Trump funnelled money from donors into private business after election loss, report finds

Authored by independent.co.uk and submitted by dingo8yobb

Donald Trump has funnelled thousands of dollars from his donors into his private business after his loss in the 2020 presidential election.

The former president’s reelection campaign moved roughly $2.8 million from donors into the Trump Organisation over his term, including at least $81,000 since Mr Trump lost the election, according to Forbes, based on campaign finance reports submitted to the Federal Election Commission. .

One of his campaign’s joint-fundraising groups working with the Republican Party also moved another $4.3 million from donors into the former president’s business over the course of his time in office, including $331,000 after Election Day.

A week after news media outlets called the results of the election for Joe Biden, a joint-fundraising committee paid his hotels nearly $300,000 for room rentals, space and catering.

Nearly a month after Election Day, the campaign paid $38,000 to Trump Tower Commercial LLC, the business under which the former president owns a stake in his namesake tower in New York.

The filings reflect concerns among lawmakers and watchdog groups over the former president’s self-dealing and enrichment while in office, relying on public funds and his campaign to inflate his private business.

He made more than 500 visits to his properties while in office, while 346 executive branch officials made 993 visits to his properties while he was in office, and at least 143 members of Congress made 361 visits to properties he owns, according to Citizens for Ethics and Responsibility in Washington.

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His campaign and the joint-fundraising committee with the RNC, along with Trump-affiliated super PAC America First Action, spent more than $7 million and held 32 events at properties owned by the former president, CREW found.

The watchdog organisation found that special interest groups likely spent more than $13 million at properties he owns.

KateBushFuckingSucks on February 6th, 2021 at 00:42 UTC »

Just a reminder that there are more, younger, very slightly brighter, Trumps out there that will be doing this exact same thing and worse for years to come unless someone or some entity roasts this lying, cheating, treasonous, d-bag and holds his old fat ass accountable. I have just above zero faith in that happening but one can dream.

Twoweekswithpay on February 6th, 2021 at 00:31 UTC »

The former president’s reelection campaign moved roughly $2.8 million from donors into the Trump Organisation over his term, including at least $81,000 since Mr Trump lost the election, according to Forbes, based on campaign finance reports submitted to the Federal Election Commission. [...]

One of his campaign’s joint-fundraising groups working with the Republican Party also moved another $4.3 million from donors into the former president’s business over the course of his time in office, including $331,000 after Election Day.

And that’s just what we know about. Who knows how much they transferred to his companies during his term and after losing the election. The whole presidency was a grift. Gonna guess the grift doesn’t stop even after he loses an election either...🧐🤨

BeautifulFather007 on February 6th, 2021 at 00:22 UTC »

This was the plan all along.