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I hope none of you fell for this scam.
150 mil isn't on the same level as Bernie Madoff, but it's still an embarrassingly big number for such an obvious scam.
President Trump’s political operation has raised more than $150 million since Election Day, using a blizzard of misleading appeals about the election to shatter fundraising records set during the campaign, according to people with knowledge of the contributions.
The influx of political donations is one reason Trump and some allies are inclined to continue a legal onslaught and public affairs blitz focused on baseless claims of election fraud, even as their attempts have repeatedly failed in court and as key states continue to certify wins for President-elect Joe Biden.
Much of the money raised since the election is likely to go into an account for the president to use on political activities after he leaves office, while some of the contributions will go toward what’s left of the legal fight.
...There is no such account, however. The fundraising requests are being made by the Trump Make America Great Again Committee, a joint fundraising committee that raises money for the Trump campaign and the Republican National Committee. As of Nov. 18, that committee also shares its funds with Save America, a new leadership PAC that Trump set up in early November and which he can use to fund his post-presidency activities.
...According to the fine print in the latest fundraising appeals, 75 percent of each contribution to the joint fundraising committee would first go toward the Save America leadership PAC, and the rest would be shared with the party committee, to help with the party’s operating expenses. This effectively means that the vast majority of low-dollar donations under the current agreement would go toward financing the president’s new leadership PAC, instead of efforts to support the party or to finance voting lawsuits.
150 mil isn't on the same level as Bernie Madoff, but it's still an embarrassingly big number for such an obvious scam.
President Trump’s political operation has raised more than $150 million since Election Day, using a blizzard of misleading appeals about the election to shatter fundraising records set during the campaign, according to people with knowledge of the contributions.
The influx of political donations is one reason Trump and some allies are inclined to continue a legal onslaught and public affairs blitz focused on baseless claims of election fraud, even as their attempts have repeatedly failed in court and as key states continue to certify wins for President-elect Joe Biden.
Much of the money raised since the election is likely to go into an account for the president to use on political activities after he leaves office, while some of the contributions will go toward what’s left of the legal fight.
...There is no such account, however. The fundraising requests are being made by the Trump Make America Great Again Committee, a joint fundraising committee that raises money for the Trump campaign and the Republican National Committee. As of Nov. 18, that committee also shares its funds with Save America, a new leadership PAC that Trump set up in early November and which he can use to fund his post-presidency activities.
...According to the fine print in the latest fundraising appeals, 75 percent of each contribution to the joint fundraising committee would first go toward the Save America leadership PAC, and the rest would be shared with the party committee, to help with the party’s operating expenses. This effectively means that the vast majority of low-dollar donations under the current agreement would go toward financing the president’s new leadership PAC, instead of efforts to support the party or to finance voting lawsuits.
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