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    Billionaire Makes Massive Political Contribution To Trump

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    admin
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    Image via Pixabay free images

    One of the largest single disclosed gifts ever…

    A reclusive billionaire from a storied American family with a legacy dating back to the Gilded Age has made one of the largest political contributions in the history of American politics.

    Timothy Mellon, heir to the Mellon banking fortune, made a $50 million contribution to the pro-Trump super PAC, Make America Great Again Inc.

    At the end of April, the organization had only $34.5 million.

    In a memo following Mellon’s donation, the PAC announced it had reserved $100 million in advertising through Labor Day.

    The New York Times continues:

    Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.

    Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

    Democrats have sought to portray Mr. Kennedy as a spoiler supported by Republicans, in part by emphasizing Mr. Mellon’s dual contributions and seemingly split loyalties. The pro-Kennedy super PAC has distributed quotations from the hard-to-reach Mr. Mellon, and for a blurb that appears on the cover of Mr. Mellon’s upcoming book, Mr. Kennedy called the billionaire a “maverick entrepreneur.”

    It is not clear what Mr. Mellon’s mega-donation means for his support of Mr. Kennedy going forward. He has so far toggled between giving to support both candidates. His most recent donation to Mr. Kennedy’s super PAC was a $5 million contribution in April.

    But Mr. Mellon’s $50 million gift will significantly help pro-Trump forces narrow the financial advantage that President Biden and his allies have enjoyed so far. Miriam Adelson, the casino billionaire and widow of Sheldon G. Adelson, who died in 2021, has also made plans to fund a pro-Trump super PAC with at least as much money as the $90 million that her family gave in the 2020 campaign, although much of the cash has yet to arrive.

    Mellon’s contributions follow Donald Trump‘s conviction in a hush money trial.

    Critics argue that the case is politically motivated and based on an overly broad interpretation of campaign finance laws. They add that such payments are common among public figures seeking to avoid public scrutiny.

    The Mellon family‘s wealth started when an Irish immigrant named Thomas Mellon founded T. Mellon & Sons’ Bank in Pittsburgh in 1869. His sons, Andrew W. Mellon and Richard B. Mellon, later grew the bank into a strong financial institution. This bank eventually became Mellon Financial Corporation, one of the largest banking institutions in the United States.

    During the late 19th and early 20th centuries, Andrew Mellon played a crucial role in financing and supporting key industries such as aluminum, oil, and steel, contributing to the growth of major corporations, such as Gulf Oil, and Union Steel. As secretary of the Treasury from 1921 to 1932, his influence shaped the economic policies of the 1920s, known as the Mellon Plan, which contributed to the economic boom of the decade.

    National Photo Company Collection, Public domain, via Wikimedia Commons

    In 2007, Mellon Financial Corporation merged with The Bank of New York to form BNY Mellon, one of the world’s largest asset management and securities services companies, preserving their 150-year legacy in banking and finance.

    Article Published With The Permission of American Liberty News

    Trump Scores Support From Another Billionaire

    By
    Madeleine Jackson
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    Donald Trump via Gage Skidmore Flickr

    Trump is scoring big…

    Ark Invest CEO Cathie Wood said she would vote for former President Trump over President Biden in the November presidential election.

    Wood took part in an interview with ‘Meet Kevin’ financial analyst and YouTuber Kevin Paffrath, during which she was asked the popular question, “Trump or Biden?”

    Wood told the host she has three children with whom she has discussed the upcoming election and its consequences.

    “As I’ve said to them, ‘Look, I am going to vote for the person who’s going to do the best job for our economy,’” Wood told Paffrath. “I am a voter when it comes to economics, and on that basis, Trump.”

    She further explained that Laffer Associates founder and chairman Art Laffer “describes the first three years of the Trump presidency as the best in U.S. economic history, not the last one because of COVID, and I would agree.”

    Watch:

    The informal endorsement comes on the heels of several billionaires sending money and support toward Trump’s presidential campaign. (RELATED: Billionaire Makes Massive Political Contribution To Trump)

    Timothy Mellon, heir to the Mellon banking fortune, made a $50 million contribution to the pro-Trump super PAC, Make America Great Again Inc.

    In a memo following Mellon’s donation, the PAC announced it had reserved $100 million in advertising through Labor Day.

    The New York Times continues:

    Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.

    Billionaire Stephen Schwarzman, the CEO and co-founder of Blackstone, announced last month he will back Trump in the 2024 race after he previously called for the Republican Party to turn to a “new generation of leaders.”

