Is Trump's "Forgiveness" of Loans To Campaign Binding? Is He Just Raising Money...

[TomCADem]

to record any actual money he put into his campaign?

At this point, is Trump simply fundraising to break even or to make a profit? In July, Trump announced that he forgave a $50 million loan he made to his campaign. However, is this binding? Couldn't he just amend his disclosure statement to describe his contribution as a loan again? Also, this does not count the fact that he often spends his campaign money on Trump affiliated businesses.

http://www.thedailybeast.com/articles/2016/10/25/donald-trump-s-100-million-money-bomb-is-a-dud.html

“I will have, in my race, more than $100 million put in of my money,” Donald Trump said during the second presidential debate in St. Louis. “By the time it’s finished, I’ll have more than $100 million invested.”

Except, judging by his filings with the Federal Election Commission, Trump has donated just over half that amount to his campaign with just two weeks left to go until Election Day.

At this rate, he will fall short of his pledge by about $44 million, or the cost of six of his private helicopters, unless he cuts himself a check sometime in the next 14 days, something his past financial behavior this election suggests is unlikely.

* * *
He also makes in-kind donations of Trump Tower rent for his employees and his campaign office space to the campaign for tens of thousands of dollars a month. Not to mention, his campaign pays Trump businesses, an unprecedented advantage he has over Clinton, who doesn’t own any restaurants or private airplane companies. In September, Trump paid Tag Air, Inc., of which he’s CEO, $319,496, Trump Tower Commercial LLC received $169,758 for rent, and over $4,000 to Trump Restaurants, LLC for meeting expenses and meals.

[jberryhill]

1. "more than $100 million put in of my money,”

Could be.

Puts in ten.

Takes out ten.

Etc.

Yep, do that ten times and you'll have put in 100.

But the clever part of it is that he can distribute money around with a loss at both ends if he does it right

His own companies can overbill the campaign, and the campaign can underpay the bills and default on the loan.

[Rex]

2. Trump has made more money off of this election, then the decades selling worthless crap.

The Con is stealing from his voters and they LOVE IT!

[duncang]

4. Money he put in specified as a loan

He can pull out the money as long as he doesn't fill put the paperwork and file with the fec that it is "forgiven". From what I remember he did file with the fec on his first loan that was forgiven. But the rest of the loans I haven't seen anything on.

I'm not to sure what they are talking about on him giving in kind donations for rent and transport. The fec filings showed he was reimbursed for rent and transportation.

Here is some loan info.
http://docquery.fec.gov/cgi-bin/forms/C00580100/1079423/sc/12

And some Line 23 ITEMIZED DISBURSEMENTS
http://docquery.fec.gov/cgi-bin/forms/C00580100/1079423/sb/23/1


You can look around some here for more info.
http://www.fec.gov/fecviewer/CandidateCommitteeDetail.do?tabIndex=1&candidateCommitteeId=P80001571