According to an inquisitive report released on Saturday by the New York Times based on a review of Federal Election Commission records, former President Donald Trump’s reelection movement distributed a massive $122.7 million in refunds to donors in 2020, paying back almost 11% of the money is earned.
According to the study, donors’ credit cards will be credited weekly before Election Day unless they examine the fine print of an online alert and manually unmark a bailout checkbox.
The campaign “made the disclaimer increasingly transparent” in the run-up to the election, according to the Times, and ultimately introduced a second pre-checked box that immediately made a donor’s donation double. Financial firms were eventually “swamped with fraud allegations” from Trump followers who had unwittingly committed to the repeated charges.
According to the New York Times, many banks and one of the country’s largest credit-card firms reported that these events contributed to up to 3% of all scam reports received in late 2020. Forbes contacted Trump’s associates for a response but did not receive a response right away.
According to internal data obtained by the Times, 0.87 percent of Winsted payments were due to “official” credit card conflicts, disproving the claims of widespread fraud. Trump collected $255.4 million in campaign donations from his backers in the eight weeks after the 2020 election, according to Federal Election Commission reports published in January by WinRed.
From November to the day of the Electoral College vote on Dec. 14, Trump and the Republican National Committee earned more than $2 million a day on WinRed. Trump’s cash demands were heavily dependent on email requests. In the first 30 days after the election, the former president’s team sent out more than 400 emails and 130 text messages calling for donations, according to CNN.
According to a Times review of FEC reports, the Biden movement had a 2.2 percent refund rate on contributions in 2020.
Russell Blatt told the New York Times that it felt like a con after his family discovered $3,000 had been taken from his brother’s savings, Stacy, who was fighting cancer and surviving on less than $1,000 each month.