Achi news desk-
Former US president Donald Trump beat rival Joe Biden in a surprise fundraiser at billionaire John Paulson’s $110 million Palm Beach mansion on Saturday, but his strategy was said to be draining his efforts in the long run.
Donald Trump – who has been indicted four times and is facing 91 criminal charges – recently faced a financial crunch as he was ordered by a New York judge to post a whopping $464 million bond which was later reduced to $175 million.
Trump’s campaign filing also revealed that over $50 million has been spent on his legal troubles since the beginning of last year. His team also raised over $65.6 million in March, with over $91.3 million cash on hand.
By contrast, Joe Biden collected $90 million last month and $192 million in cash on hand.
An official close to the 81-year-old Biden fundraiser said Axios that Trump “getting everyone to max out in April is not a sustainable way to finance a campaign”.
“It’s a recipe for getting cut in the months that will matter,” the outlet reported.
The Democrat also said that under Trump’s joint fundraising agreement outlined at the Palm Beach invitational, a swath of the event’s proceeds will go to Trump’s political Action Committee — which will be used to pay his legal bills.
According to the report, the agreement prioritizes the PAC over the Republican National Committee (RNC).
