The Japan Times - Trump legal bills emptying campaign coffers

EUR -
AED 4.058922
AFN 70.73384
ALL 90.622631
AMD 400.360003
ANG 1.978174
AOA 1013.487816
ARS 1707.851119
AUD 1.626759
AWG 1.991056
AZN 1.882497
BAM 1.954114
BBD 2.232204
BDT 137.851062
BGN 1.955552
BHD 0.418149
BIF 3350.999718
BMD 1.105221
BND 1.42431
BOB 12.972807
BRL 6.240639
BSD 1.108254
BTN 104.175531
BWP 15.375873
BYN 3.339019
BYR 21662.339744
BZD 2.229007
CAD 1.57599
CDF 2558.587903
CHF 0.926281
CLF 0.02797
CLP 1100.856131
CNY 7.372545
CNH 7.375242
COP 3668.274087
CRC 500.379591
CUC 1.105221
CUP 26.59905
CVE 110.171439
CZK 24.419591
DJF 197.362394
DKK 7.476054
DOP 67.242592
DZD 151.272403
EGP 59.039602
ERN 16.578321
ETB 180.964601
FJD 2.513661
FKP 0.834795
GBP 0.835387
GEL 2.862369
GGP 0.834795
GHS 12.977803
GIP 0.834795
GMD 81.786563
GNF 9819.616487
GTQ 8.468808
GYD 231.869943
HKD 8.671545
HNL 29.802556
HRK 7.533423
HTG 145.218647
HUF 365.361855
IDR 20161.449062
ILS 3.546683
IMP 0.834795
INR 104.114565
IQD 1680.180745
IRR 2114841.178155
ISK 136.395262
JEP 0.834795
JMD 175.56852
JOD 0.783627
JPY 176.802462
KES 143.6789
KGS 96.635587
KHR 4567.183408
KMF 492.928933
KPW 994.69938
KRW 1477.691892
KWD 0.344211
KYD 0.92362
KZT 492.254191
LAK 24940.481365
LBP 99247.669161
LKR 368.562005
LRD 188.409997
LSL 18.54009
LTL 3.263431
LVL 0.668537
LYD 7.146931
MAD 10.916681
MDL 20.215558
MGA 5058.635412
MKD 61.54313
MMK 2320.854313
MNT 3983.308209
MOP 8.954136
MRU 44.844349
MUR 52.631192
MVR 17.031739
MWK 1919.769396
MXN 20.492496
MYR 4.516046
MZN 70.634307
NAD 18.523444
NGN 1489.330051
NIO 40.78518
NOK 10.556439
NPR 166.679697
NZD 1.996842
OMR 0.424977
PAB 1.108344
PEN 3.77884
PGK 5.055729
PHP 70.556241
PKR 306.473748
PLN 4.409921
PYG 6870.165666
QAR 4.040169
RON 5.349937
RSD 117.643057
RUB 90.981205
RWF 1637.187436
SAR 4.172229
SBD 8.949308
SCR 15.294604
SDG 664.812367
SEK 11.100678
SGD 1.423365
SHP 0.82816
SLE 25.312216
SLL 23175.95842
SOS 632.736658
SRD 41.450233
STD 22875.851868
STN 24.479322
SVC 9.697808
SYP 14370.088684
SZL 18.523449
THB 37.471392
TJS 10.224117
TMT 3.879327
TND 3.336067
TOP 2.661108
TRY 55.667128
TTD 7.528641
TWD 36.334041
TZS 2926.237275
UAH 50.361848
UGX 4561.064716
USD 1.105221
UYU 44.921445
UZS 13266.553624
VES 995.241391
VND 28432.373525
VUV 132.994305
WST 3.088938
XAF 655.957
XAG 0.022071
XAU 0.000283733133
XCD 2.986916
XCG 1.997413
XDR 0.781449
XOF 655.957
XPF 119.331742
YER 261.387215
ZAR 18.685641
ZMK 9948.319566
ZMW 22.636776
ZWL 355.880845
SSP 6572.210909
MXV 2.301333
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Trump legal bills emptying campaign coffers
Trump legal bills emptying campaign coffers / Photo: Brendan Smialowski - AFP/File

Trump legal bills emptying campaign coffers

Donald Trump has been burning through millions of dollars as he faces an onslaught of legal bills from the investigations threatening his presidential election bid -- with some sources of funding drying up fast.