    Report: Trump Set To Become One Of World’s Most Wealthy People

    By
    Madeleine Jackson
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    Former President Donald Trump will become one of the 500 richest people in the world after his media company begins public trading on Tuesday, according to a report by Bloomberg News.

    The Daily Caller has more:

    Trump, the presumptive Republican presidential nominee, established the Trump Media & Technology Group (TMTG) in February of 2021 to develop an alternative social media website, following his removal from Twitter after the events of Jan. 6, 2021, with the new website “Truth Social” being unveiled in 2022. On Monday, TMTG completed a merging process with DWAC, a special-purpose acquisition corporation, that would allow the company to be publicly traded on the National Association of Securities Dealers Automated Quotations stock exchange, also known as the “Nasdaq” exchange, with Trump’s 58% stake in the company being valued at $3.9 billion, according to Bloomberg News. 

    The share price of DWAC increased by 35.22% to close at $49.95 on Monday when the closing of the deal was announced, with the new company retaining the TMTG name and changing its stock ticker to Trump’s initials, “DJT.” The process will increase Trump’s net worth to $6.4 billion, according to Bloomberg.

    Trump’s net worth, which until recently has primarily comprised real property of The Trump Organization, has been subject to varying estimates. The Australian Financial Review estimated his net worth to be $9.8 billion following the TMTG acquisition process, while Forbes maintains his net worth at $2.6 billion as of Monday — making him the 1,265th richest person in the world — with its highest-ever estimate for his net worth being $4.5 billion in 2016.

    Truth Social has reported many losses since its creation, with Trump being the primary user of the platform with the largest number of followers. He often announces major legal and campaign decisions on the platform, similar to his use of Twitter during his presidency.

    Trump will not be able to sell his stake in TMTG for at least six months following the commencement of trading

    Andrew Cuomo to Launch New Podcast with First Guest Anthony Scaramucci

    By
    Madeleine Jackson
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    Photos from the opening of the new Delta Air Lines terminal in LaGuardia Airport in Queens, NY, on Tuesday, Oct. 29, 2019. (Chris Rank for Rank Studios) (Photos from the opening of the new Delta Air Lines terminal in LaGuardia Airport in Queens, NY, o

    Look at how far Andrew Cuomo has sunk.

    After resigning as New York Governor due to allegations of sexual misconduct Cuomo announced he plans to start a new business venture. Cuomo’s newest foray into the public sphere comes in the shape of a podcast and one of his first guests is scheduled to be President Donald Trump’s former communications director Anthony Scaramucci.

    Scaramucci, who briefly served the Trump administration in 2017, has emerged as a critic of Trump and expressed his support for Biden in the 2020 election.

    According to The Hill:

    Cuomo will this week debut a new hourlong show he is calling “As a Matter of Fact” on podcast streaming service Quake, he told Axios, and the show will aim to “hear from people — their questions, their issues — and have that dialogue.”

    The former governor told Axios this week he has “learned from the entire situation.”

    “There’s a fundamental problem with the entire system here,” Cuomo told the outlet of the media ecosystem writ large. “We have such division of people and we have such dysfunction of government, and part of it is this hyper-partisan, extreme dialogue that goes on.”

    “There is a new sensitivity that I didn’t fully appreciate that some people have, and some people have a new sense of cultural boundaries that I didn’t appreciate enough,” Cuomo said.

    It seems the disgraced governor is following in his brother’s footsteps. Chris Cuomo, who was a leading anchor at CNN during the Cuomo sex scandal, also started a new podcast after being fired from the network.

    Trump Returns To Twitter – Now X

    By
    Madeleine Jackson
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    Photo via Pixabay images

    Former President Donald Trump’s official X account is back…for now.

    The first ad, posted at 2:54 am, included a voiceover from Ronald Reagan and was captioned, “Are you better off now than you were when I was president? Our economy is shattered. Our border has been erased. We’re a nation in decline. Make the American Dream AFFORDABLE again. Make America SAFE again. Make America GREAT Again!”

    Another ad was published at 3:00 am and read, “They want to silence me because I will never let them silence you. They’re not coming after me, they’re coming after you. I just happen to be standing in their way and I’m never moving. We will Make America Great Again!”

    Musk and Trump will talk live on X at 8 pm ET and Musk has already addressed the technical issues that have plagued past events – including the glitchy of Florida Gov. Ron DeSantis’s (R) presidential campaign last spring.

    “Am going to do some system scaling tests tonight & tomorrow in advance of the conversation,” Musk wrote on X ahead of the event.

    Trump had been banned from Twitter, which Musk bought for a staggering $44 billion and renamed X, after the January 6th attack on the U.S. Capitol.

