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Trump Engineered a Sudden Windfall in 2016 as Campaign Funds Dwindled
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Race
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| Contributor | RP |
| Last Edited | RP Oct 09, 2020 10:53am |
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| Category | Investigation |
| Author | Susanne Craig, Mike McIntire and Russ Buettner |
| News Date | Friday, October 9, 2020 04:00:00 PM UTC0:0 |
| Description | Tax records expose more than $21 million in highly unusual payments from the Las Vegas hotel Donald Trump owns with Phil Ruffin, routed through other Trump companies and paid out in cash.
Donald J. Trump needed money.
His “self-funded” presidential campaign was short on funds, and he was struggling to win over leery Republican donors. His golf courses and the hotel he would soon open in the Old Post Office in Washington were eating away at what cash he had left on hand, his tax records show.
And in early 2016, Deutsche Bank, the last big lender still doing business with him, unexpectedly turned down his request for a loan. The funds, Mr. Trump had told his bankers, would help shore up his Turnberry golf resort in Scotland. Some bankers feared the money would instead be diverted to his campaign. |
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