Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessTrump transferred campaign donor funds to private businesses before and after elections

Trump transferred campaign donor funds to private businesses before and after elections

Add to Favorite
Added to Favorite

 

 

According to documents from the Federal Election Commission, which were seen by Forbes, Trump has transferred money raised for his campaign through donors to the Trump Organization.

 

Although Trump made zero contributions for his campaign expenses as he fought for reelection, he is said to have moved about $2.8 million into the Trump Organization. It is said that an estimated $81,000 were transferred after he lost the election.

 

Funds were also shifted from a joint-fundraising committee which partnered with the Republican party. During the period January 20, 2017 to December 31, 2020 approximately $4.3 million of the committee’s funds, which were raised from donors, was shifted into Trump’s businesses. This money was used to cover the cost of rent, for lodging, for traveling inclusive of airfare as well as other expenses.

 

All these expenses are available as filings that were given to the Federal Election Commission. Incidentally an estimated $331,000 of the total $4.3 million were transferred to the Trump Organization after the elections were over.

 

Criminal probe on Trump’s New York Businesses expanded by Manhattan DA Office

 

Many other smaller amounts totalling around $70,000 were paid to a company called DT Endeavor LLC. This company has its addresses in two places, once in Trump Tower and the other in Mar-a-Lago. There is no clarity on who owns the company.

 

However payments (including $3000) to Trump Restaurants LLC was made after the elections as well. Trump Tower LLC also received over $38,000 in lieu of rent. Trump Tower Commercial LLC also got $38,000. The total post election fund transfers from the campaign as well as the joint-fundraising committee reached $413,000, without adding the funds that were disbursed to DT Endeavour LLC.

 

 

There is a detailed filing available with the Federal Election Commission. When asked for comments by Forbes neither the Republican Party nor any spokesperson from the Trump Organization gave any replies.

 

Earlier in July, the Washington Post’s David Fahrenthold said that the Trump campaign gave 400,000 to the Trump Organization in forty eight hours.

 

The former president allegedly has huge debts that could be up to $400 million, however his assets are allegedly worth several billions.

 

Subscribe to get Latest News Updates

Latest News

You may like more
more

Thermo Fisher Scientific Reports Better Than Expected Q1 Results

Thermo Fisher Scientific (NYSE:TMO) announced its first-quarter earnings and...