    Trump has only posted once since Musk restored his Twitter account, @realDonaldTrump, as the former president reserves his social media usage for Truth Social, which he owns. In August of 2023, Trump post his Fulton Country jail mugshot with a link soliciting donations.

    Trump Files To Overturn Latest Conviction After SCOTUS Ruling

    By
    Madeleine Jackson
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    Gavel via Wikimedia Commons Image

    On Monday, former President Donald Trump moved to overturn his criminal conviction in the Manhattan hush-money case after the Supreme Court ruled presidents have immunity for “official acts” committed while in office.

    Manhattan District Attorney Alvin Bragg charged the former president in May with 34 counts of falsifying business records in the first degree. Trump pleaded not guilty to all counts in the Manhattan case.  

    Lawyers for Trump had filed a motion to dismiss the verdict hours after the Supreme Court’s ruling. 

    Duncan Lock, Dflock, CC BY-SA 3.0 via Wikimedia Commons

    The motion came on the same day that the district attorney’s office sent sentencing recommendations to Judge Juan M. Merchan – who presided over the Manhattan trial – though it remains unclear whether that will be seen by the public, per reporting from The New York Times.  
    Judge Merchan has received a letter from Trump’s lawyers, a person familiar with the matter confirmed to Fox News Digital. 

    The letter asks for permission to file a motion to vacate the jury’s Manhattan verdict, asks for a delay of the July 11 sentencing, and cites the high court’s decision in arguing that evidence was included at trial that should not have been admitted. 

    To file a motion in New York, defendants must first request permission from the judge in the case. 

    On Tuesday, Manhattan prosecutors agreed with Donald J. Trump’s request to postpone his criminal sentencing so that the judge overseeing the case could weigh whether a recent U.S. Supreme Court ruling might impact his conviction, according to The New York Times.

    On Monday, the Supreme Court ruled 6-3 that a former president has absolute immunity for his core constitutional powers.

    Former presidents are also entitled to at least a presumption of immunity for their official acts. There is no immunity, the court holds, for unofficial acts.

    The Supreme Court returned the case to the trial court to determine what is left of special counsel Jack Smith’s indictment against the former President.

    I AM DONALD TRUMP, AND I’M BEING SENTENCED ON JULY 11TH! IF YOU REMEMBER ONE THING, REMEMBER THIS: I’M THE ONLY THING STANDING IN THE WAY OF THE COMPLETE AND TOTAL DESTRUCTION OF AMERICA BY THE BIDEN REGIME. WILL YOU PLEASE DONATE ONE MORE TIME BEFORE DOOMSDAY?

    New Accusations Released About Member of Trump’s Family and Inner Circle

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    admin
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    [Photo Cred: Office of the President of the United States, Public domain, via Wikimedia Commons]

    Former Trump adviser Peter Navarro recently made some potentially damaging accusations about Jared Kushner, former President Trump’s son-in-law and longtime White House adviser.

    As reported by Mediaite, Navarro recently bashed Kushner about his portrayal of several dramatic actions he allegedly took while working at the White House.

    “Appearing on Newsmax, Navarro addressed Kushner’s claim in his recently-published book that he was treated for thyroid cancer while serving in the White House.

    Host Chris Salcedo flagged the excerpt from the book and stated Kushner “withheld a cancer diagnosis during tense negotiations with communist China.

    Navarro addressed Kushner’s book.

    “It’s fiction,” he continued. “And the thyroid thing, that came out of nowhere. I saw the guy every day. There’s no sign that he was in any pain or danger or whatever. I think it’s just sympathy to try to sell his book now.”

    Salcedo asked if Kushner is “worthy” of Trump’s trust.

    “No,” Navarro replied. “Time after time, whether it’s mismanagement of the campaign, mismanagement of the pandemic, taking too much credit for NAFTA, taking too much credit for the Abraham Accords. I mean, the guy was just a one-man wrecking crew, 36 years old I think when he got in there with no training. His only qualification was that he was the boss’s son-in-law.”

    Notably, Navarro is dealing with a few of his own issues at the moment. A few days ago he was sued by President Biden’s Justice Department for refusing to hand over emails from his personal accounts which were used to conduct official White House business. Earlier this summer, he was criminally charged for ignoring a subpoena from the Jan. 6 Committee.

    Trump’s Truth Social Merger Deal Hits A Pause

    By
    Madeleine Jackson
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    Photo via Gage Skidmore Flickr

    It’s a bad time to be Trump…

    New reports indicate the potential merger deal with the former President’s Truth Social platform is dead in the water.

