Trump shifted campaign donor funds into his heavily indebted private business after his election los

[Judi Lynn]

Source: Business Insider

Trump shifted campaign donor funds into his heavily indebted private business after his election loss, report says
[e-mail] (Joshua Zitser) 51 mins ago

Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization, according to documents from the Federal Election Committee (FEC) seen by Forbes.

He moved around $2.8 million into his private businesses throughout the duration of his presidency, Forbes's Dan Alexander reported.

Trump funneled an additional $81,000 into the Trump Organization after his election loss, the magazine said.

The payments were made public in the filings the campaign submitted to the FEC and were liest to cover costs including rent, airfare, lodging, and other expenses.

One of the campaign's joint-fundraising committees, associated with the Republican Party, also moved an estimated $4.3 million of donor money into his private business during his presidential term, according to Forbes.



Read more: https://www.msn.com/en-us/news/politics/trump-shifted-campaign-donor-funds-into-his-heavily-indebted-private-business-after-his-election-loss-report-says/ar-BB1drwRA?li=BBnb7Kz

[Walleye]

1. That's got to be illegal, right?

[Drahthaardogs]

2. I believe whatever is left in your warchest

Upon retirement is yours to keep

[Walleye]

4. There's no accounting for chumps and suckers. Never give them an even break.

[3Hotdogs]

5. But it looks like some of this was transferred BEFORE he retired.

[ailsagirl]

10. I'm sure it was

He’s just “that kinda guy”

[JohnnyRingo]

20. I believe he's paying himself for bills the campaign...

...ran up at various Trump facilities. Rent, catering, and transportation costs that he was uniquely able to collect from his own campaign. Good thing he doesn't own a chain of jewelry stores.

[KentuckyWoman]

31. He can pay himself speaking fees too.

What he did is probably legal. Campaign finance laws are immoral.

[sarcasmo]

42. Like he did with charity money.

[safeinOhio]

28. Looks like he is still begging for more

after he retired. Still collecting for Stop the Steal.

[brush]

36. He didn't retire. He lost the election. In fact, he still hasn't conceded officailly...

and is still denying he lost.

[bucolic_frolic]

23. That's my understanding too

That's an opportunity for Dems. Once announcing retirement, pledge to disburse funds to other Democratic candidates. Charities are rated for efficiency in the use of funds. Why not politicians?

[brooklynite]

26. NO is it not...

It can be given to another political campaign or committee or to a recognized charity.

[Phoenix61]

33. No. Campaign donations have to be donated.

They can go to a political party, someone else’s campaign or a non-profit but they do not become yours. This is why people running for office loan their campaign money rather than donate to it. The loan is repayable but the donation is gone for good.

[cannabis_flower]

34. But...

Isn’t he still president? Haha!

[Jetheels]

39. He's still president except during impeachment trial, then he's not./s

[cannabis_flower]

44. Of course you do know

I was being facetious. Because he believes he’s still the president. Or so he says.

[Jetheels]

45. Yes.

[keithbvadu2]

46. President-in-exile

[RoadRising]

8. Can be used only for certain purposes

“With leftover funds, former politicians can legally only use the money from campaign committees toward political or charitable purposes. They can:

Pay for winding-down costs
Donate the funds to a recognized charity
Donate to other politicians' campaign committees
Donate to party activity at the federal, state, or local level
Do nothing”

But the organization he set up to collect money to fight his election loss was of a different kind, and he can spend that much more freely. Is that where this money came from?

[Walleye]

9. He thinks spending it on his business is a donation to a worthy charity

[Smackdown2019]

24. That is correct

My father ran for a state representative race back in the 90s and we had like 500 dollars left over. The county we were in did not have a veteran memorial at the county courthouse, so I helped my father and we put up a wall memorial in the courthouse.

We also had a concrete walkway put in for a civil war union war grave.

It's good to see that those funds were put to good use to see today.

[brooklynite]

27. Federal rule are different

[ananda]

49. Is anything Trump does legal?

???

[blueinredohio]

3. Let the fools support Trump, Stone, Mandatory etc.

[Aviation Pro]

6. Billionaire my ass

More like Indebtinaire.

[oldsoftie]

18. And THATS why he doesnt want us to see his taxes. He doesnt make as much as he says.

[DENVERPOPS]

47. There should be

an extra line item on every politicians Tax Forms:

Money grifted and deposited in off shore accounts........

[oldsoftie]

48. That could hardly be a simple line item for Trump!!

Probably need his own schedule

[Maxheader]

7. throw that in with inciting a riot.....

