Category: Great Buisnessman

Trump Preps for Presidency as He Attempts to Sue a Painter Out of Business

After his election, Donald Trump quickly settled a series of business disputes — but just days before his inauguration, the president-elect’s company is still waging a legal battle against a Florida shop owner over an unpaid bill.

The matter could have been settled for what amounts to pocket change for a billionaire, but the Trump Organization decided to take its chances in court.

Now Trump stands to lose hundreds of thousands of dollars. And if he wins, it could force a small businessman — one of hundreds who say they were stiffed by Trump over the years — possibly into bankruptcy.

That businessman, Juan Carlos Enriquez, owner of The Paint Spot, won the first round of the legal skirmish last summer when a judge found a lien he slapped on the Trump National Doral golf resort was valid.

The court ordered Trump to pay for $32,000 worth of paint, plus nearly $300,000 in legal fees. Trump’s company appealed, and barring a last-minute resolution, the case will be pending when he takes office; the deadline for final briefs is two days before he becomes the most powerful person in America.

Enriquez’s lawyer, Daniel Vega, said he is not surprised it has gone this far.

“The Trump litigation team litigated this case from day one like lions on fresh meat and continue to do so now on appeal,” he told NBC News.

The matter dates back to the fall of 2013 when Enriquez, who owns three Miami paint stores, was tapped by a subcontractor to supply paint for a major remodeling project at the Doral resort, owned and operated by a Trump company called Trump Endeavor.

There is no dispute that the paint was delivered and used on the property, according to court records. But after the subcontractor walked off the job weeks before completion, Enriquez didn’t get a final payment.

In a deposition, a project manager for general contractor Straticon testified that he failed to get the Trump Organization to pay the balance.

“Were you trying to pay him,” Vega asked the manager, Jamie Gram, during the sessions.

“I was,” Gram replied.

“And what happened?”

“Somebody chose not to,” Gram said.

“Who?” the lawyer asked.

“The Trump Organization,” Gram said.

“Who at Trump?”

“I don’t know,” Gram said. “Mr. Trump. Donald Trump.”

In October 2014, Enriquez filed a lien — a legal tool that can be used to recover a debt by tying up a piece of property — against Doral.

Eight months later, Enriquez filed a lawsuit against Trump Endeavor, seeking to foreclose on the 800-acre resort.

The Trump team’s defense was largely technical.

It turned out that when Enriquez took the job he submitted paperwork called a Notice to Owner, which would allow him to file a lien against the property if a bill wasn’t paid.

A Trump official gave him a form to work off — but it listed the general contractor for a different part of the project, and Enriquez repeated the mistake on his notice.

Gram later noticed and flagged the error. Enriquez said he would fix it but never did, court documents show.

At trial, though, Gram testified that the decision not to pay Enriquez “had nothing to do with a defective notice to owner.”

He went on to explain that the bill went unpaid because the Trump Organization had already paid “a decent amount of money” to the subcontractor, M&P, before it abandoned the job. The resort used any money left over, plus additional funds, to complete the unfinished paint job, he said.

Gram’s testimony appeared to distress Trump’s legal team, Miami-Dade Circuit Court Judge Jorge Cueto noted in his June 2016 ruling.

“When Mr. Gram made that admission, Trump’s trial attorneys visibly winced, began breathing heavily and attempted to make eye contact with him,” the judge wrote.

The judge found that Enriquez had made “diligent efforts” to comply with the lien law and that being given the wrong paperwork by the Trump official was the root of the mistake. He also dismissed Trump clams that the bill was fraudulent, subtracting only $76.39 for a stepladder from the bottom line.

Cueto then dealt the Trump team a bigger blow, ruling that they had to pay Enriquez’s legal costs. Because Vega had taken the case on contingency, meaning he would not get paid if they lost, the judge tacked on a multiplier to compensate him for the risk he took, nearly doubling the award to $283,949.91.

“Trump elected to fight this case ‘tooth and nail’ instead of resolving it for a reasonable amount, driving up Paint Spot’s litigation fees and costs,” the judge explained.

