Former President Donald Trump's team is launching a legal defense fund called the Patriot Legal Defense Fund Inc. to assist with the increasing legal bills resulting from mounting investigations. The fund aims to support Trump's allies, advisors, and others facing legal challenges. Notably, the fund is not meant to cover Trump's legal expenses. The move comes as a PAC supporting Trump, Save America PAC, reportedly spent over $40 million on legal costs in the first half of 2023. The legal troubles facing Trump include a superseding indictment of handling classified documents after leaving office and a 34-count indictment in New York related to hush money paid to Stormy Daniels before the 2016 election. Trump has denied all charges and claimed political persecution, while his legal defense fund seeks to protect his associates from financial ruin due to mounting legal fees.
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00:00 It's Benzinga and here's what's on the block.
00:02 Former President Donald Trump's team is launching a legal defense fund called the Patriot Legal
00:06 Defense Fund, Inc. to assist with the increasing legal bills resulting from mounting investigations.
00:12 The fund aims to provide financial support for Trump's allies, advisors, and others
00:16 facing legal challenges.
00:18 Notably, the fund is not meant to cover Trump's personal legal expenses.
00:22 The move comes as a PAC supporting Trump, Save America PAC, reportedly spent over $40
00:28 million on legal costs in the first half of 2023.
00:32 The legal troubles facing Trump include a super-spending indictment related to handling
00:36 classified documents after leaving office and a 34-count indictment in New York related
00:40 to hush money paid to Stormy Daniels before the 2016 election.
00:44 Trump has denied all charges and claimed political persecution.
00:47 While his legal defense fund seeks to protect his associates from financial rain due to
00:52 mounting legal fees.
00:53 For all things money, visit Benzinga.com.
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