Text size:

The former US president is hardly strapped for cash, as his joint fundraising committee brought in $54 million during the first half of 2023 -- more than any of his Republican primary rivals in next year's election.

But critics say new financial filings demonstrate how his spiraling legal woes are making a significant dent in a war chest that could be going to TV spots, rallies and other campaign events as he bids for a second term.

The Save America political action committee (PAC) Trump founded disclosed this week that it was down to its last $4 million by the end of June -- loose change in campaign finance terms -- after spending more than $20 million on legal fees.

Trump has a wide berth to spend vast sums on lawyers, and there is no question of criminal wrongdoing in doing so, but Washington watchers have questioned whether campaign donors should be expected to pick up such tabs.

"If you're sending Trump money, it's almost exclusively going to his personal legal fees," said attorney and conservative political writer A.G. Hamilton.

"Which also means they are going to have practically nothing left over for spending on turnout efforts to compete with Democrats in key states."

Trump's latest indictment over his push to overturn the 2020 election will further strain resources, with legal bills now his PAC's largest expense as the billionaire faces indictments in Florida, New York and Washington.

- 78 felony counts -

The Republican National Committee covered most of Trump's legal bills until November last year but stopped when he launched his 2024 election bid.

His various political operations have around $32 million cash in the bank heading towards January's Iowa caucus -- the first nominating contest in the primary season.

Most of the money Trump raises goes directly to his presidential campaign, with just 10 percent going to Save America, which has been covering legal expenses for almost any figure in Trump's orbit ensnared in the investigations.

The PAC, which raises most of its money from small-dollar donations, informed the Federal Election Commission it had given $21.6 million to law firms defending Trump and his allies this year -- $5 million more than its total legal costs in 2021 and 2022 combined.

Estimated by Forbes to be worth $2.5 billion, the former reality TV star enters primary season charged with 78 felonies in three separate criminal probes.

He is due to go on trial in New York in March next year over allegations that he covered up "hush money" payments to a porn star, and is scheduled to be tried two months later over his alleged mishandling of national security secrets.

He is in court on Thursday for a preliminary hearing over his alleged election interference and is expected to soon be charged by state prosecutors over similar allegations in a separate case focused on the southern state of Georgia.

- 'Ripped off' -

Trump launched Save America after losing the 2020 election to Joe Biden, raising $250 million in two months from supporters asked to contribute to an "election defense fund" to contest the outcome.

Fundraising emails used "dangerous and inflammatory" language stating falsely that donations could help "Stop the Steal," according to a 2022 report by the congressional committee investigating Trump's misconduct around the election.

None of the money went to recount and election-contest related expenses, with much going unspent and significant sums being divided between funding the Republican National Committee and bolstering Trump's political war chest.

"In short, President Trump and his campaign ripped off supporters by raising more than $250 million by claiming they wanted to fight fraud they knew did not exist and to challenge an election they knew he lost," the committee wrote.

His 2023 spending has opened a lane for Florida governor Ron DeSantis, who is running a distant second in Republican primary polling, to question the frontrunner's priorities.

"Trump has spent over $60 million on two things: falsely attacking DeSantis and paying his own legal fees, not a cent on defeating Biden," DeSantis campaign spokesman Andrew Romeo said.

A group of Trump allies led by political advisor Michael Glassner have created the "Patriot Legal Defense Fund" to take on legal bills racked up by Trumpworld figures that are not family members or the former president himself.

The Trump campaign did not respond to a request for comment but it has previously stated that cash used for legal bills was helping "to protect these innocent people from financial ruin and prevent their lives from being completely destroyed."

S.Fujimoto--JT