Trump shifted campaign donor funds into his heavily indebted private business after election loss

Discussion in 'Politics' started by Frederick Foresight, Feb 6, 2021.

  1. Was there any doubt?

    https://www.businessinsider.com/tru...-into-indebted-private-business-forbes-2021-2

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    Former President Donald Trump has shifted money from campaign donors into his personal businesses, Forbes reported.

    • Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization.
    • The organization is heavily indebted, reportedly owing around $400 million.
    • Campaign donor money was moved both before and after Trump's election loss, reported Forbes.

    Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization, according to documents from the Federal Election Committee (FEC) seen by Forbes.

    He moved around $2.8 million into his private businesses throughout the duration of his presidency, Forbes's Dan Alexander reported.

    Trump funneled an additional $81,000 into the Trump Organization after his election loss, the magazine said.

    The payments were made public in the filings the campaign submitted to the FEC and were liest to cover costs including rent, airfare, lodging, and other expenses.

    One of the campaign's joint-fundraising committees, associated with the Republican Party, also moved an estimated $4.3 million of donor money into his private business during his presidential term, according to Forbes.

    The joint-fundraising committee also paid around $300,000 towards Trump's hotel chain in the week following the former president's election loss, the Independent reported.

    Around $40,000 was handed over from the campaign to Trump Tower Commercial LLC, a company which the former president owns a stake in, in December, the paper said.

    This isn't the first time it has been reported that Trump transferred campaign money to his private businesses.

    In July, The Washington Post's David Fahrenthold reported that Trump's campaign sent nearly $400,000 to the Trump Organization in just two days.

    Documents showed that the campaign channeled $380,000 to the president's personal business in 43 transactions, Fahrenthold said.

    This comes when the former president is said to be looking for ways to cash in on his post-presidency to address potentially huge debt.

    The Trump Organization owes $400 million, according to Forbes.
     
    wrbtrader likes this.
  2. Ricter

    Ricter

    Pretty desperate and pathetic when one considers the size of the thefts against the size of the debts. Let's up that cheating game, Donald.
    ;)
     
  3. Cheaters gonna cheat.
     
    Last edited: Feb 6, 2021
  4. And I suppose Trump is the very first politician to steal from campaign contributions? We'd be here all f'n day and still wouldn't cover the number of people who stole campaign money. In fact I would argue that nearly 100 percent of them do it to one degree or another. Yes, there is a moral equivalent between parties when discussing the topic of corruption in politics. Indisputable.
     
    WWarrior likes this.
  5. Cuddles

    Cuddles

    but whatabout the whatabouts?
     
  6. ph1l

    ph1l

    The right way to cheat is to make it legal for the privileged.;)
    https://newrepublic.com/article/161173/might-good-time-democrats-congress-stop-trading-stocks
     
  7. Whether or not there is an equivalence between members of both parties is debatable. I've not done a tally, but it just seems that more Republicans engage in corruption and are ready to forgive each other but no one else. Perhaps I am biased, but that is my view in the aggregate. Regardless, I think all perpetrators of corruption should be held to account.

    Why are you implicitly defending this orange asshole (yes, that's what you're doing) by immediately pointing fingers elsewhere? Let's deal with other shit in dedicated threads. And if there is genuine proof in the allegations, I'll be on your side of the outrage.
     
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  8. wrbtrader

    wrbtrader

    We all here at ET had no doubt and talked about such when he was first soliciting donations soon...a few days after his election loss.

    Gotta pay off his debts and the renovations of his home in Mar-a-Lago. :D

    wrbtrader
     
    Bugenhagen likes this.
  9. Bugenhagen

    Bugenhagen

    There is a Monty Python sketch is all this false equivalence.

    Or is it just the wrong lizards will get in?

    "It comes from a very ancient democracy, you see..."
    "You mean, it comes from a world of lizards?"
    "No," said Ford, who by this time was a little more rational and coherent than he had been, having finally had the coffee forced down him, "nothing so simple. Nothing anything like so straightforward. On its world, the people are people. The leaders are lizards. The people hate the lizards and the lizards rule the people."
    "Odd," said Arthur, "I thought you said it was a democracy."
    "I did," said Ford. "It is."
    "So," said Arthur, hoping he wasn't sounding ridiculously obtuse, "why don't people get rid of the lizards?"
    "It honestly doesn't occur to them," said Ford. "They've all got the vote, so they all pretty much assume that the government they've voted in more or less approximates to the government they want."
    "You mean they actually vote for the lizards?"
    "Oh yes," said Ford with a shrug, "of course."
    "But," said Arthur, going for the big one again, "why?"
    "Because if they didn't vote for a lizard," said Ford, "the wrong lizard might get in. Got any gin?"
    "What?"
    "I said," said Ford, with an increasing air of urgency creeping into his voice, "have you got any gin?"
    "I'll look. Tell me about the lizards."
    Ford shrugged again.
    "Some people say that the lizards are the best thing that ever happenned to them," he said. "They're completely wrong of course, completely and utterly wrong, but someone's got to say it."
    "But that's terrible," said Arthur.
    "Listen, bud," said Ford, "if I had one Altairian dollar for every time I heard one bit of the Universe look at another bit of the Universe and say 'That's terrible' I wouldn't be sitting here like a lemon looking for a gin."
    Douglas Adams, So Long, and Thanks for All the Fish
     
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  10. WWarrior

    WWarrior

    Freddie's preference of politicians are as pure as snow , don't go highlighting his delusions lol
     
    Last edited: Feb 6, 2021
    #10     Feb 6, 2021
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