Mystery fundraising firm takes in millions from the Trump campaign
Source: NBC News
June 17, 2024, 3:10 PM EDT
Former President Donald Trump’s political operation has routed more than $3 million so far this year through a Delaware limited liability company whose owners are not publicly disclosed, according to campaign finance records — a strategy that mirrors past efforts to mask exactly how his campaign is spending donor cash.
The money has been paid to Launchpad Strategies LLC, a company that appears to have been incorporated in Delaware in November, according to state business records and lists a Raleigh, North Carolina, post office box as its address in campaign finance filings. Since it was formally incorporated, the company has received $3.1 million in payments from the Trump campaign and an affiliated joint fundraising committee.
The payments add up to make the company the second-largest vendor used this year by the Trump Save America Joint Fundraising Committee, which is a financial hub for Trump fundraising efforts, with contributions then divided between it and other committees based on a formula. In this case, the contributions are shared with the formal campaign and Save America, a committee that has helped pay millions of dollars in Trump legal bills.
The joint fundraising committee has spent nearly $2.8 million with Launchpad Strategies, according to campaign finance records current through April. Little is known about Launchpad Strategies LLC beyond its existence and the millions of dollars it has taken in from a presidential campaign. It has never done other political work for state-level or federal candidates, according to federal and state campaign finance disclosure filings. The first payment from the Trump operation was on Dec. 18, just over a month after the company appears to have been incorporated in Delaware.
Read more: https://www.nbcnews.com/politics/2024-election/mystery-fundraising-firm-takes-millions-trump-campaign-rcna156755
Money laundering in plain sight.
= new reply since forum marked as read
You can bet the Chump family (or Chump himself) is the beneficiary. The more he skims for himself, the less he has to give to other Repukes on the down-ticket.
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