Trump Shifted Campaign-Donor Money Into His Private Business After Losing The Election

  

Category:  News & Politics

Via:  jbb  •  3 weeks ago  •  19 comments

By:   Dan Alexander (Forbes)

Trump Shifted Campaign-Donor Money Into His Private Business After Losing The Election
Donald Trump's reelection campaign, which never received a cent from the former president, has now moved an estimated $2.8 million of donor money into the Trump Organization—including at least $81,000 since Trump lost the election.

Suckers! Trump is "On Topic"". What a lying cheat!


S E E D E D   C O N T E N T



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Donald Trump attends a rally in support of ultimately unsuccessful Georgia Republicans David Perdue and Kelly Loeffler on December 5, in Valdosta, Georgia.

Spencer Platt/Getty Images

D onald Trump's reelection campaign, which never received a cent from the former president, moved an estimated $2.8 million of donor money into the Trump Organization—including at least $81,000 since Trump lost the election.

In addition, one of the campaign's joint-fundraising committees, which collects money in partnership with the Republican Party, shifted about $4.3 million of donor money into Trump's business from January 20, 2017, to December 31, 2020—at least $331,000 of which came after the election.

The money covered the cost of rent, airfare, lodging and other expenses. All the payments are laid out in filings the campaign submitted to the Federal Election Commission. Representatives for the Trump Organization, the Trump campaign and the Republican National Committee did not immediately respond to requests for comment.

Two days after the election, on November 5, the joint-fundraising committee paid $11,000 to Trump's hotel empire. A week later—after the Associated Press, Fox News and other major media outlets had already called the race for Joe Biden—the same committee put another $294,000 into Trump's hotel business to rent space, order catering and pay for lodging. The campaign pitched in additional change—$110 that had been earmarked for recount efforts on November 16, another $220 the following day and $189 more the day after that.

On November 19, the campaign paid$31,000 for air travel to a company named DT Endeavor LLC. Five days later, the joint-fundraising committee paid the same entity $39,000. Forbes did not include those payments in its overall total of money moving into Trump's empire, since it's not 100% clear that the former president owns DT Endeavor LLC. There are strong indications that he does, though. The federal filings list the address for the DT Endeavor LLC as Trump Tower in one spot and Mar-a-Lago in another. Trump also owns an aviation company with an almost identical name, DT Endeavor I LLC.

Whether or not Trump owns DT Endeavor LLC, he certainly controls several other companies collecting money from the campaign. On November 20, one of Trump's joint-fundraising committees paid $20,000 to his hotel outfit.

Less than a week after that, the campaign paid $3,000 in rent to Trump Restaurants LLC, which the former president owns outright. That company appears to be connected to a souvenir stand in the basement of Trump Tower.

On December 1, nearly a month after the election, the campaign handed over $38,000 in rent to Trump Tower Commercial LLC, the company through which Trump owns his stake in the famous Fifth Avenue tower. Fifteen days later, the campaign sent another $3,000 to Trump Restaurants LLC and added $38,000 more for Trump Tower Commercial LLC. In all, the postelection payments from the campaign and its joint-fundraising committee add up to $413,000—or $484,000, if you include the money that flowed into DT Endeavor LLC, according to a review of the filings.

That's not a life-changing amount of money for Trump, who is worth an estimated $2.5 billion. But it would be for most people, including many of the donors who chipped in to support Trump's campaign.


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JBB
PhD Principal
1  seeder  JBB    3 weeks ago

Are you surprised? Why?

 
 
 
bbl-1
PhD Quiet
2  bbl-1    3 weeks ago

Of course DJT the grifter steals money.  He has to.  He's in debt up to his eyeballs.  Liar, cheat and fraud DJT is the same thing he's always been. 

The MAGA brand is the suckers brand.

 
 
 
cjcold
PhD Quiet
2.1  cjcold  replied to  bbl-1 @2    3 weeks ago

Not even the riskiest banks will extend him credit now.

 
 
 
bbl-1
PhD Quiet
2.1.1  bbl-1  replied to  cjcold @2.1    3 weeks ago

Has 'The Trump Brand' been a Ponzi Scheme all along?  I say, "Yes."