Let the puke congress gop choke on doing theys duty......


Which is to try illegal actions...

https://www.irs.gov/compliance/criminal-investigation/former-illinois-state-senator-gubernatorial-candidate-sam-mccann-indicted-for-alleged-fraudulent-use-of-campaign-funds-money-laundering-tax-evasion

[Ramsey Barner]

11. "liest"?

The payments were made public in the filings the campaign submitted to the FEC and were liest to cover costs including rent, airfare, lodging, and other expenses.

I'm sure the msn article meant something like "listed," but:

liest (archaic) Second-person singular present simple form of lie.
https://www.yourdictionary.com/liest

[Marcuse]

12. Two Corinthians:Verse One

Trump liest.

[MyOwnPeace]

16. A-MEN, Brother!!

"Thus sayeth the Load......."

[Mister Ed]

22. Man, those two Corinthians sure were a couple of smart guys.

I think they're Trump's favorite Biblical characters.

[northoftheborder]

35. Heh!

[Ford_Prefect]

13. This is the tip of the iceberg, the part they can't hide so well.

IMO it is very likely there is much more that has gone offshore or underground into holding companies and other shell organizations belonging to Trump. That kind of self-dealing has been their ongoing business model. I suspect that much of it is illegal but is also difficult to stop because when used by drug cartels it is by design meant to obscure the transactions, cashflow, sources and ownership.

[mpcamb]

14. See if the proceeds from the "can't find it" vaccine sale is in that account, too.

Last edited Fri Feb 12, 2021, 05:33 PM - Edit history (1)

[louis-t]

15. Why. Isn't. He. In. Jail?

[housecat]

17. at least the money came from a base that deserves to lose it

[Nocturnowl]

19. of course

This is news?

[NHvet]

21. The only reasons he ran for president in the first place

was fame and fortune. He never thought he would win, it was a branding PR con from the start.

[Kid Berwyn]

25. Trump Change.

The Fart of the Deal.

[JohnnyRingo]

29. Seems like a legal loophole because he owns hotels

Catering, transportation, and rent for the campaign add up. No other candidate is uniquely positioned to pay himself like this. It could be worse, he could own a chain of jewelry stores.

Remember when Sarah Palin went on a shopping spree and filled the belly of a campaign jet with $50k worth of clothes for herself and her family? She returned them because those were the days the party still had scruples.

Per Forbes:

Former President Donald Trump’s re-election campaign reportedly paid the Trump Organization $2.8 million of donor funds, $81,00 of which came after Trump lost the election. One campaign fundraising committee also paid his businesses $4.3 million between Jan. 20, 2017, and Dec. 31, 2020, including at least $331,000 in payments that arrived after the election, Forbes reports. According to Federal Election Commission filings, the money paid for lodging at Trump hotels, meals at Trump restaurants, and venue rentals at Trump properties. Trump himself did not donate his own money to the campaign.

[paleotn]

32. Add this to the long list....

of legislation to outlaw egregious acts no one thought anyone would do on basic ethical grounds and / or would be policed by the system itself through the press and the ballot box. When challenged, the system broke down. We can't rely on those better angels anymore. The only good thing about Trump is he's shown us exactly what needs to be patched up legally.

[paleotn]

30. Like I wrote in another thread....

if the rubes are dumb enough to give their hard earned money to a well known crook, they get what they deserve. A pity this isn't illegal, but i have no sympathy for the "donors." This whole chapter will go down as the most embarrassing moment in American political history, when a huge chunk of our populace showed how incredibly stupid, weak and gullible they actually are. A laughing stock and rightly so.

[KY_EnviroGuy]

43. The only bright spot from all this nonsense is....

they won't be giving these dollars to a real, active right-wing political campaign.....

[BobTheSubgenius]

37. Those amounts seem pretty trifling for a "billionaire," at least to me.

If he's in the kind of debt we keep hearing about those two sums together would be, at most, a monthly payment.

So is he using the funds to support his private lifestyle?

[KS Toronado]

38. These amounts are just the tip of Qrump's iceberg

Likely 100's of millions.

[KY_EnviroGuy]

40. I wonder how many MAGAts are still paying him by monthly withdrawals.

From all I've read, a large number actually want to do that.

Got to support their Republican Lord & Savior, don't ya know........

[sarcasmo]

41. Above the law.

[monkeyman1]

50. trump laundry is of charge's will be coming out soon !!!!

the complete list is stacking up & will be coming from all sides . rico time for trump .org & trump tribe !! let the games begin !!!!

[mdbl]

51. he's such a sleazeball

and his donors are idiots.