Donald making money disappear?
And the Congress seems to be looking the other way as things happen?
Congressional Democrats are opening a probe into millions of dollars private companies pledged to President Donald Trump’s planned presidential library, asking what happened to the money after the original fund was dissolved last year.
Sens. Elizabeth Warren (Massachusetts) and Richard Blumenthal (Connecticut) and Rep. Melanie Stansbury (New Mexico) wrote Monday to the leaders of ABC, Meta, Paramount and X, requesting information about the terms of their agreements and the status of the funds they pledged to hand over to the president’s representatives. The letters were shared with The Washington Post.
The four companies each committed millions of dollars to the project through legal settlements with Trump in the months after the 2024 presidential election, seeking to resolve claims they had harmed him by restricting his access to social media or defaming him in their coverage. The commitments totaled at least $63 million, according to company statements and media reports.
But the Donald J. Trump Presidential Library Fund, Inc., which was set to receive at least some of the settlement funding, was administratively dissolved in September by Florida officials after it did not submit a mandatory annual report. Three months later, Jacob Roth, the lawyer who originally incorporated the fund, filed articles of dissolution, OpenSecrets first reported last year.
“Now it is unclear where this money has gone, exacerbating concerns about corruption that were apparent at the time of the settlement,” the lawmakers wrote….
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The lack of federal disclosure requirements has drawn scrutiny because donors, some of whom may have interests affected by White House policy, can make substantial contributions without public visibility.
Trump has said that he plans to use his planned Miami-based library to take possession of a Boeing 747-8 aircraft given by Qatar and valued at $400 million, among other gifts. The president’s allies have also worked to acquire prized real estate for the site.
Warren, Blumenthal and Stansbury last year were among several dozen Democrats who sponsored bicameral legislation intended to create new limits on fundraising for postpresidential libraries, saying that Trump was potentially flouting ethical safeguards on the presidency by accepting gifts from private companies and foreign governments. That legislation has remained stalled in both chambers.
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And one could wonder why Donald is trying to use anything he can to help stop the anticipated Democratic take over of the US House next year?
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