Trump's campaign paid $2.3 million in donor money to his private business, filings show

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  1. FryDaddyJr

    FryDaddyJr Well-Known Member

    ssheth@businessinsider.com (Sonam Sheth)
    August 25, 2020·3 mins read


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    • President Donald Trump's campaign has paid $2.3 million in donor funds to his private businesses so far, according to Federal Election Commission filings.

    • Forbes, which first reported on the filings, pointed to an instance in which one of Trump's companies received nearly $38,000 in campaign funds for rent.

    • In another, the campaign shelled out $8,000 to the Trump Corp. last month for "legal & IT consulting," according to the filings.

    • This isn't the first time the president's campaign has become entangled with his personal finances.

    • 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.

    • Visit Business Insider's homepage for more stories.
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    President Donald Trump's private business has received $2.3 million in campaign funds so far, according to recent Federal Election Commission filings.

    Forbes, which first reported on the filings, said that in one instance, Trump Tower Commercial LLC, which owns the Trump Organization's building on Fifth Avenue, received nearly $38,000 in campaign-donor money to cover rent last month. In another instance, the Trump campaign shelled out $8,000 to the Trump Corp. last month for "legal & IT consulting," according to the FEC filings.

    The Trump campaign also coordinated with the Republican National Committee to pay Trump Tower Commercial LLC another $225,000, Forbes said.

    This isn't the first time the president's campaign has become entangled with his personal finances. 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, adding that the Trump Organization told him the money was for a weeklong "donor retreat" at Mar-a-Lago in March.


    https://finance.yahoo.com/news/trum....html?ncid=dcm_23910565_281250327_465632547_0
     
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