Report: Parscale Accused Of Laundering $170M In Campaign Funds
CNBC reported in July that the Trump campaign was accused in a complaint filed with the Federal Election Commission of violating federal law by effectively laundering $170 million in an effort to hide payments to advisers and vendors.
Former Trump campaign manager Brad Parscale, who was involuntarily hospitalized on Sunday after an alleged suicide threat, was at the center of the complaint.
The Campaign Legal Center said in the 81-page filing that the president’s reelection campaign and campaign committee hid $170 million in spending to major vendors as well as family members and associates by diverting the money through firms headed by Brad Parscale, who was replaced as campaign manager earlier this month, as well as other senior campaign officials.
The nonprofit alleged that the campaign effectively laundered money in order to hide payments to contractors and advisors, including the maker of a campaign app, as well as Lara Trump, the president’s daughter-in-law, and Kimberly Guilfoyle, a former Fox News host who is dating the president’s son Donald Trump Jr.
“This scheme flies in the face of transparency requirements mandated by federal law, and it leaves voters and donors in the dark about where the campaign’s funds are actually going,” said Trevor Potter, a former Republican FEC chair and the president of the Campaign Legal Center.
CNBC reported at the time that the complaint was unlikely to result in penalties, as the FEC currently has only three commissioners. Four commissioners are required for a vote to take action.