The Trump trial attorneys did not respond to requests for comment, nor did the Trump Organization’s general counsel. The attorney handling the appeal, Bruce Rogow, did not respond to a question about who should have paid Enriquez for the paint used at Doral.

“Florida Statutes on liens are very specific and the appeal seeks to enforce those statutes which would mean that there was no valid lien to begin with and therefore the plaintiff was not entitled to any relief,” he wrote in an email. “That really is all that is at issue.”

Rogow did not respond to a question about whether the president-elect was personally involved in the decision to appeal the judgement. A spokesperson for Trump also did not respond to questions from NBC News.

Vega said he is confident The Paint Spot will win the appeal. But if he loses, he said, Enriquez could be saddled with Trump legal fees and might face bankruptcy. Trump’s attorney declined to say whether they would seek to recoup the legal fees.

Despite the stakes, Vega said he and his client were not afraid to take on the litigious billionaire.

“The Paint Spot is also owned by a proud small business owner… and he felt and we agreed that he was right factually and legally and therefore, we both decided to take on the risk,” Vega said.

(h/t NBC News)

Donald “Never Settle” Trump Settles University Lawsuit

Donald Trump has agreed to a $25 million settlement to end the fraud cases against his now-defunct Trump University, New York’s attorney general said — a move that the president-elect said Saturday was done in order to “focus on the country.”

The settlement likely means that Trump will avoid becoming possibly the first sitting president to testify in open court.

New York Attorney General Eric Schneiderman called the settlement on Friday “a major victory for the over 6,000 victims of his fraudulent university.” Lawyers involved in the cases say the settlement applies to all three lawsuits against Trump University including two cases filed in California.

Trump commented on the settlement via Twitter on Saturday, telling his 15 million followers that the only “bad thing about winning the presidency” was not being able to fight the “long but winning” Trump University trial.

(h/t NBC News)

Reality

Remember this?

And this?

And this?

 

 

Five Days Before Election, Another Trump Property Fails

A Canadian judge has appointed a receiver to oversee the sale of a Toronto hotel-condo tower bearing the name of U.S. presidential candidate Donald Trump after the tower’s developer failed to make payments on its loans.

The decision brings the 65-storey Trump International Hotel & Tower, the first Trump-branded hotel in Canada, one step closer to a change of ownership after several setbacks since it opened its doors in 2012.

In his presidential campaign, Trump has emphasized his credentials as a wealthy businessman, while his political opponents have long pointed out that his career includes business failures. The Toronto project showed the limits of Trump’s brand in Canada.

The Toronto tower was developed by Talon International Inc., which licensed the Trump brand and hired a Trump-owned company to manage it.

Since its launch, less than half of its residential condos have been sold by Talon and the hotel’s occupancy rates have been lower than some investors in the rooms had hoped. The average daily rate for hotel rooms in the building has declined by about 30 per cent, court documents suggest.

Some hotel unit buyers have said they were misled into investing and have launched lawsuits against Talon, which Talon has said are without merit.

(h/t CBC News)

Lawsuit Alleges Trump Wanted to Replace Unattractive Female Employees

Donald Trump wanted to fire female employees he considered unattractive and replace them with better-looking women at a golf resort he owned, according to court documents from a 2012 lawsuit.

As reported by the Los Angeles Times, the court documents detail a lawsuit that alleges Trump pressured employees at the Trump National Golf Club in Rancho Palos to replace those he viewed to be unattractive female employees over a number of years in the 2000s.

The report comes as Trump has faced renewed criticism that he disrespects women, a narrative fueled by his controversial remarks about a former Miss Universe that he worked with when he owned the beauty pageant. Hillary Clinton raised in Monday’s debate the fact that he called Alicia Machado “Miss Piggy” and “Miss Housekeeping” after she won his 1996 Miss Universe pageant.

Hayley Strozier, an employee at the golf club until 2008, alleged in a sworn declaration she “had witnessed Donald Trump tell managers many times while he was visiting the club that restaurant hostesses were ‘not pretty enough’ and that they should be fired and replaced with more attractive women.”

