And it’s just the beginning for his legal journey thru criminal trials and a Presidential campaign…..
Oh?
And he’s possibly got a $400M or so in civil court judgements coming at him ….
Donald Trump’s joint fundraising committee reported raising $53.8 million in the first half of the year, a long-teased figure that blows all of his Republican opponents out of the water.
But the committee and its two affiliates — the former president’s official campaign and his leadership Save America PAC — have collectively spent $57 million over the same period, according to a POLITICO analysis of campaign finance filings. The spending rate threatens to put a significant strain on Trump’s finances as the election gears up…..
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By far the biggest expense from Save America was legal consulting, which accounted for more than $21 million.
The leadership PAC reported paying nearly 50 distinct entities for legal work or legal consulting, with nine different firms paid at least seven figures. The group also reimbursed Red Curve Solutions — the firm of Bradley T. Crate, his longtime campaign treasurer — roughly $1.5 million for legal fees and expenses, which suggests that investigators have focused on Trump’s campaign books.
Even a super PAC supporting Trump spent beyond its means. MAGA Inc. reported raising $14.6 million over the first six months of 2023. But it spent $25.6 million in addition to issuing a $12 million refund to Save America.
The state of Trump’s finances was obscured, in part, by the way his committees move money around among each other. Roughly 60 percent of the money the joint fundraising committee raised, for example, was transferred to its affiliates: $29.3 million to Trump’s campaign and $2.2 million to Save America. The Save America leadership PAC, additionally, benefited from that $12 million refund from MAGA Inc…..
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High fundraising expenses have been a problem for Trump before. In the first six weeks after his campaign launch last November, his joint fundraising committee spent more on list rentals, text messaging and digital advertising than it took in from donors…..