I expect Criminal Defendant Trump will be stiffing people by not...

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Justis

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26/02/24

10:39

Post #: 72593072
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Originally posted by thecurious1: ↑

Gee, looks like a bit of new Trumpian "creative accounting" might be at work here.

Allegedly......

"The Cash-Strapped Trump Campaign Is Trying to Get Away With a New Donor Loophole

As a cash crunch looms, Trump’s campaign is miraculously not reporting donor refunds—an untested trick that makes it harder to tell how tired his donors really are.

"Typically, if a donor gives a campaign too much money, the campaign refunds the excess amount to the person, reporting it later in FEC filings. But when a donor gives too much to the Trump campaign through this joint committee, the campaign does not refund that person. Instead, The Daily Beast’s analysis of FEC data indicates that some reports appear to have simply vanished the original excessive amount altogether, even though the new amended filings show the exact same bottom line totals, down to the penny."

"Notably, the maneuvering also appears to demand at least some degree of misrepresentation to the FEC, if not outright lying—specifically, the treasurer’s written statements that the campaign had “returned” the money when its reports show no such transactions."

"It appears the Trump team has engaged in some creative accounting, exploiting structural and regulatory nuances to report an artificially low refund rate. The tactic, it seems, accounts for refunded donations through mathematics, without engaging in financial transfers that would trigger reporting requirements.

In other words, the campaign may have found a way to make refunds disappear, thanks to the fungible property of money."

The Cash-Strapped Trump Campaign Is Trying to Get Away With a New Donor Loophole (thedailybeast.com)

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I expect Criminal Defendant Trump will be stiffing people by not paying them, he is on the hook for $600 million and that is before his legal bill that are mounting by the day and if they have not been paid in advance would have their hands out saying show me the money.

In good time we will see that Criminal Defendant Trump is not as wealthy as he claims to be
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