Ivanka Trump’s mortgage, donations from MAGA Inc.

Today, we dig into Ivanka Trump’s mortgage, examine a Trump-allied super PAC that continues to spend on behalf of Trump clients, and check out anti-abortion groups working to elect Herschel Walker.


Ivanka Trump bragged that her dad “wouldn’t just give me an apartment.” New documents suggest he basically did just that

“IVanka Trump has long presented herself as a self-made woman, at least as much as a billionaire’s daughter can be,” reports Dan Alexander:

“It’s a pride to be in control of my life,” she wrote in her 2009 book, The trump card. “I own a two-bedroom apartment in a Trump building, but nobody gave it to me.” In fact, her dad seems to have pretty much done just that. For years, Donald Trump’s personal balance sheets, which were recently released as part of a fraud lawsuit against him, included ‘claims’, one of which was ‘Ivanka (T Park Ave)’. This particular claim was listed at $1.5 million, the exact price of the two-bedroom unit at Trump Park Avenue that Ivanka boasted she owned.

In other words, while Ivanka might try to claim that her dad technically didn’t give her an apartment, he seems to have loaned her 100% of the money she needed to buy it. In her book, Ivanka acknowledged that she received paternal help. “I’m paying a mortgage on my apartment,” she wrote. “Granted, I pay my mortgage directly to my dad and not to a bank, but it’s still a mortgage, and I’ve never missed a payment.”

Her loan, however, does not appear to have been a “mortgage all the same”, as she put it.. In 2021, 17 years after Ivanka bought the apartment, her father’s financial documents still showed a $1.5 million debt described as “Ivanka (T Park Ave)”, suggesting that her mortgage came with it. an unusually long period during which it did not have to repay any principal.


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In case you missed it


The Trump-linked Super PAC is spending millions on these key Senate races

“A The new super PAC linked to former President Donald Trump has invested millions to support Republicans in five key Senate races next month, targeting Pennsylvania Senate candidate John Fetterman (D) with President Joe Biden in his latest advertising campaign,” reports Sara Dorn:

MAGA Inc. — which is run by Trump spokesman Taylor Budowich — has spent $11.7 million on advertising in five Senate races since Oct. 6, ad tracking firm AdImpact reported Wednesday

MAGA Inc.’s biggest investment to date ($2.89 million) is in Arizona, where Trump-endorsed Republican Blake Masters is making a comeback against Sen. Mark Kelly (D), whose lead on Masters went from around 6.7 to 3.6 points. over the past two weeks, according to the average of FiveThirtyEight polls.

Trump’s PAC has also spent more than $1.8 million each on Senate races in Nevada (where Democratic Sen. Catherine Cortez Masto faces Republican Adam Laxalt) and Georgia (where Democratic Sen. Raphael Warnock is running against Republican Herschel Walker).

This week’s ad buying is the second time in the past two weeks that Trump ally MAGA Inc. has spent millions on behalf of candidates funneling political money to Trump properties. . Masters, Laxalt and Walker teamed up to transfer $290,000 to Trump’s businesses, like Forbes reported last week. In an email, Budowich said questions about any relationship between ads and spending at Trump properties were “absurd and utterly sophomoric.”


Continuous irresolution

Updates on previous Checks & Imbalances reports

Women take the floor PAC spent an extra $74,000 on shippers opposed to Sen. Raphael Warnock (D-Ga.) Wednesday. Anti-abortion CAP have now spent at least $868,000 supporting Herschel Walker since it was first reported that he had paid and encouraged his girlfriend to have an abortion. Walker denies the allegations.


Intriguing expenses

Campaign of Rep. Jody Hice (R-Ga.) paid the Gober group $45,000 in legal fees August 1st. The Austin, Texas-based law firm represented Hice in its unsuccessful attempt to rescind a subpoena from the Fulton County District Attorney in July. The prosecutor’s office is investigating attempts to cancel the 2020 presidential election.

