "enhanced monitoring" after Trump Organization monitor Barbara Jones identified $40 million in previously undisclosed cash transfers, reported Law360's Frank G. Runyeon on Wednesday.

Jones alerted Judge Arthur Engoron, who is overseeing Trump's civil fraud trial in New York.

"The Materiality Threshold ... requires that Defendants provide notice when entities within the Trust make transfers outside of the Trust with an aggregate value in excess of $5 million," she wrote, adding that "we observed three cash transfers exceeding $5 million each, totaling approximately $40 million," including a transfer of "$29 million to Donald J. Trump, which I have confirmed was used for tax purposes."

Another $5.5 million transfer, Jones wrote, was used to pay the sexual assault judgment won against Trump by advice columnist E. Jean Carroll earlier this year.

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The civil fraud case was brought by state Attorney General Letitia James, who argues that Trump and his two adult sons systematically lied about the value of the Trump Organization's assets for years to manipulate interest rates and tax treatment.

Engoron has already ruled in favor of James on the merits of the fraud allegations on summary judgment, and the remainder of the case is primarily about assessing damages. James is seeking hundreds of millions in fines and the dissolution of the Trump Organization.