Trump's Inauguration Money Is Still Missing: Report
Source: Newsweek Magazine
TRUMP'S INAUGURATION MONEY IS STILL MISSING ONE YEAR AFTER HIS ADMINISTRATION TOOK CONTROL OF THE WHITE HOUSE
BY LINLEY SANDERS ON 1/18/18 AT 8:15 AM
Almost one year after President Donald Trump took the oath of office, millions of dollars from his leftover inauguration funds have still not been donated to the charities they were promised to.
Trump's inauguration committee raised a record-breaking $107 million as his administration prepared to assume the White House last year, but very little has been disclosed about where the remaining money was allocated. Nearing the one-year anniversary of Trump's inauguration, a government watchdog group is questioning why the funds disappeared, and a congressman is proposing legislation to keep future administrations from obscuring their own inaugural donations.
The organizing committee led by billionaire investor Thomas Barrack doubled the funds raised by any previous U.S. president during Trump's transition period. The money raised eyebrows among political operatives because there was nothing about the celebration that indicated it would exceed a more traditional price tag, according to the liberal-leaning consumer rights advocacy group, Public Citizen.
For the group's government affairs lobbyist, Craig Holman, this has raised one key question that remains unanswered on the cusp of Trump's inaugural anniversary: where did the extra money go? "It really raises a lot of suspicions that these funds were mismanaged and probably no longer even exist," Holman told Newsweek Wednesday. "I strongly suspect that the funds have just been wasted away. I mean, there was no reason in the world the Trump Inaugural Committee needed to raise $107 million."
Read more: http://www.newsweek.com/trump-inauguration-money-still-missing-783934
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