Search This Blog

Divided We Stand

Divided We Stand
New book about the 2020 election.

Monday, August 26, 2024

Trump's Mystery Money

Our most recent book is titled Divided We Stand: The 2020 Elections and American Politics.  Among other things, it discusses party organizations and campaign finance.

Juleanna Glover at NYT reports that there is little disclosure about Trump campaign spending.

Federal Election Commission campaign disclosure reports from 2020 show that much of the money donated to the Trump campaign went into a legal and financial black hole reportedly controlled by Trump family members and close associates. This year’s campaign disclosures are shaping up to be the same. Donors big and small give their hard-earned dollars to candidates with the expectation they will be spent on direct efforts to win votes. They deserve better.
During the 2020 election, almost $516 million of the over $780 million spent by the Trump campaign was directed to American Made Media Consultants, a Delaware-based private company created in 2018 that masked the identities of who ultimately received donor dollars, according to a complaint filed with the F.E.C. by the nonpartisan Campaign Legal Center. How A.M.M.C. spent the money was a mystery even to Mr. Trump’s campaign team, according to news reports shortly after the election.

...

A.M.M.C.’s first president was reported to be Lara Trump, the wife of Mr. Trump’s son Eric. The New York Times reported that A.M.M.C. had a treasurer who was also the chief financial officer of Mr. Trump’s 2020 presidential campaign. Jared Kushner, Mr. Trump’s son-in-law, signed off on the plan to set up A.M.M.C., and one of Eric Trump’s deputies from the Trump Organization was involved in running it.

Ms. Trump is now co-chair of the Republican National Committee, which, soon after her arrival, announced it would link up with the Trump campaign for joint fund-raising. The joint entity prioritizes a PAC that pays Mr. Trump’s legal fees over the R.N.C., The Associated Press has reported, making assurances from Mr. Trump’s campaign co-manager that R.N.C. funds wouldn’t be used to pay Mr. Trump’s legal bills seem more hollow.

This election, the Trump campaign and four of its PACs have paid Red Curve Solutions, another private company, at least $18 million. The Campaign Legal Center says Red Curve appears to pay Mr. Trump’s legal bills and then gets reimbursed by the PACs. (The law is murky on what types of legal bills can be paid by campaigns, but some are allowed.) The head of Red Curve also serves as the treasurer for the Trump campaign as well as the affiliated PACs.