Trump under 'enormous financial strain' as new report reveals legal fees are 'staggering'
Former President Donald Trump’s super PACs blew through $50 million in legal fees as four criminal indictments crashed down on him last year, according to a new report.
“It is a staggering sum,” wrote New York Times reporters Maggie Haberman and Shane Goldmacher Tuesday. “Nikki Haley raised roughly the same amount of money across all her committees in the last year.”
Haberman and Goldmacher, relying on two sources and Federal Election Commission filings, say Trump will face an “enormous financial strain” as he heads into an election year rife with court appearances.
The cash moved through several PACs: Make America Great, Save America and MAGA Inc. among them, according to the report.
A spokesperson for one of the PACs, Alex Pfeiffer, waved away the reported sum and told the Times his group raised about $120 million.
“This is old, recycled news” Pfeiffer reportedly said. “Every dollar being raised by MAGA Inc. is going directly to defeating Joe Biden in November.”
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Adding to Trump’s criminal court cases — two linked to election interference charges, one to classified documents stored at Mar-a-Lago and a fourth to alleged hush money paid to an adult film star — is what the Times describes as a “financial tsunami from civil litigation.”
Last week, a New York jury ordered Trump to pay E. Jean Carroll $83.3 million in her defamation case.
Judge Arthur Engoron’s decision on New York Attorney General Letitia James’ $370 million fraud lawsuit is expected to arrive this week.