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The Daily Beast’s Roger Sollenberger did some excellent digging into the Trump campaign’s FEC filings and came up with evidence of “creative accounting” that's reminiscent of the scheme that just cost The Donald $454 million for defrauding insurers and banks in New York.
In this case, the maneuvers seem designed to inflate the totals of his donations. As Sollenberger put it, “Trump’s campaign is miraculously not reporting donor refunds—an untested trick that makes it harder to tell how tired his donors really are.” The maneuver, Sollenberger wrote, “rais[es] the prospect of the former president’s campaign once again stretching the bounds of campaign finance law to inflate his war chest—and the public’s impressions of his political strength.”
I won’t begin to wade into the weeds of reporting donor refunds and Trump’s failure to do so. But Sollenberger gives a nice summary: