Trump is turning the presidency into a giant bribe delivery system.

After Trump’s 2024 victory, you may remember media giants like ABC, Meta, and X entered into settlements for legal cases that he’d brought against them—which experts at the time had dismissed as dubious.

After the companies agreed to these shakedowns—sorry, settlements—they donated at least $63 million to Trump’s library project. Last September, the fund created to receive those donations was dissolved. 

Now that money seems to be missing.

Senate Democrats have been digging into what happened with the money, and the companies’ responses (obtained by The New Republic) raise more questions than they answer. 

"Not one of these companies can say with any clarity where their multimillion-dollar donations to Donald Trump’s library slush fund are, or where they will go," Senator Elizabeth Warren told TNR’s Greg Sargent.

This story is one of many that we’ve reported tracking the vast tide of corruption lurking behind the chaos of Trump’s presidency.

But we can’t do this work without you. Subscribe today, and join us in the fight for a more transparent democracy.

It’s classic Trump to use frivolous lawsuits to extort private entities, then funnel the cash into a project that smells like a massive slush fund. As Senator Elizabeth Warren put it, "Tens of millions of dollars are unaccounted for, and the American people are left completely in the dark."

We need to keep shining a light on this. Join us.

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Sincerely, 

Michael Tomasky, editor

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