Former President Donald Trump continued fundraising after losing the 2020 election and made some $1.3 million in political contributions to his own businesses, according to his latest federal filings.
According to a Forbes review, between the lost election and the end of 2020, Trump’s campaign committee, Donald J. Trump for President, handed over $113,000 to Trump businesses, including two rent payments of $38,000. to Trump Tower Commercial LLC, and two checks for $3,000 to Trump Restaurants LLC.
In 2021, Trump changed the name of his campaign committee to Make America Great Again PAC, and money was once again flowing into Trump’s businesses, Forbes reported. Nearly $38,000 was paid in rent to Trump Tower Commercial LLC “every month or so,” and checks for $3,000 were “frequently” paid to his catering business.
From the time of its election defeat until the end of February 2022, the PAC had paid out $526,000 to its companies, according to Forbes’ review of documents filed by the Federal Election Commission.
Other Trump political groups have also rained cash on his operations. The Trump Victory Joint Fundraising Committee, which raised money for the Trump campaign and Republican groups at the state level, donated $294,000 to the Trump Hotel Collection.
Trump’s executive PAC, Save America, spent $213,000 on Trump properties from February 2021 to May 2022.
Some of the money collected from donors was actually solicited for the Official Election Defense Fund to nullify the election, even though that fund apparently did not exist, the House Select Committee on Elections noted. investigating last year’s uprising.
“Not only was there the ‘Big Lie,'” Rep. Zoe Lofgren (D-California) said, referring to baseless allegations of voter fraud during one of the panel’s hearings earlier this month. California. “There was the big scam.”
In a 2000 interview, Trump bragged to Fortune magazine, “It’s very possible that I’ll be the first presidential candidate to run and make money.”
Check out Forbes’ full story here.
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