According to the LA Times report, the employees said in their lawsuit that they rotated employees schedules “so that the most attractive women were scheduled to work when Mr. Trump was scheduled to be at the club.”

The Trump Organization called the allegations “meritless.”

“We do not engage in discrimination of any kind,” said Jill Martin, vice president and assistant general counsel for The Trump Organization. “The statements made by a group of former disgruntled employees are far from an accurate portrayal of what it is like to work at Trump National Golf Club Los Angeles. Mr. Trump’s sole focus is on ensuring that the facility and operation are providing the highest level of service and an unparalleled golf experience. The only appearance Mr. Trump cares about is that of the facility and the grounds. Rather than looking to old statements from a handful of employees with an ax to grind, the media should focus on the thousands of happy employees, of all races, gender, size and shape, whose lives upon which Mr. Trump has made an incredibly positive impact.”

In the lawsuit, employees claim that Trump’s stated preferences regarding female employees caused managers to value appearance over skill when making hiring and staffing decisions. They also allege that Trump himself made inappropriate and unprofessional comments toward female employees.

The LA Times described the case as a “broad labor relations lawsuit” that is “focused on the course’s high-pressure work culture” in addition to spotlighting the revelations about Trump’s treatment of female employees.

According to the Times’ report, “the bulk of the lawsuit was settled in 2013” with a $475,000 payment to plaintiff employees without any admission of wrongdoing. Another female employee who said she was fired for complaining about the treatment of women at the golf club agreed to a separate settlement with confidential terms.

(h/t CNN)

Trump’s Companies Made $1.6 Million Off the Secret Service

Donald Trump is making millions off his own Secret Service detail, and your tax dollars.

The Service is tasked with protecting high-ranking government officials and presidential candidates (among other duties) like Trump. Since this protection is mandatory, it’s common practice for the Service to reimburse campaigns for travel expenses. But it looks like the $1.6 million the Service recently paid the Trump campaign went right back to Trump’s business interests, according to Politico.

The business mogul and his security detail regularly fly on the Trump-owned jet service, TAG Air. The firm also manages Trump’s fleet of private planes. So the money the Service pays back goes right back to his business. Politico reviewed Federal Election Commission filings and found that TAG has already made $6 million off Trump’s campaign.

For comparison, Democratic candidate Hillary Clinton charters planes from a private company called Executive Fliteways, one where the Clintons do not have any ownership interest, Politico reported.

It’s not the only way that Trump has been profiting from his White House run.

Last week, he finally admitted President Obama was born in the United States at his hotel in Washington, D.C., earning free media coverage for what CNN’s Jake Tapper later called a “political rick roll.” Trump’s campaign has spent major sums on rent at his hotels and buying copies of his own books, too. He’s even previously stated that he may wind up actually making money from his presidential bid.

(h/t Fortune)

Reality

Donald Trump’s critics have questioned whether the Republican nominee, who points to his business acumen as a case for his candidacy, is trying to do what he has suggested he would in 2000 when he mulled making an independent run: “It’s very possible that I could be the first presidential candidate to run and make money on it.”

Trump Overseas Business Conflicts ‘Can’t be Unwound’

The author of a new report that alleges Donald Trump’s businesses overseas have conflicts with America’s interests said Wednesday that the Republican presidential nominee “makes money by aiding the people whose interests don’t coincide with America’s.”

“The interests of these businesses, the interests of these politicians, often go directly against the interests of American national security. So right now you have Donald Trump in a situation where he makes money by aiding the people whose interests don’t coincide with America’s,” Newsweek senior writer Kurt Eichenwald told CNN’s Chris Cuomo and Alisyn Camerota on “New Day,” adding later, “The important thing here is this is an entanglement that can’t be unwound.”

The Newsweek report raised a series of questions about how Trump would handle the countless conflicts of interests inherent in his overseas business interests.

Trump has said he plans to entrust his business to his children if he is elected president, a move that would only partially distance Trump from his massive corporation and do little to quell questions about influence-peddling and conflicts of interest.

