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Ivanka Trump’s Mortgage, MAGA Inc.’s Donations

Автор:News

Окт 30, 2022


Today we dig into Ivanka Trump’s mortgage, look at a Trump-allied super PAC that is continuing to spend on behalf of Trump customers and check in on the anti-abortion groups working to elect Herschel Walker.


Ivanka Trump Bragged That Her Father ‘Wouldn’t Just Give Me An Apartment.’ New Documents Suggest He Basically Did Just That

“Ivanka Trump has long styled herself as a self-made woman, at least as much as the daughter of a billionaire can be,» reports Dan Alexander:

“It’s a point of pride that I’m in control of my life,” she wrote in her 2009 book, The Trump Card. “I own a two-bedroom apartment in a Trump building, but no one gave it to me.”In fact, her father appears to have pretty much done exactly that. For years, Donald Trump’s personal balance sheets, which were recently released in connection with a fraud lawsuit against him, included “receivables,” with one noted as “Ivanka (T Park Ave).” That particular receivable was listed at $1.5 million, the exact price of the two-bedroom unit in Trump Park Avenue that Ivanka bragged about owning.

In other words, although Ivanka might try to claim her father did not technically give her apartment, he appears to have loaned her 100% of the money she needed to buy it. In her book, Ivanka conceded that she had received some fatherly help. “I’m paying a mortgage on my apartment,” she wrote. “Admittedly, I pay my mortgage directly to my father instead of to a bank, but it’s a mortgage just the same, and I’ve never missed a payment.”

Her loan, however, does not appear to have been a “mortgage just the same,” as she put it. In 2021, 17 years after Ivanka purchased the apartment, her father’s financial documents still listed a receivable of $1.5 million described as “Ivanka (T Park Ave)”, suggesting that her mortgage came with an unusually long period in which she did not have to pay down any principal.


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In Case You Missed It


Trump-Linked Super PAC Spends Millions In These Key Senate Races

“A new super PAC linked to former President Donald Trump has invested millions to support Republicans in five key Senate races next month, targeting Pennsylvania Senate candidate John Fetterman (D) along with President Joe Biden in its latest ad campaign,” reports Sara Dorn:

MAGA Inc.—which is run by Trump spokesperson Taylor Budowich—has spent $11.7 million on advertising in five Senate races since October 6, the ad tracking firm AdImpact reported Wednesday

MAGA Inc.’s largest investment so far ($2.89 million) is in Arizona, where Trump-endorsed Republican Blake Masters is waging a comeback against Sen. Mark Kelly (D), whose polling lead over Masters has narrowed from about 6.7 to 3.6 points in the last two weeks, according to FiveThirtyEight’s polling average.

Trump’s PAC has also spent more than $1.8 million each on Senate races in Nevada (where Democratic Sen. Catherine Cortez Masto is facing Republican Adam Laxalt) and Georgia (where Democratic Sen. Raphael Warnock is running against Republican Herschel Walker).

This week’s ad buy is the second time in the past two weeks that the Trump-allied MAGA Inc. has spent millions on behalf of candidates who have funneled political money to Trump properties. Masters, Laxalt and Walker have combined to shift $290,000 to Trump’s businesses, as Forbes reported last week. In an email, Budowich said that questions about any relationship between the ads and spending at Trump properties were “absurd and absolutely sophomoric.”


Continuing Irresolutions

Updates on Checks & Imbalances’ previous reporting

Women Speak Out PAC spent another $74,000 on mailers opposing Sen. Raphael Warnock (D-Ga.) on Wednesday. Anti-abortion PACs have now spent at least $868,000 backing Herschel Walker since it was first reported that he’d paid for and encouraged his girlfriend to have an abortion. Walker denies the allegations.


Intriguing Expenses

Rep. Jody Hice’s (R-Ga.) campaign paid The Gober Group $45,000 in legal fees on Aug. 1. The Austin, Texas-based law firm represented Hice in his unsuccessful attempt to quash a subpoena from the Fulton County District Attorney in July. The DA’s office is investigating attempts to overturn the 2020 presidential election.

