Former US president, Donald Trump made as much as $30 million in the final weeks of 2020 as he formed a political committee after making relentless claims of voter fraud to his supporters, new filings show.
The 'Save
America' political action committee formed by Trump just after losing the 2020
election to Biden, started 2021 with a substantial $31.1 million in cash
reserves, a huge amount for an ex-president, as he faces a second impeachment
trial in the US Senate.
The new
financial filings, released on Sunday, January 31, show that the Trump campaign
spent far more on outreach to his supporters than on court fights.
According to
a CNN report, 'Trump aggressively sought new donations, imploring his
contributors to help fund his "election defense."
According to
filings with the Federal Election Commission obtained by CNN, Save America
spent $200,000 to underwrite merchant fees at the online fundraising platform,
WinRed, spent more than $4.4 million to roughly two dozen law firms, and spent
advertising expenses during the last 39 days of the year to the tune of $5
million in "placed media,".
Another $4.5
million was spent on online advertising and $2 million for advertising via text
messages.
His campaign
account started January with $10.7 million in remaining cash and a little more
than $2.7 million in debts, the filings show.
Trump's post
presidential ambitions are in a strong financial position if the report by CNN
is anything to go by.
The Report
adds;
"The
Trump Make America Great Again Committee -- a joint fundraising committee that
has included the Republican National Committee, Trump's campaign and Save
America -- started the year with more than $59.8 million remaining in its
coffers -- a chunk of which is destined for Trump's new PAC."
" Under
the fundraising agreement, Save America receives the first 75% of donations
collected through the Trump Make America Great Again Committee."
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