Former President Donald Trump's reelection campaign issued a staggering sum of $122.7 million in refunds to supporters in 2020, giving back nearly 11% of the money it raised, according to an investigative report published by the New York Times on Saturday based on an analysis of Federal Election Commission filings.
KEY FACTS:
Beginning last summer, the Trump campaign & the company that processed its online donations, WinRed, began to initiate the use of pre-checked recurring payment boxes while processing online offerings, Times analysis revealed.
According to the report, unless donors inspected the fine print of an online disclaimer & manually unchecked an opt-out box, the donor's credit card would be charged weekly until Election Day arrived.
In the lead-up to the election, the campaign "made that disclaimer increasingly opaque," the Times asserts & eventually added a second pre-checked box that automatically doubled a donor's contribution.
Eventually, financial institutions became "inundated with fraud complaints" from Trump supporters who unknowingly agreed to these recurring charges.
According to the Times, several banks & one of the nation's larger credit-card companies confirmed that, at one point late in 2020, these cases accounted for up to 3% of all fraud complaints received.
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Source: Forbes
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