“From what I’m hearing, Trump is planning to say that he will put the company in a blind trust — which is sort of like saying ‘I have 100 million shares of Apple stock and I’m going to put it in a blind trust,'” Eichenwald said. “He would know what’s there, he knows who his partners are and he knows, you know, he will know going forward.”

“Now, in the future, you’re talking about giving money to either the family of the President of the United States or money that will go to the President of the United States if his company is in this, you know, blind trust.”

CNN has reached out to the Trump campaign for comment on the report and has not yet received a response.

Ivanka Trump also discussed the future of the Trump business empire if her father wins the presidency during an interview on “CBS This Morning” on Wednesday. Asked what the family would do to prevent potential conflicts of interest, she said that “as a private business, we can make decisions that are not in our best interest.”

“There’s something so much bigger than our business at stake, and that’s the future of this country,” she said. “We can say, you know what, we’ll do less deals, and not going to do that deal even though it’s a fine deal and economically reasonable because it could create a conflict of interest. And we’ll act incredibly responsibly, and my father already said he would put it into a blind trust and it would be run by us.”

The report outlines a series of potential conflicts of interests, from Trump’s dealings with businessmen who have been the subject of government investigations in India and Turkey to his ties to powerful Russian oligarchs.

On “New Day,” Eichenwald explained why Turkey would be problematic for the Republican nominee. He said that a failed business deal between Trump and a politically-connected organzation in the country had created potential tension between Trump and the President Recep Erdogan, who had called the deal a “mistake.”

“What I am being told is that Turkey’s cooperation with the United States, in terms of providing an air base where we are able to launch bombers against ISIS would be at risk if Donald Trump was president,” he said.

And where Trump has suggested significant changes to US foreign policy, the Newsweek report magnified some of Trump’s business dealings.

Trump, who has floated the idea of Japan and South Korea obtaining nuclear weapons, maintains an ongoing business relationship with Daewoo Engineering and Construction, according to Newsweek. Daewoo is one of the top South Korean companies involved in nuclear energy projects.

In India, Newsweek raised questions about Trump’s ties to powerful businessmen and political parties in the country, particularly in light of promises from Trump’s son, Donald Trump Jr., to build “a very aggressive pipeline” there with “exciting new projects” to come.

“If he plays tough with India, will the government assume it has to clear the way for projects in that ‘aggressive pipeline’ and kill the investigations involving Trump’s (Indian business) partners? And if Trump takes a hard line with Pakistan, will it be for America’s strategic interests or to appease Indian government officials who might jeopardize his profits from Trump Towers Pune?” Eichenwald wrote.

Eichenwald also discussed potentially problematic connections between Trump and Russian oligarchs under the political umbrella of Russian President Vladimir Putin.

One such connection comes from a deal in which the GOP nominee attempted to license the Trump name to an organization in Russia. Eichenwald said that “the head of that organization, who, again, very politically connected, very tied in to the Putin government, backed away from the deal because Trump wanted too much money.”

Trump would undoubtedly have the most expansive and complex international business portfolio of any president in US history, which would bring an added layer of scrutiny to nearly every foreign policy decision Trump would make as president.

Hillary Clinton’s presidential campaign sought to jump on the story Wednesday by tweeting 20 questions that they would like Trump to answer about Eichenwald’s report.

“Will you sever ties with your company linked to foreign leaders, questionable organizations, and criminals if you become president,” read the first.

The questions also hit Trump for not releasing his tax returns, his business connections and his ability to separate his responsibilities as president with his businesses ventures.

“How can we be sure you’d be willing to be tough on any nation if necessary, if it would put your interests and profits at risk?” asked another question.

(h/t CNN)

Reality

A close examination by Newsweek of the Trump Organization revealed a web of contractual entanglements that could not be just canceled. If Trump moves into the White House and his family continues to receive any benefit from the company, during or even after his presidency, almost every foreign policy decision he makes will raise serious conflicts of interest and ethical quagmires.

In short, because Donald J. Trump would hand over the control of his company that rakes in millions to his children, even with a blind trust as he promised, any policy decision that he would make he would already be aware of any negative or positive impact on his children and their company.

