Donald Trump Used Campaign Donations to Buy $55,000 of His Own Book 08.24.16 Donald Trump [ http://www.thedailybeast.com/content/dailybeast/articles/2016/07/21/leaked-donald-trump-rnc-2016-speech-packed-with-lies-and-shady-stats.html ] used his campaign funds to buy thousands of copies of his own book at retail cost, simultaneously diverting donor money back into his pockets while artificially boosting his sales figures. It’s a tactic that may be illegal, campaign finance experts say. On May 10, the Trump campaign paid Barnes & Noble $55,055, according to a filing with the Federal Election Commission. That amounts to more than 3,500 copies of the hardcover version of Crippled America: How to Make America Great Again [ http://www.thedailybeast.com/content/dailybeast/articles/2016/07/05/kkklinton-pro-trump-super-pac-tries-to-tie-hillary-to-the-klan.html ], or just over 5,000 copies of the renamed paperback release, Great Again: How to Fix Our Crippled America. A spokesperson for the Republican nominee told The Daily Beast the books were purchased “as part of gifting at the convention, which we have to do.” Sure enough, delegates in attendance at the Republican National Convention in Cleveland [ http://www.thedailybeast.com/content/dailybeast/articles/2016/07/22/we-just-watched-the-republican-party-kill-itself.html ] in July were given canvas tote bags, stamped with the Trump slogan, and filled with copies of Crippled America, as well as Kleenex and Make America Great Again! cups, hats, and T-shirts. Delegates were also given plastic fetus figurines. The Republican National Committee did not respond when asked to confirm that its presidential candidate was required to spend tens of thousands in campaign funds on copies of his own book. And a spokesperson for Hillary Clinton’s campaign, asked if they’d ever done something similar, said, “We think we’ve probably purchased a copy or two just to have in the office, but the campaign has never purchased her book in bulk or anything close to that.” [...] http://www.thedailybeast.com/articles/2016/08/24/donald-trump-used-campaign-donations-to-buy-55-000-of-his-own-book.html
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.