Joe Biden is now POTUS
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and this is what it was all, really about.Trump shifted campaign donor funds into his heavily indebted private business after his election loss, report says
jzitser@businessinsider.com (Joshua Zitser) 5 hrs ago
Trump shifted campaign donor funds into his heavily indebted private business after his election loss, report says
© AP Former President Donald Trump has shifted money from campaign donors into his personal businesses, Forbes reported. AP
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.
- 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.
- Visit the Business section of Insider for more stories.
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.
Read the original article on Business Insider
I can believe it hell there's people in this thread RIGHT NOW that didn't vote or only voted locally and are complaining about the president and this election and what's not yet been done in his 2-3 weeks in office
WOW That's crazy that those folks didn't even folks....
Man our education system is sad in this country...Geesh.
But in the same breath says he’s okay with chucking the $15 minimum wage and adios to everyone getting a relief check.
Is he going to use the Q Defense?
I highly recommend her book "White Rage". It never leaves my reading stand. It really drives home the ways they maintain white supremacy, the failure to defend civil rights in voting rights, education, housing and employment rights.
Some type of way she is going to have the last laugh especially knowing who her father is. In the meantime the Democrats are just looking at this and
But aren't niggas still playing in the super bowl though?Niggas still gon' watch da super bowl tomorrow too.
Analysis: The end of the road for Lou Dobbs | CNN Business
Fox News pulled the plug on Lou Dobbs' show in a cancellation so swift that it surprised even detractors. A day later, TV insiders are still abuzz about why it happened and what the decision augurs about Fox.
Sanders is a classic liberal white racist and I'm not suprised that an ADOS clown would be a fan.
Never forget the first person to put out "the election was rigged" narrative that caused all the problems was Bernie Sanders when he got his ass kicked in 2016.
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