Some of his children are even acting as advisors to his campaign and have helped to write policy proposals, which as they mentioned during the RNC, they plan on continuing in this capacity during Trump’s presidency. This will unquestionably effect their decision-making as the head of a multi-million dollar company, that can skew policy to help their bottom line.

This level of conflict of interest would be undoubtedly seen as a vulnerability by foreign governments who could use the Trump Organization’s interests as leverage in their foreign policies or negotiations with the United States.

Some, but not all, of these concerns could be assuaged if Donald Trump would simply release his tax returns. But to be truly clear of any conflict of interest, as he once suggested of the Clinton Foundation, the Trump Organization should be shut down immediately, contracts canceled, and money returned back to their owners.

It is a long read, but to fully understand the massive scope of this damaging issue, one must read in its entirety.

 

Ivanka Trump Lies About Trump Organization’s Paid Parental Leave

In an apparent contradiction to what Ivanka Trump said on “Good Morning America” yesterday, the Trump Organization has suggested that not all of its employees are eligible to receive eight weeks of paid maternity and adoption leave.

Deirdre Rosen, the senior vice president of human resources for the Trump Organization, told ABC News that the Trump Organization does offer a an eight-week paid parental leave policy, but said that may not be the case at the various properties that comprise GOP presidential nominee Donald Trump’s sprawling empire.

“The Trump Organization is proud of the family friendly environment it fosters throughout its portfolio. The Trump Organization, along with the lifestyle brand, Ivanka Trump, a company separate from the Trump Organization, wholly owned by Ivanka Trump, both offer an industry leading eight-week paid parental leave policy,” Rosen said in a statement. “The policies and practices allowing employees to enjoy a healthy work-life balance vary from property to property. We take an individualized approach to helping employees manage family and work responsibilities.”

During an interview Wednesday on “Good Morning America,” Ivanka Trump told ABC News anchor Amy Robach that all of Trump’s employees are offered paid maternity leave and adoption leave.

Robach asked if the benefit is applicable to all Trump Organization workers. Ivanka Trump responded: “It is and also adoption leave.”

The Trump Organization declined to release copies of its employee handbooks to ABC News, saying “the organization is a private business and will not be providing their handbooks which are considered proprietary.”

ABC News has asked the company to provide the sections in the employee handbook outlining the Trump Organization and Ivanka Trump’s family leave policies. The company has not yet responded to that request.

The Trump Organization also declined to elaborate on which employees are eligible for the eight-week paid parental leave.

The Trump campaign told ABC News this afternoon that the statement from Trump’s company “needs no further comment.”

Here is the full exchange between Robach and Ivanka Trump:

ROBACH: You’re an executive vice president at the Trump Organization. You said last night that the Trump Organization headed by your father does offer paid maternity leave for its employees. Is that for all of the thousands of employees of your father?

IVANKA TRUMP: It is and also adoption leave. So it’s a great thing and at my own business since inception I’ve offered eight weeks paid leave, only 10 percent of American companies offer that benefit, so it is quite unique and this policy is to encourage more companies and to encourage all Americans to be able to get the benefit of it should they be new mothers because it’s so critical and important.

(h/t ABC News)

Reality

If it does offer parental leave, that’s news to employees at many of the Trump Organization’s hotels.

The Huffington Post on Wednesday morning checked the validity of Ivanka Trump’s comments to ABC. Employees at the Trump SoHo, New York and Miami hotels, as well as the Mar-a-Lago Club in Florida, all said that they do not offer workers paid maternity leave. Instead, they said that the company complied with the Family and Medical Leave Act, a federal law that requires companies to give employees up to 12 weeks of unpaid time off for the adoption or birth of a child.

An undated employee handbook for the Trump International Hotel Las Vegas, obtained by HuffPost, states that workers there are entitled to unpaid family leave, in accordance with the FMLA. The manual notes that employees must “substitute their earned and unused vacation days and personal days for any otherwise unpaid FMLA leave.” That is, if employees want paid maternity or paternity leave, they have to use other paid time off that they’ve banked.

