Trump faces possible legal difficulties as the PAC is investigated regarding election donations. Here’s the story.
Investigating the PAC
Reports suggest that former President Donald Trump’s post-2020 election donation funds may be frozen as Special Counsel Jack Smith investigates the fundraising behind Trump’s Save America political action committee (PAC).
Concerns Over Funds Raised
The investigation is rooted in concerns over the utilization of funds raised by the PAC and the possibility of misrepresentation during the fundraising process.
Freezing Funds
Andrew Weissmann, former FBI general counsel, commented on the ongoing inquiries and their potential implications. Speaking on MSNBC, Weissmann outlined a potential scenario wherein the investigation might lead to “pretrial forfeiture.”
This measure could result in freezing the funds in question, rendering them inaccessible.
A Threat Looms Large
The situation poses a challenge for Trump, as significant sums were reportedly allocated for legal fees for him and other individuals connected to him.
The prospect of pretrial seizure orders could apply if the funds were obtained through fraud, although the government would need to confirm such claims.
Who to Target
The investigation could reach much further than Donald Trump.
It could extend to the PAC itself or individuals at lower levels, which could ultimately result in both civil and criminal forfeiture actions.
A Similiar Case
The article parallels the case of Steve Bannon, a close ally of Trump, who faced charges related to fraud involving a fundraising campaign called “We Build the Wall.”
The comparison underscores the possibility that misrepresentation in fundraising could lead to legal consequences.
Allegations
Trump hasn’t been charged with financial crimes in connection to this investigation. However, there have been longstanding suspicions that federal prosecutors were examining the millions of dollars raised by Trump’s team after the 2020 election.
Donation Doubters
Allegations include the idea that Trump fraudulently sought donations to contest the election outcome in court, despite being aware of Joe Biden’s victory.
Restitutions
The potential outcome of the investigation could resemble cases like Bannon’s, where restitution is mandated for fraud or money laundering victims.
Brian Kolfage, founder of the “We Build the Wall” foundation, was ordered to pay restitution for deceiving donors regarding the use of their contributions.
The Trial Date
Smith’s team has proposed commencing Trump’s trial on January 2, 2024, just before Iowa Republicans selecting their preferred candidate for the 2024 presidential nomination.
Trump Alleges an Agenda
Trump has criticized this timeline, alleging political motivations and interference with the election process.
Trumps Response
On Truth Social, Trump wrote, “Only an out-of-touch lunatic would ask for such a date, ONE DAY into the New Year, and maximum Election Interference with IOWA.”
Trump’s opposition has since raised questions about the intersection of legal proceedings and political activities.
A Tough Position
Ultimately, Special Counsel Jack Smith’s investigation into the post-2020 election fundraising activities of Trump’s Save America PAC could potentially lead to freezing funds through pretrial forfeiture measures at a time when Trump’s financial situation seems far from stable.
Poor Predictions
While Trump hasn’t been directly charged with financial crimes in this context, parallels are drawn with cases like Steve Bannon’s, where things did not go well for the defending parties.
Harm to Trump Campaign
The investigation’s timeline and potential implications could cause major harm to Trump’s 2024 campaign while he simultaneously fights other court cases against him.
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The post Firefighting: Trump’s Legal Woes Continue to Grow with Investigation into Post-2020 Election Donations Next on the Cards first appeared on Wealthy Living.
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Source: msn