According to a report in the US media, the Political Action Committee (PAC) led by Donald Trump, who has locked in the US Republican presidential candidate, spent as much money in March this year as it did last month. As the former president grapples with the aftermath of a failed civil fraud case and prepares to begin a historic hush-money criminal trial in a Manhattan courthouse, his legal bill remains one of the largest.
Save America, the political action committee that has shouldered most of Trump’s legal expenses, spent nearly $3.7 million (approximately $26.8 million) in March, according to a filing with the U.S. Federal Election Commission on the evening of April 20. RMB) for legal related expenses. For almost every $4 in donations received, $3 was spent on Trump’s legal battles.
As of April 20, Trump’s political action committee had received another $886,000 in outstanding legal bills, most of which was owed to a company called Robert & Robert for services. The firm represented Trump and his family in a commercial fraud case brought by New York State Attorney General Letitia James. The trial of the case was concluded and a verdict was announced in February this year. Not including interest, the New York court sentenced Trump and the Trump Organization to a shocking amount of US$355 million in fines and compensation.
The hush-money criminal trial against Trump initiated by Manhattan District Attorney Alvin Bragg began last Monday (April 15). Trump became the first former president to face criminal prosecution in this case. .
In March, Save America, Trump's political action committee, paid a total of $1.14 million to two law firms, Blanche Law and Necheles Law LLP, the heads of which have faced court in recent days. Trump has been providing legal services during the jury selection process.
US media said that the legal documents exposed on Saturday highlighted how big a financial "deep hole" Trump must make up as the election campaign heats up.
Meanwhile, now-President Joe Biden and the Democratic National Committee expanded their cash advantage over Trump and the Republican Party in March.
data shows that Biden's campaign committee entered April with $85.5 million in cash reserves, while Trump's campaign account only had $45.1 million, almost half less.
The Trump campaign committee spent about $3.7 million in legal fees in February and March of this year, marking a significant slowdown in the former president's campaign fund spending.
By contrast, Biden's campaign is well-funded, spending more than $29 million last month. Nearly $22 million of that amount was used to create and place campaign ads.
Trump’s political team will reportedly tap a cash pipeline to replenish dwindling resources. Under a joint fundraising agreement recently signed with the Republican National Committee and dozens of state parties, Save America receives a $5,000 contribution from each individual donor who participates in high-dollar fundraising. According to internal information obtained by CNN, the agreement prioritizes donations to Save America over donations to the Republican National Committee. That is, give your money to Trump, not the Republican Party.
The first major event under the new fundraising committee — a dinner at the Florida home of a billionaire investor — raised a record $50.5 million, according to the Trump campaign.
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