Advertisement
Singapore markets closed
  • Straits Times Index

    3,314.05
    +0.57 (+0.02%)
     
  • S&P 500

    5,318.16
    +14.89 (+0.28%)
     
  • Dow

    39,990.27
    -13.32 (-0.03%)
     
  • Nasdaq

    16,778.95
    +92.98 (+0.56%)
     
  • Bitcoin USD

    66,899.41
    -122.32 (-0.18%)
     
  • CMC Crypto 200

    1,367.71
    +13.29 (+0.98%)
     
  • FTSE 100

    8,420.30
    +0.04 (+0.00%)
     
  • Gold

    2,418.40
    +1.00 (+0.04%)
     
  • Crude Oil

    79.65
    -0.41 (-0.51%)
     
  • 10-Yr Bond

    4.4410
    +0.0210 (+0.48%)
     
  • Nikkei

    39,069.68
    +282.30 (+0.73%)
     
  • Hang Seng

    19,636.22
    +82.61 (+0.42%)
     
  • FTSE Bursa Malaysia

    1,627.50
    +10.88 (+0.67%)
     
  • Jakarta Composite Index

    7,266.69
    -50.55 (-0.69%)
     
  • PSE Index

    6,682.78
    +64.09 (+0.97%)
     

Trump Campaign Paid $50,000 to Firm Now Representing Son (1)

(Bloomberg) -- President Donald Trump’s campaign committee paid $50,000 in late June to the law firm now representing Donald Trump Jr. in the matter of a 2016 meeting with a Russian lawyer while seeking damaging information about Democrat Hillary Clinton.

The June 27 payment to the Law Offices of Alan S. Futerfas came almost two weeks before news of the meeting -- involving Trump’s eldest son and two other top Trump confidants, son-in-law Jared Kushner and then-campaign manager Paul Manafort, as well as lawyer Natalia Veselnitskaya and a former Soviet counterintelligence officer -- was reported.

The disclosure was part of a quarterly release by the Federal Election Commission. The agency showed Trump raised $13.3 million through three fundraising committees in the second quarter, up from the $12.6 million during the prior three months. The committees ended June with $22.6 million cash on hand, including $11.9 million in his campaign coffers.

Trump’s campaign paid $677,827 for legal services in April through June, up from $249,344 in the first quarter. The bulk went to Jones Day, the campaign’s law firm, and about $90,000 was paid to the Trump Corporation, now run by Trump Jr. and his brother Eric, as well as the $50,000 to Futerfas’s firm.
The White House didn’t respond to a request for comment. Futerfas didn’t immediately respond to an email seeking comment outside normal office hours.

ADVERTISEMENT

New York criminal defense attorney Alan Futerfas was publicly revealed as a lawyer for Trump Jr. on July 10, two days after the gathering at Trump Tower in New York was first reported by the New York Times. The mushrooming controversy about the meeting has fueled fresh accusations of collusion with Russia.

Small-Dollar Donors

The FEC showed that during the second quarter Trump received $5 million from small-dollar donors, or those who contribute $200 or less. He also saw a surge of big-money support, fueled in large measure by donors writing substantial checks to join the president at a closed-door event at his hotel in Washington in June, the first fundraising event of his re-election campaign.

The money was raised during the period when investigations into allegations of Russian interference in the 2016 election led Trump to fire Federal Bureau of Investigation director James Comey. Former FBI director Robert Mueller then took charge of the government’s probe as special counsel.

“It’s not unusual to have a president raise money for his party, but it is highly unusual for a sitting president to raise this much money for his own campaign this far away from the election,” said Michael Beckel, research director of Issue One, a group that supports tighter limits on big money in politics.

Hotel Event

Trump Victory, a joint fundraising committee that benefits both his campaign and the Republican National Committee, took in $5.2 million from donors giving $35,000 or more, the price of admission to the June 28 event at the Trump International Hotel. The committee didn’t disclose how much it paid to use the hotel, in which Trump retains an ownership interest.

Under campaign finance law, campaigns can conduct business with candidates’ businesses if they pay fair market value for the services. The disclosures show that Trump’s committees paid about $210,000 to businesses Trump owns.

Former President Barack Obama had been in office more than two years before he headlined his first re-election fundraiser. Former President George W. Bush raised $268,423 in his first two years in office, according to FEC records.

In part, Trump’s fundraising has been fueled by continued appeals to small-dollar donors. His online store continues to hawk everything from hats to coffee mugs to golf club covers, with purchases benefiting the Trump Make America Great Again Committee, another joint fundraising committee focused on grassroots supporters. And his campaign committee sends contributors text messages asking them to contribute.

“FAKE NEWS is the enemy. They don’t want YOU to hear the truth!” read one message sent on May 31, which included a link to a page for making donations. On June 16, Trump offered his small-dollar donors a shot at attending June fundraiser, selecting a winner among those who contributed within two hours of receiving the text to be entered in a contest to attend the event. “Do not worry about a thing,” the appeal read. “We will fly you to DC, we will take a picture together and you will stay at a big beautiful hotel.”

(Adds Futerfas didn’t respond to request for comment in fifth paragraph.)

To contact the reporter on this story: Bill Allison in Washington at ballison14@bloomberg.net.

To contact the editors responsible for this story: Joshua Gallu at jgallu@bloomberg.net, Ros Krasny, Kenneth Pringle

©2017 Bloomberg L.P.