Trump hustles $170 million from his gullible supporters
President Trump has raised about $170 million since Election Day as his campaign operation has continued to aggressively solicit donations with hyped-up appeals that have funded his fruitless attempts to overturn the election and that have seeded his post-presidential political ambitions, according to a person familiar with the matter.
The money, much of which was raised in the first week after the election, according to the person, has arrived as Mr. Trump has made false claims about fraud and sought to undermine public confidence in the legitimacy of President-elect Joseph R. Biden Jr.’s victory.
Instead of slowing down after the election, Mr. Trump’s campaign has ratcheted up its volume of email solicitations for cash, telling supporters that money was needed for an “Election Defense Fund.”
In reality, the fine print shows that the first 75 percent of every contribution currently goes to a new political action committee that Mr. Trump set up in mid-November, Save America, which can be used to fund his political activities going forward, including staff and travel. The other 25 percent of each donation is directed to the Republican National Committee.
A donor has to give $5,000 to Mr. Trump’s new PAC before any funds go to his recount account. [Continue reading…]