The Federal Election Commission allows candidates to use campaign funds to cover legal fees as long as the expenses are related to their official position. A spokesperson for the Hice campaign did not immediately respond to an inquiry.

*****

Rep. Dan’s campaign Crenshaw (R-Texas) donated $1,700 to an unspecified GoFundMe September 6. A campaign spokesperson did not immediately respond to an inquiry.

*****

On September 1, Rep. Alex Mooney’s (RW.V.) campaign spent $540 to event tickets to the Trans-Allegheny Lunatic Asylum, according to FEC records. The 160-year-old former mental hospital now offers historical and paranormal tours. The visit was part of a meeting of staff from Mooney’s office, according to a campaign spokesperson.


Whoops

In September, the FEC made the rare gesture of fine the treasurer of a PAC on a personal basisrather than in its official.

Robert Lucero of Culver City, Calif., the former treasurer of UtePAC, agreed to pay $3,500 after an FEC investigation determined he understated receipts and failed to properly document receipts. contributions and expenses. Between January 2019 and February 2020, for example, UtePAC disbursed $318,000, but only disclosed spending $11,000, according to the investigation.

The FEC reduced its fine by $33,000 after Lucero pleaded financial hardship. UtePAC’s mission is to support the defense of the sovereignty of the Ute Indian Tribe.


Asset Tracking

Forbes continues to update “Tracking Trump: A Rundown Of All The Lawsuits And Investigations Involving The Former President”.

America First Policy Institute, a black money non-profit organization allied with Donald Trumporganizes a gala at Mar-a-Lago on November 18th. Donations to AFPI made in hopes of winning an invite are tax deductible, depending on contest entry.

The campaign for Rep. Troy Nehls (R-Texas) spent $345 over dining at Trump’s golf club in Virginia on Aug. 11, according to an FEC report filed earlier this month. Trump endorsed Nehls in February.

*****

This weekend, Trump’s resort town of Miami hosts the Tag Team Championship of the LIV Golf Tour supported by Saudi Arabia.

  • “Trump’s fundraising operation sent an email signed this morning by Blake Masters, the Republican candidate for the Senate from Arizona. But the default breakdown is… absolutely brutal, with 99% of it going to Trump and 1% to Masters.(Twitter/Zach Montellaro of Politico)
  • “Jared Kushner seen front row at the Saudi Investment Forum which just kicked off in Riyadh this morning” (Twitter/Freelance journalist Ahmed Al Omran)
  • “Trump is also working on a book – on a subject that has yet to be announced – to be published by Winning Team Publishing, run by his son Donald Trump Jr. and a top lieutenant, Sergio Gor.” (Policy)

Editor’s Choice

  • “That cardboard box in your house is fueling election denial” (ProPublica)
  • “Amazon puts January 6 in the rearview mirror: ‘It’s been over 21 months'” (Information Populaire)
  • “How Mike Lindell’s pillow business is propelling the election denial movement” (The New York Times)
  • “Liz Cheney Launches TV Ad Targeting Arizona Election Deniers” (NBC News)
  • “Russia continues to fund the media in the United States” (Politico)
  • “Senator Robert Menendez is under investigation again” (Semafor)
  • “Members of Congress pocketed tens of thousands of lobbyists linked to China’s Huawei” (The Washington Examiner)
  • “Ron DeSantis’ former law firm received millions in public funds” (The Daily Beast)
  • “Federal lobbying topped $3 billion in third quarter for first-ever time” (OpenSecrets)
  • “Two former directors of public works sentenced for accepting bribes” (Ministry of Justice)
  • “Amazon quietly donated $400,000 to a conservative nonprofit that opposed new antitrust laws” (CNBC)
  • “Democrats raise questions about Mnuchin’s Persian Gulf deals” (The New York Times)
  • “The Election Machine, Powered by Facebook, Get-Out-the-Vote” (Wired)

In conclusion

“The most beautiful house in the world has a mortgage

What do I care about?”

– Frank Sinatra, “The most beautiful girl in the world”

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