 
 
 
Thrawn 31
Senior Guide
3  Thrawn 31    3 weeks ago

Lol big fucking surprise. 

The donations were only meant to help him settle his legal/bankruptcy fees. 

 
 
 
sandy-2021492
PhD Principal
4  sandy-2021492    3 weeks ago

Can't be true.  He was going to fund his campaign all by himself, isn't that what we were told?  He's a rich businessman, owned by nobody.  That's how he stays so honest.

 
 
 
JBB
PhD Principal
4.1  seeder  JBB  replied to  sandy-2021492 @4    3 weeks ago

Having experienced absolute incompetence at the head of government it is good to have pros running the show. Trumpism surely was an abject failure!

 
 
 
Bob Nelson
Professor Principal
5  Bob Nelson    3 weeks ago

Gosh! This is such a shock!

 
 
 
Sean Treacy
Professor Guide
6  Sean Treacy    3 weeks ago

$81,000?????

what a piker? Democrats like Maxine waters and Ilan ohmer funnell millions to their family’s businesses.

 
 
 
bbl-1
PhD Quiet
6.1  bbl-1  replied to  Sean Treacy @6    3 weeks ago

Prove it.

 
 
 
Thrawn 31
Senior Guide
6.1.1  Thrawn 31  replied to  bbl-1 @6.1    3 weeks ago

Lol, oh you and that "proof" thing! So archaic, yet endearing. It is like watching a child draw a shitty drawing of you, but you HAVE to say it looks amazing. This is post-proof now baby! 

 
 
 
Sister Mary Agnes Ample Bottom
Professor Guide
6.1.2  Sister Mary Agnes Ample Bottom  replied to  Thrawn 31 @6.1.1    3 weeks ago

I was going to ask Sean for a link, but I took the easy way and checked myself.  I couldn't find anything of consequence.  Lots of hints and what-not, but no meat on the bone.  Besides, her updated net worth is $3,000,000.  By today's political standard, that's damn near broke.

The accusation against Ilhan Omar is straight-up nonsense. 

 
 
 
Thrawn 31
Senior Guide
6.1.3  Thrawn 31  replied to  Sister Mary Agnes Ample Bottom @6.1.2    3 weeks ago

At least there is one person out there with a cent of integrity. 

 
 
 
bbl-1
PhD Quiet
6.1.4  bbl-1  replied to  Thrawn 31 @6.1.1    3 weeks ago

Yowzers!!!!!!!!!!!!!!!!!!!

 
 
 
Thrawn 31
Senior Guide
6.1.5  Thrawn 31  replied to  bbl-1 @6.1.4    3 weeks ago

That one was for you :) 

 
 
 
Paula Bartholomew
PhD Guide
7  Paula Bartholomew    3 weeks ago

Anyone who gives this conman grifter money deserves to get ripped off.

 
 
 
Sister Mary Agnes Ample Bottom
Professor Guide
7.1  Sister Mary Agnes Ample Bottom  replied to  Paula Bartholomew @7    3 weeks ago

I agree.  If they read the fine print on their online donation forms, they'll learn exactly how much money is going straight to Trump and/or Trump businesses.  Check out Trump's Save America PAC.  He's made millions conning his base about the election.  

 
 
 
bbl-1
PhD Quiet
7.2  bbl-1  replied to  Paula Bartholomew @7    3 weeks ago

Don't worry.  They're ripped off.  Grifters love the grifted.

 
 
 
Buzz of the Orient
Professor Principal
8  Buzz of the Orient    3 weeks ago

Even though what he's doing with the money is IMO a kind of theft, it wouldn't matter to the peeople who sent it to him because after all, to them he's a kind of "god".  It's most likely the same ignorant people who send thousands of dollars to televangelists to enable them to buy mansions here and there and jet planes to get them there.  After all, as the saying goes....

th?id=OIP.uFtrJ-n-XJeJtfCyaeSz5AHaGE&pid=3.1&w=300&h=300&p=0

And there have been a lot of minutes during the most recent hundred years.  There are more than half a million minutes in a year - but what amazes me is even over 100 years that many are outnumbered by the ones who voted for him.

 
 
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