Main

Fleecing the flock: Fine print shows how Trump takes his cut of followers' money

As Donald Trump rolls out another cringey grift, selling branded copies of the Bible, new reporting shows how even money that is not designated as going to Trump often ends up in Trump's pocket - or his lawyers' pockets. Kristy Greenberg, former federal prosecutor discusses with Alex Wagner.  » Subscribe to MSNBC: https://www.youtube.com/msnbc Download our new MSNBC app for the latest breaking news and daily headlines at a glance: https://www.msnbc.com/information/download-msnbc-app-n1241692 Follow MSNBC Show Blogs MaddowBlog: https://www.msnbc.com/maddowblog ReidOut Blog: https://www.msnbc.com/reidoutblog MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday through Friday at 9pm Eastern. Connect with MSNBC Online Visit msnbc.com: https://www.msnbc.com/ Subscribe to the MSNBC Daily Newsletter: https://link.msnbc.com/join/5ck/msnbc-daily-signup Find MSNBC on Facebook: https://www.facebook.com/msnbc/ Follow MSNBC on Twitter: https://twitter.com/MSNBC Follow MSNBC on Instagram: https://www.instagram.com/msnbc #MSNBC #Trump #Bible

MSNBC

6 hours ago

for years now Donald Trump has insisted his favorite book is the Bible but for years now he has also been seemingly unable or at least unwilling to recall any of its specifics the whole Bible is an incredible I joke uh very much so they always hold up the art of the deal I say my second favorite book of all time but uh I just think the Bible is just something very special I'm wondering what one or two of your most favorite Bible uh verses I wouldn't want to get into it because to me that's very
personal you know when I talk about the Bible it's very personal so I don't want to get into verses I don't want to get into means a lot to you that you think about or sight the Bible means a lot to me but I don't want to get into specifics is there a favorite Bible verse or Bible story that has informed your thinking or your character through life sir well I think many I mean you know when we get into the Bible I think many so many an Old Testament guy or a new testament guy uh probably equal y
ou might think that an a would slip him a sheet of paper with something like I don't know John 3:16 on it so Trump could at least pretend to know something about the Bible but no and that reality is part of what makes Trump's latest grift so amazing all Americans need a Bible in their home and I have many it's my favorite book we must protect content that is prog God we love God and we have to protect anything that is proog God we have to bring Christianity back into our lives and back into what
will be again a great nation I'm proud to endorse and encourage you to get this Bible we must make America pray again I think you all should get a copy of God Bless the USA Bible now and help spread our Christian values with others now Donald Trump Hawking Bibles while actually never having opened one himself is ironic but it is also not out of character I mean this is the man who's selling basketball shoes right now and I'm not even sure his three-pointer exists the reason Trump is Bible pedal
ing and the reason it is interesting isn't because of the hypocrisy the reason Trump and his Bible sales are interesting is because of the fine print here this is the frequently asked questions page for this new Trump Bible if you are wondering this is the only Bible endorsed by Donald Trump which may be alarming news I don't know but the thing that actually matters here is the very last question on this list is any of the money from this Bible going to the Donald J Trump campaign for president
the answer is no despite the fact that Trump's ad for this bible really feels like a political ad to make America pre again Etc despite that money from the sale of these Bibles do does not go to any political cause it goes to a politician it goes to Donald Trump according to the New York Times Trump gets royalties from Bible purchases which is part of a licensing deal through a shell company so the money is split between this Bible company and Donald Trump at the end of the day this is really ju
st Trump getting his supporters to enrich him personally and the reason I point this out isn't because I care particularly about Donald Trump making money off a bunch of Bibles it's because this little shell game here is very much part of a pattern and we are seeing it repeat itself in a big way that could impact the 2024 election you probably remember that back in 2020 after losing the race Trump launched what he called his official election defense fund between election day and January 6 the T
rump campaign sent millions of fundraising emails to supporters sometimes as many as 25 emails a day the fundraising pitch was that the Democrats want to steal the election and that this fund needed your money to fight back Trump managed to raise $250 million with that sales pitch but there was just one small problem with Trump's official election defense fund it didn't exist I don't believe there is actually a fund call the election defense fund now Trump really did raise $250 million but only
a small fraction actually went towards anything resembling fighting back or challenging the 2020 election if you read the fine print while donating to Trump's official election defense fund you would learn that before a single penny is given to Trump's efforts to fight the election results the first $5,000 donated by any donor is split between the RNC and Trump's save America pack in other words if you sent in $200 none of that would go towards the Trump defense fund now today the New York Times
is out with a very useful piece showing where all that money did go and it turns out that all of that $254 million winfall Trump got from claiming the election was stolen it turns out Trump funneled that money through a series of different accounts like his save America P the money was part of a little shell game that ultimately paid Donald Trump's personal legal expenses using it to fill the $90,000 a day hole in his pocket from the legal bills he has been incurring in his various civil and cr
iminal cases the other big showstopper in this piece today is that that big pot of money it is nearly gone and now with those coffers nearly run dry Trump is looking for another Cash Cow next month Trump is set to hold a big ticket fundraising dinner with the RNC in Palm Beach Florida and the fine print on the invites to that dinner well that fine print is telling this is the first major fundraiser since Trump got his daughter-in-law Laura Trump installed as the co-chair of the RNC and Laura Tru
mp has since very publicly made clear that the RNC will not be paying any of Trump's personal legal bills but again look at the fine print at this fundraiser next month the invitation shows that the first $6,600 donated go straight to Trump's campaign and the next $5,000 donated after that go to Trump's save America pack The Entity that has been paying his legal bills so in order to actually get money to the RNC at this RNC fundraiser you first have to clear $1,600 in Trump's owned piggy banks s
o okay the RNC isn't paying Trump's legal Fe fees but it is not as simple as that it is a shell game Christie how is this legal how how can you how can he keep saying this one thing and doing another well I think the big question here will be looking behind all of this as to who's coordinating it if Donald Trump is coordinating between his campaign and these packs that are supposed to be third parties and independent the save America PEC is an independent even though he directs it independent th
ird party if there is sufficient coordination and you could prove that then maybe you would have something to say these expenditures are not purely personal these are really camp campaign contributions and therefore they should be subject to the limits of $5,000 that campaign contributions are subject to so again it seems to me like you said they're just trying to do an end run around these various regulations and it seems so transparent the question is will anybody look into this will the Fe lo
ok into this will will any you know will any prosecutors look into this it's it's unclear hey everyone MSNBC has a new and improved app you'll get realtime alerts and Analysis live blogs in-depth essays video highlights and the best 2024 election coverage download the new MSNBC app here's how to do it you tap on the App Store on your phone you hit search on the bottom right corner you type in MSNBC you click on the MSNBC app you click on get or the cloud icon and enjoy it

Comments