Media

Good Morning America via Yahoo News

Donald Trump Jacked Up His Campaign’s Trump Tower Rent Once Somebody Else Was Paying It

Donald Trump’s campaign is defending its reasoning for more than quadrupling what it pays to rent office space in the Republican presidential nominee’s namesake tower, saying the higher rent comes from occupying more space.

Federal Election Commission filings show that the Republican nominee’s campaign paid $169,758 in rent last month for space at the Manhattan skyscraper — a dramatic jump of 5 times the amount from March, when the campaign paid Trump Tower LLC only $35,458 in rent.

The spike in rent, which was first reported by The Huffington Post, is a result of the campaign adding two more levels to its existing space, the campaign said Tuesday.

“We calculated the rent based on the average rent per square foot in the area,” the campaign said in a statement provided to CNN.

“Overall, we still pay over $40,000 less in rent than the Clinton campaign,” the statement added. “Also, Mr. Trump makes a personal contribution of $2 million per month to the campaign, obviously a much higher amount than rent.”

Clinton’s campaign is paying about $212,000 a month, according to the Huffington Post, in rent for its 80,000 square feet of office space in Brooklyn.

Steven Cheung, Trump’s director of rapid response, also told the Associated Press the “expansion is in anticipation of more staff.”

However the Trump campaign has not expanded, in March the campaign had 197 paid employees and consultants, while in July it paid 172 employees and consultants.

“If I was a donor, I’d want answers,” said a prominent Republican National Committee member who supports Trump, asking for anonymity to speak freely. “If they don’t have any more staff, and they’re paying five times more? That’s the kind of stuff I’d read and try to make an (attack) ad out of it.”

Indeed, Hillary Clinton’s campaign pounced on the reports of larger rent payments. Democratic vice presidential nominee Tim Kaine said Tuesday that Trump “has highly unusual expenditures, even in this campaign.”

The 172 employees paid by the Trump campaign last month is dwarfed by the more than 700 paid staff on Clinton’s campaign.

“So, as an example, Donald Trump is renting space in one of his buildings to his campaign and the campaign is paying Donald Trump personally for the space,” Kaine said during a roundtable in Lakewood, Colorado. “Once he started to fundraise dramatically, he was self-funding for a while, but once he started to fundraise dramatically, he immediately tripled the rent payment that his campaign donors were paying him personally.”

It isn’t the first time that Trump’s campaign has appeared to be working in concert with his business interests. Federal records have shown that Trump had directed almost a fifth of his campaign cash to companies to which he is linked.

(h/t CNN, Huffington Post)

Reality

While we must stress that there is no direct evidence that Donald Trump is purposefully lining his pockets with the money from donors, but the timing of raising his rent 5 times (that he pays to himself) as soon as he begins accepting external donations while having no good explanation does raise major questions.

However it is important to remember Trump has suggested in 2000 when he mulled making an independent run: “It’s very possible that I could be the first presidential candidate to run and make money on it.”

Historically, candidates would separate themselves from their business interests when running for office. Trump has done the opposite by promoting his businesses while running for office.

Trump Campaign “Confirm” a Gulf War Marine Rescue From Trump That Never Happened

In a May post on his website, Fox News personality Sean Hannity falsely claimed that in 1991 now-GOP presidential nominee Donald Trump sent his private jet to retrieve 200 “stranded” Gulf War veterans from Camp Lejeune in Jacksonville, North Carolina.

According to the erroneous report — which the Trump campaign said they confirmed to be true — “Mr. Trump did indeed send his plane to make two trips from North Carolina to Miami, Florida to transport over 200 Gulf War Marines back home.”

The Hannity story mostly relied on the recollections of a single source, of Cpl. Ryan Stickney, who was a squad leader in a Marine Corps Reserve antitank (TOW) company that was called up for duty for the 1990-91 conflict that took place after Iraq invaded Kuwait. Cpl. Stickney told his story at a Trump rally in June.

Snopes.com and Washington Post looked deeper into the anecdote and found that the plane — though it bore Trump’s name, as does his private jet — was actually one of a Trump Shuttle fleet of planes from his short-lived airline and not his personal plane as the Trump campaign “confirmed.”

Trump Shuttle was an airline that Trump briefly owned before it was essentially seized by the banks because he failed to make payments on his loans.

But this is where Sean Hannity’s and the Trump campaign’s story starts to break down. Trump’s personal plane only holds 24 passengers, not anywhere near the space required for 200 Marines. Also the Boeing 727s, which do have the appropriate seating capacity, flown by Trump Airlines had a white fuselage while Trump’s personal plane from 1991 was blue and had different markings.

A picture of Trump’s plane from 1991

And finally, Donald Trump made a terrible deal when he purchased Eastern Air Shuttle and re-branded it as Trump Shuttle. Timing is everything in business, and unfortunately for Trump he entered the airline game at the wrong time. So in September 1990, Trump defaulted on the loan and the banks took over Trump Shuttle. The banks searched far and wide for a buyer before they reached a long-term agreement with US Air to manage the airline until 1996, and then to buy it.” So by April 1991, Donald Trump no longer even controlled the planes that flew with his name on them.

Even veterans who were there and in the know rebuked the Trump campaign’s claim.

Lt. Gen. Vernon J. Kondra, now retired, was in charge of all military airlift operations. He said that relying on commercial carriers freed up the military cargo aircraft for equipment transport. But Kondra said the notion that Trump personally arranged to help the stranded soldiers made little sense. “I certainly was not aware of that. It does not sound reasonable that it would happen like that. It would not fit in with how we did business,” he told The Washington Post. “I don’t even know of how he would have known there was a need.”

(h/t Salon, Washington Post, Snopes)

Reality

During this election cycle, Hannity has: peddled a moot voter fraud theory to support Trump’s claim that the election is rigged; launched an investigation into the Gold Star Khan parents, whose political agenda he said made them unfairly target Trump; and claimed “nothing” Trump’s “said is racist.”

20% of Donald Trump’s Campaign Spending Goes to Himself

Donald Trump’s campaign is almost broke, and is paying an unusual amount of money to Trump-owned businesses. That’s according to the presumptive Republican presidential nominee’s FEC filing, details of which were released Monday night.

The report provided a number of rather shocking facts, including that his campaign raised just $3.1 million in May compared to Democratic rival Hillary Clinton’s $27 million.

In comparison, Mitt Romney’s campaign raised $86.5 million in May during the 2012 presidential race. And on Monday night alone, Clinton raised about $1.6 million at a celebrity-studded fundraiser in New York City.

Another eyebrow-raising tidbit: Of the $6.7 million the Trump campaign spent in May, nearly 20% went to Trump-owned businesses or family members.

Furthermore, the filing suggests that Trump himself is drawing a salary from the campaign, which would be highly unusual.

The campaign also spent $208,000 on hats.

If Trump’s fund-raisers want to feel even worse, their haul was far less than a 2013 Kickstarter campaign to fund a “Veronica Mars” movie, as well as a recent Kickstarter campaign to fund “Reading Rainbow.”

And in a way, Buzzfeed’s widely publicized refusal earlier this month to accept Trump ads may have benefited the candidate: The original ad buy was for $1.3 million, exactly the amount the Trump campaign has left in the bank, according to the FEC report.

(h/t Market Watch)

Reality

According to The New York Times the spending raised eyebrows among campaign finance experts and some of Mr. Trump’s critics who have questioned whether the presumptive Republican nominee, who points to his business acumen as a case for his candidacy, is trying to do what he has suggested he would in 2000 when he mulled making an independent run: “It’s very possible that I could be the first presidential candidate to run and make money on it.”

“He could end up turning a profit if he repaid himself for the campaign loans,” said Paul S. Ryan, a campaign finance expert with the Campaign Legal Center. “He could get all his money back plus the profit margin for what his campaign has paid himself for goods and services.”

“We don’t have clear answers,” Mr. Ryan said. “Historically, candidates would separate themselves from their business interests when running for office. Trump has done the opposite by promoting his businesses while running for office.”

 

 

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