Trump’s guilty verdict isn’t scaring off his donors

Trump’s guilty verdict isn’t scaring off his donors

Business Insider reports:

Former President Donald Trump’s conviction Thursday of falsifying business records hasn’t dissuaded high-profile supporters in the world of business — some of whom are newly energized by the historic verdict.

In a post Thursday on X, the venture capitalist Shaun Maguire expressed his support for Trump, saying “the timing isn’t a coincidence” as he announced a $300,000 donation to the presumptive Republican presidential nominee.

“Bluntly, that’s part of why I’m supporting him,” Maguire, a partner at Sequoia Capital, wrote on X about Trump’s conviction case. “I believe our justice system is being weaponized against him.”

He wasn’t the only prominent business leader who seemed fired up.

The tech investor David Sacks, who Bloomberg reported was in talks to hold a Trump campaign fundraiser at his San Francisco home, denounced the guilty verdict on X.

“A sham trial designed for one purpose: to brand Donald Trump as a ‘felon,'” Sacks wrote Thursday on X. “Watch Dems and the MSM endlessly repeat that word.”

Omeed Malik, an investor with 1789 Capital and Farvahar Partners, told CNBC he thought the verdict would “completely backfire” and bolster support for the convicted candidate. Malik cohosted a fundraiser for Trump this month that raised over $10 million, CNBC reported. [Continue reading…]

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