Trump reportedly pours $1.3 million in political donations into his own businesses after losing election

Trump reportedly pours $1.3 million in political donations into his own businesses after losing election

Former President Donald Trump continued fundraising after losing the 2020 election and poured about $1.3 million in political donations into his businesses, his latest federal filings show.

Trump’s campaign committee, Donald J. Trump for President, handed over $113,000 to Trump Enterprises from defeat to the end of 2020, according to a Forbes review, including two payments to Trump Tower Commerce Ltd. $38,000 in rent and two checks for $3,000 to Trump Restaurants Ltd.

In 2021, Trump changed the name of his campaign committee to a “Make America Great Again” PAC, and money is pouring into Trump Enterprises again, according to Forbes. Nearly $38,000 in rent is paid “every month or so” to Trump Tower Commercial LLC, and $3,000 checks are “often” paid to his restaurant business.

From his election loss to the end of February 2022, the PAC paid his company $526,000, according to a Forbes review of Federal Election Commission documents.

Trump’s other political groups have also provided cash for his operations. Trump Victory, a joint fundraising committee that raises funds for the Trump campaign and state Republican groups, paid $294,000 to the Trump hotel series.

Trump’s leadership PAC “Save America” ​​spent $213,000 on Trump properties from February 2021 to May 2022.

The House select committee investigating last year’s insurgency noted that some of the money collected from donors was actually solicited for an official election defense fund to overturn the election, even though the fund apparently didn’t exist.

“It’s not just ‘big lies,'” said Rep. Zoe Lofgren, who cited baseless claims of election fraud at a panel hearing earlier this month. California. “There is a big scam”.

In an interview in 2000. Trump boasted to Fortune. “I have a good chance of being the first presidential candidate to run and make money.”

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