204

Trump Spent $50 Million in Donor Money on Legal Bills Last Year: Report (www.rollingstone.com)

submitted 9 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

22 comments fedilink hide all child comments

The former president’s PAC are operating as slush funds to help him fight off a mountain of civil and criminal cases

Donald Trump’s PACs spent a staggering $50 million on the former president’s legal defense in 2023, according to a report from The New York Times.

According to two sources who spoke to the Times, the former president’s massive legal bills were paid out through funds from the Save America PAC and the Make America Great Again PAC, his two primary political action committees. The full details of the PAC spending will be made available Wednesday, the deadline for Federal Election Commission year-end campaign filings.

Given the multiple civil and criminal cases leveled against Trump in the last year, the mountain of legal bills is not necessarily a surprise. In August of last year, Save America revealed that it had burned through the majority of its cash-on-hand on Trump and his associates’ legal defenses. The Times reported at the time that Save America had requested a $60 million refund from another Trump-affiliated group to keep itself afloat.

According to the Times, 10 cents of every dollar donated to Trump’s campaign is being directed towards Save America, which in the last year has operated virtually exclusively as a legal slush fund for the former president.

you are viewing a single comment's thread
view the rest of the comments

[-] autotldr@lemmings.world 0 points 9 months ago

This is the best summary I could come up with:

The full details of the PAC spending will be made available Wednesday, the deadline for Federal Election Commission year-end campaign filings.

In the days after Trump’s New York indictment on charges related to his 2016 hush money payment to Stormy Daniels, the former president raised more than $7 million on the news.

In December, he began offering scraps of the suit and tie he wore in the now infamous photo to convince fans to buy into his NFT trading card cash grab.

The influx and outflow converting donations to legal bills would normally be enough of a concern to send major donors and grassroots contributors running for the hills, but it’s having virtually no effect on Trump’s momentum toward securing the Republican 2024 nomination.

The former president secured decisive victories in the Iowa caucuses and New Hampshire primary, and has all but crowned for his November rematch with Joe Biden.

The original article contains 393 words, the summary contains 187 words. Saved 52%. I'm a bot and I'm open source!

this post was submitted on 31 Jan 2024

204 points (98.6% liked)

politics

19103 readers

2055 users here now

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News