Finance
Trump’s guilty verdict is turning into a lottery for his campaign finance
Trump’s campaign raised almost twice as much money than on any previous day. The money was raised through an online donor platform
read more
A day after former US President Donald Trump was handed over the historic guilty verdict in the infamous hush money case, his campaign said that it had shattered its own fundraising record. On Thursday, the business mogul turned politician created history for all the wrong reasons after a 12-member jury found him guilty of falsifying his business records.
According to the Financial Times, Trump’s campaign raised almost twice as much money than on any previous day. The money was raised through an online donor platform.
The campaign said on Friday morning that it had raised $34.8mn following the verdict. It is pertinent to note that with this verdict, Trump became the first ex-president ever to be convicted of a felony. He was found guilty on all 34 counts and was accused of hiding the hush money given to adult film star Stormy Daniels from his business records.
The campaign site briefly crashed
Trump’s campaign said that the amount was nearly double the sum garnered on its best-ever day on the WinRed donation platform. With the massive inflow of donations, the site briefly crashed as well.
“President Trump is fighting to save our nation and November fifth is the day Americans will deliver the real verdict,” said Trump campaign senior advisers Chris LaCivita and Susie Wiles in a statement.
Shortly after the verdict started making headlines, Trump’s campaign moved within minutes to start a donation drive and went on to refer to Trump as a “political prisoner”.
“I was just convicted in a RIGGED political Witch Hunt trial,” wrote Trump on the campaign page. “I DID NOTHING WRONG!”
Even before the verdict, Trump’s campaign has stepped up its fundraising efforts, including holding events with oil barons in Texas and a planned June trip to Silicon Valley.
Jason Thielman, who runs the official Senate Republican campaign also noted the spike in the campaign funds. “Outrage over the sham verdict against Trump has spurred average Americans into action!” Thielman wrote on X, formally known as Twitter.
Outrage over the sham verdict against Trump has spurred average Americans into action! The NRSC just had its largest online daily fundraising haul of the cycle. The people are energized and determined to take back the White House and Senate!
— Jason Thielman (@ThielmanJason) May 31, 2024
“The NRSC just had its largest online daily fundraising haul of the cycle. The people are energized and determined to take back the White House and Senate!” he added.
Not only this, Google searches for DonaldJTrump.com and WinRed spiked over 5,000 per cent, the “Trump campaign website” jumped over 1,000 per cent and the “Biden campaign website” saw an increase of over 350 per cent, Financial Times reported.
Billionaires like Stephen Schwarzman, Bill Ackman and Miriam Adelson have expressed their intentions to support the former president in the upcoming elections.
With inputs from agencies.
Finance
Your privacy choices
Yahoo is part of the Yahoo family of brands.
- provide our sites and apps to you
- authenticate users, apply security measures, and prevent spam and abuse, and
- measure your use of our sites and apps
If you do not want us and our partners to use cookies and personal data for these additional purposes, click ‘Reject all‘.
If you would like to customise your choices, click ‘Manage privacy settings‘.
You can withdraw your consent or change your choices at any time by clicking on the ‘Privacy & Cookie Settings’ or ‘Privacy Dashboard’ links on our sites and apps. Find out more about how we use your personal data in our Privacy Policy and Cookie Policy.
Finance
3 stocks to watch in 2026
Finance
Hong Kong to boost tech and finance services integration amid AI boom: Paul Chan
Hong Kong’s finance chief has pledged to further integrate financial services with technology innovation to foster a thriving ecosystem, following a surge in investor interest in artificial intelligence-related stocks during the first trading day of the year.
Financial Secretary Paul Chan Mo-po on Sunday also emphasised Hong Kong’s role as an international capital market in fuelling the growth of frontier mainland Chinese tech firms with the city’s funding and liquidity.
“We welcome these enterprises to list and raise capital in Hong Kong and also encourage them to settle in the city to establish research and development (R&D) centres, transform their research outcomes, and set up advanced manufacturing facilities,” Chan said on his weekly blog.
“We support them in establishing regional or international headquarters in Hong Kong to reach international markets and strategically expand across Southeast Asia and the globe.”
The Hang Seng Index kicked off 2026 with a bang, surging over 700 points – a 2.8 per cent jump that marked its strongest opening since 2013.
Innovation and technology giants spearheaded the rally, with the Hang Seng Tech Index soaring 4 per cent as investor appetite for AI-related stocks reached a fever pitch.
-
World1 week agoHamas builds new terror regime in Gaza, recruiting teens amid problematic election
-
Indianapolis, IN1 week agoIndianapolis Colts playoffs: Updated elimination scenario, AFC standings, playoff picture for Week 17
-
Business1 week agoGoogle is at last letting users swap out embarrassing Gmail addresses without losing their data
-
Southeast1 week agoTwo attorneys vanish during Florida fishing trip as ‘heartbroken’ wife pleads for help finding them
-
Politics1 week agoMost shocking examples of Chinese espionage uncovered by the US this year: ‘Just the tip of the iceberg’
-
News1 week agoRoads could remain slick, icy Saturday morning in Philadelphia area, tracking another storm on the way
-
World1 week agoPodcast: The 2025 EU-US relationship explained simply
-
News1 week agoMarijuana rescheduling would bring some immediate changes, but others will take time