    The Daily Beast reports:

    The public shell corporation that has been preparing to merge with former President Donald Trump’s technology firm—the parent company of his social media platform, Truth Social—announced Thursday that it was dropping its plans to pursue the merger through a specialized process called a ​​private investment in public equity (PIPE) transaction. The company also said it planned to return $533 million it had raised from investors to complete the deal. The merger between Digital World Acquisition Corp. (DWAC), a special purpose acquisition company, and Trump Media & Technology Group failed to materialize by a September 2022 deadline set by U.S. regulators, giving DWAC the option to back out of the deal. A TMTG spokesperson claimed in a release Thursday that the two companies still planned to merge and said the development was, in fact, a positive step—but declined to comment when pressed by Reuters to say how backing out of the PIPE deal would benefit either party.

    This is a breaking news story. Click refresh for the latest updates.

    Elon Musk Accuses Trump Ally Of ‘Leaking’ Info To The Media

    By
    Madeleine Jackson
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    UK Government, CC BY 2.0 , via Wikimedia Commons

    Tensions are running high within Trump’s inner circle…

    Billionaire Elon Musk clashed publicly with Boris Epshteyn, one of Trump’s closest allies in what sources called a “massive blowout” over key Cabinet appointments.

    According to three sources cited by Axios, the dispute reached a boiling point during a dinner at Trump’s Mar-a-Lago club last week during which Musk accused Epshteyn of leaking sensitive details about the transition process, including potential personnel picks.

    “You don’t know what you’re talking about,” Epshteyn reportedly fired back during the heated exchange.

    The altercation highlights a power struggle as Musk, a newcomer to Trump’s inner circle, increasingly advocates for his preferred candidates. Musk has reportedly criticized Epshteyn’s influence in selecting Justice Department nominees, including Matt Gaetz for attorney general.

    Musk is lobbying for Howard Lutnick, co-chair of Trump’s transition team, as Treasury secretary, over Wall Street veteran Scott Bessent.

    Despite the friction, Musk maintains considerable support among Trump’s family and allies. 

    However, the tech billionaire’s growing role in the transition has rankled longtime Trump loyalists, who view him as overstepping boundaries. 

    Musk has been among the president-elect’s most vocal and influential supporters since he endorsed Trump immediately after a July assassination attempt at a Pennsylvania rally but some in Trump’s inner circle say the Tesla CEO is being to overstay his welcome.

    “Elon won’t go home. I can’t get rid of him. Until I don’t like him,” Trump quipped, according to a source in the room when Trump met with Republican lawmakers on Capitol Hill last Wednesday.

    some Republicans have questioned how long Trump and Musk can happily co-exist, particularly given Trump’s past frustration with those who take up too much of the spotlight.

    “Trump is not going to have another alpha. I think Trump is going to tire of him,” one source close to the transition told The Hill.

    One Republican lobbyist with ties to Trump said there are some in the president-elect’s orbit who think Musk is “a little big for his britches.”

    Trump transition team spokesperson Karoline Leavitt did not respond to requests for comment from The Hill, but in a statement on Wednesday to NBC News described Musk and Trump as “great friends and brilliant leaders working together to Make America Great Again.”

    “Elon Musk is a once in a generation business leader and our federal bureaucracy will certainly benefit from his ideas and efficiency,” Leavitt said.

    MyPillow CEO Mike Lindell Sued For $800,000

    By
    Madeleine Jackson
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    1
    Mike Lindell via Gage Skidmore Flickr

    Ouch…

    Shipping and logistics company DHL sued Mike Lindell’s MyPillow this week over an alleged shipping debt of nearly $800,000.

    In the lawsuit filed in Minneapolis on Monday, DHL alleged Lindell’s company violated a previous lawsuit settlement from May 2023 which required MyPillow to pay off its $775,000 debt to DHL in 24 monthly installments.

    According to the lawsuit, MyPillow only partially paid off the required installments, paying DHL $64,583.34, with the last installment in June.

    DHL reportedly threatened to sue MyPillow in July and, after several months of no success, finally filed its lawsuit in court this week.

    DHL is now seeking $799,925.59 from MyPillow, along with attorney fees and an 18% annual interest.

    Gavel via Wikimedia Commons Image

    Lindell who has been a vocal and active supporter of former President Donald Trump has been embroiled in a number of lawsuits over the past few years, including defamation lawsuits from Dominion Voting Systems and Smartmatic over his allegations that the 2020 election was rigged.

    In February, Lindell was ordered to pay $5 million to a man after he lost his own “Prove Mike Wrong” challenge.

    In March, MyPillow was evicted from a warehouse in Minnesota for allegedly being $200,000 behind on rent.

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