Tuesday, February 15, 2022

Until they pay conseqences, they'll keep doing it

In the year since Mr. Trump has left the White House, he has undertaken a wide-ranging set of moneymaking ventures, trading repeatedly on his political fame and fan base in pursuit of profit.

[...]

In early December, Donald J. Trump put on a tuxedo and boarded the private jet of a scrap-metal magnate and crypto-miner for a short flight across Florida, touching down at an airport in Naples. There, a long red carpet marked the pathway into a Christmas-decorated hangar filled with supporters of Mr. Trump who had paid $10,000 to $30,000 for the privilege of attending a party and taking a photo with him.

[...]

But the money raised did not go to Mr. Trump’s political operation. Instead, Mr. Trump’s share of the evening’s proceeds went straight into his pocket, according to a person familiar with the arrangement.

Multiple attendees said they bought their tickets from a private company, Whip Fundraising, whose founder, Brad Keltner, has asserted that “the lion’s share” went to charity. But the website advertising the event listed no charitable cause. And Mr. Keltner, reached by phone, declined to discuss how money was distributed.

[...]

He has turned an online Trump store into a MAGA merchandiser, with his company sending marketing missives to people on his 2020 campaign’s email list.

That store is now selling red “Make America Great Again” hats for $50 each — a $20 markup from the price currently offered by his political action committee — with all proceeds going to a Trump-owned company.

His wife, Melania, has gotten into the act, too, auctioning off online collectibles and scheduling her own big-ticket event in Naples this April, a “tulips and topiaries high tea,” with V.I.P. packages reaching $50,000 and an undisclosed portion going to charity.

[...]

There are grandiose enterprises, such as a fledgling social-media company, whose billion-dollar market capitalization is largely predicated on Mr. Trump’s direct personal involvement. And there are smaller ones, like remodeling the lobby bar of Trump Tower in Manhattan and renaming it the 45 Wine and Whiskey Bar — where specialty cocktails range in price up to, yes, $45 (that one comes with two “American beef sliders”) and can be sipped in dark velvet chairs surrounded by Mr. Trump’s black-and-white presidential portraits and paraphernalia.

“You come here, you drink Trump,” said Daniel Popescu, a 79-year-old architect and a bar regular, whose typical order is a $20 glass of Trump Blanc de Blanc sparkling wine. He hailed Mr. Trump on a recent evening as “the best president this country has ever had.”

“For a billionaire to give up his life to do good for the country,” Mr. Popescu said, with a shake of his head and a sip, “it’s unbelievable.”

  NYT
Indeed, it never happened.

No doubt this is why he took whatever was in those 15 boxes of presidential materials recovered by the National Archives - to make money.
Trump Media & Technology Group, which is behind the new social media company, has raised more than $1 billion. Bankers for the company dangled an unusual perk: Invest at least $100 million, get a phone call from the former president. Later, the price of such a call came down to $50 million.
Hahahahahaha.
Mrs. Trump, too, has found ways to monetize her ties to Mr. Trump, including through a series of online sales. In January, she put up for auction a digital portrait of her by a French artist, a print of the portrait and a white hat she once wore at the White House while meeting the president of France.

Her plan to maximize the sales price by accepting payments only in cryptocurrency appears to have backfired, however: The crash in cryptocurrency prices in January reduced the planned opening-bid price of $250,000 to about $170,000 on the final day of the auction.

The auction drew just seven bids, according to electronic records, which also suggest that the winning bid was made by the auction’s sponsors.

[...]

Mrs. Trump is now selling tickets to the April “high tea,” with organizers saying that some of the profits will benefit an initiative of her “Be Best” endeavor called “Fostering the Future,” meant to provide computer-science scholarships to young people who have been in foster care.

There was no indication of how much of the proceeds Mrs. Trump herself intended to pocket. Florida requires any organization that raises charitable contributions in the state to register. No charity with the name “Fostering the Future” or “Be Best” is registered in Florida.

[...]

“Consumer Services Division is currently investigating whether this event involves an entity operating in violation of Chapter 496, Florida Statutes,” Erin M. Moffet, an agency spokeswoman, said in a statement.

[...]

Mrs. Trump, after declining to address questions from The Times about the status of the charity, sent a Tweet after publication of this article, asserting that “everything has been done lawfully, & all documents are in the works.”
In the works.

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