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