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CloudCommerce's operations have not turned a profit in nearly a decade, the records indicate. The company's most recent quarterly earnings showed it has spent more than $19 million in investor money since its creation nearly two decades ago and has only $107,000 in cash on hand.

And in 2006, a top executive at the company, which was operating under a different name at the time, was caught in an FBI bribery sting and later pleaded guilty to securities fraud. The company said the former executive no longer has any connection to the company, but documents reviewed by the AP indicate he has remained involved in CloudCommerce's major corporate decisions in recent years.

Parscale did not answer written questions from the AP about what he knew regarding CloudCommerce and its history when he sold his firm to the company and joined its board of directors.

A press release announcing Parscale's hiring as Trump's new campaign manager included Eric Trump calling him "an amazing talent" who has the Trump family's "complete trust."

The owner of an obscure web development firm before the 2016 presidential race, Parscale parlayed commercial website work for Trump family businesses into a role as the public face of Trump's highly successful digital campaign. He is considered an ally of Jared Kushner and has taken credit both for selling Trump on digital advertising and for the campaign's vital last-minute pivot to Michigan and Wisconsin.

"Brad was essential in bringing a disciplined technology and data-driven approach to how the 2016 campaign was run," Kushner, Trump's adviser and son-in-law, said in the campaign press release.

https://www.cnbc.com/2018/02/28/trumps-new-campaign-chief-has-a-close-relationship-with-a-penny-stock-thats-tied-to-a-felon.html