The Federal Election Commission allows candidates to use campaign funds to cover legal fees as long as the expenses are related to their official position. A spokesperson for the Hice campaign did not immediately respond to an inquiry.

*****

The campaign for Rep. Dan Crenshaw (R-Texas) donated $1,700 to an unspecified GoFundMe on Sept. 6. A spokesperson for the campaign did not immediately respond to an inquiry.

*****

On Sept. 1, the campaign for Rep. Alex Mooney (R-W.V.) spent $540 on event tickets at the Trans-Allegheny Lunatic Asylum, according to FEC records. The 160-year-old former hospital for the mentally ill now offers historic and paranormal tours. The visit was part of a meeting for Mooney’s office staff, according to a campaign spokesperson.


Oopsies

In September, the FEC made the rare move of fining a PAC’s treasurer in his personal capacity, rather than in his official one.

Robert Lucero of Culver City, California, UtePAC’s now-former treasurer, agreed to pay $3,500 after an FEC inquiry determined that he had understated receipts and failed to properly document contributions and expenses. Between January 2019 and February 2020, for example, UtePAC disbursed $318,000, but only disclosed spending $11,000, according to the investigation.

The FEC reduced its fine from $33,000 after Lucero pleaded financial hardship. UtePAC’s mission is to support the Ute Indian Tribe’s defense of its sovereignty.


Tracking Trump

Forbes continues to update “Tracking Trump: A Rundown Of All The Lawsuits And Investigations Involving The Former President.”

America First Policy Institute, a dark-money nonprofit allied with Donald Trump, is hosting a gala at Mar-a-Lago on Nov. 18. Donations to AFPI made in hopes of winning an invite are tax-deductible, according to the contest entry.

The campaign for Rep. Troy Nehls (R-Texas) spent $345 on meals at Trump’s golf club in Virginia on Aug. 11, according to an FEC report filed earlier this month. Trump endorsed Nehls in February.

*****

This weekend, Trump’s Miami resort hosts the team championship of the Saudi-backed LIV Golf tour.

  • “Trump’s fundraising operation sent an email signed this morning by Blake Masters, the Arizona Republican Senate candidate. But the default split is … absolutely brutal, with 99 percent of it going to Trump and 1 percent to Masters.” (Twitter/Zach Montellaro of Politico)
  • “Jared Kushner seen in the first row at the Saudi investment forum that just started in Riyadh this morning” (Twitter/Independent journalist Ahmed Al Omran)
  • “Trump, too, is working on a book — on a yet to be announced subject — that will be published through Winning Team Publishing, run by his son Donald Trump Jr. and a top lieutenant, Sergio Gor.” (Politico)

Editor’s Picks

  • “That Cardboard Box in Your Home Is Fueling Election Denial” (ProPublica)
  • “Amazon puts January 6 in the rearview mirror: ‘It’s been more than 21 months’” (Popular Information)
  • “How Mike Lindell’s Pillow Business Propels the Election Denial Movement” (The New York Times)
  • “Liz Cheney launches TV ad targeting Arizona election deniers” (NBC News)
  • “Russia continues funding media in the U.S.” (Politico)
  • “Senator Robert Menendez is under investigation again” (Semafor)
  • “Members of Congress pocketed tens of thousands from lobbyists linked to China’s Huawei” (The Washington Examiner)
  • “Ron DeSantis’ Old Law Firm Received Millions in State Funds” (The Daily Beast)
  • “Federal lobbying topped $3 billion through third quarter for the first time ever” (OpenSecrets)
  • “Two Former Directors of Public Works Sentenced for Accepting Bribes” (Department of Justice)
  • “Amazon quietly gave $400,000 to conservative nonprofit that opposed new antitrust legislation” (CNBC)
  • “Democrats Raise Questions About Mnuchin’s Deals in Persian Gulf” (The New York Times)
  • “The Election-Swinging, Facebook-Fueled, Get-Out-the-Vote Machine” (Wired)

In Closing

“The most beautiful house in the world has a mortgage

What do I care?”

— Frank Sinatra, “The Most Beautiful Girl in the World”





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