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Trump burns donor money as legal troubles mount

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CNN

Former President Donald Trump has raised tremendous sums, but his political operation is burning money as his legal troubles mount, according to new documents.

His joint fundraising committee brought in more than $53 million in the first six months of the year, but committees associated with his 2024 White House bid spent even more.

The high rate of spending is evident in Trump’s leadership PAC, where more than 70% — or some $21 million — of his total disbursements in the first six months of the year went to pay mounting legal bills. of Trump and his associates, a report filed Monday with federal regulators shows.

PAC leadership Save America started July with just over $3.6 million remaining in its bank accounts — a fraction of the nearly $18.3 million in reserves it had at the start of the year — highlighting how the wealthy former president relied on political contributors to help him deal with his mounting legal challenges.

The financial toll of multiple Trump investigations has been highlighted in recent days as sources within the Trump campaign confirmed that Save America demanded that an aligned super PAC supporting his presidential bid return $60 million to the PAC. of management.

Monday’s filing shows the super PAC, dubbed Make American Great Again, Inc., grossed nearly $12.3 million — across four installments in May and June. Super PAC officials did not respond to inquiries about the refund request and whether it has returned more money to PAC leadership since June.

In another sign of the financial crisis, Trump allies have also launched an alternative fundraising vehicle – a legal defense fund – which is expected to cover the bills of some of Trump’s current and former aides and employees who found themselves involved in investigations.

Special Counsel Jack Smith filed new charges last week against the former president, his aide Walt Nauta and a third defendant, Mar-a-Lago employee Carlos De Oliveira, in a case alleging Trump was in pain. handled classified documents after leaving the White House. Those charges include allegations that Trump and his employees sought to suppress security footage of the Florida resort sought by a grand jury.

Earlier this year, in a separate case, Trump was indicted by a Manhattan grand jury on more than 30 counts related to business fraud. He also faces potential charges in connection with the special counsel’s grand jury investigation into the period leading up to January 6, 2021, as well as an investigation by the Georgia Fulton County District Attorney’s Office regarding the attempts by him and his allies to overturn the state’s 2020 law. result of the presidential election.

Save America’s largest legal payout in the first six months of this year — nearly $2.2 million — went to the law firm of Trump lawyer Evan Corcoran, who represented the former president in the classified documents case and testified before the grand jury.

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Cnn

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