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Trump heads to California for billionaire fundraisers days after post-verdict donation windfall

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Trump heads to California for billionaire fundraisers days after post-verdict donation windfall


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Flush with a torrent of small campaign donations following Thursday’s 34-count guilty verdict, former President Donald Trump is heading westward in a bid to continue the fundraising spree, to the land of sunshine, palm trees and tech billionaires.

A multiday trip to California this week is expected to rake in millions as he hopscotches from events in San Francisco, Beverly Hills and Newport Beach, where attendance costs as much as $300,000 per person.

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California is home to many mega-donors supporting the presumptive Republican nominee Trump and President Joe Biden’s campaigns, making it both an inevitable stop for candidates during election years and an arena in the fight for billionaire backing. Though the fundraisers were announced before the verdict, efforts by the GOP to bridge the gap between Trump’s and Biden’s coffers will now broadcast a new message: Trump as “political prisoner.”

The Trump National Committee’s official fundraising page features the term in highlighted, bold text.

“I was just convicted in a RIGGED political Witch Hunt trial: I DID NOTHING WRONG!,” the fundraising website, hosted by WinRed, quotes Trump. “YOUR SUPPORT IS THE ONLY THING STANDING BETWEEN US AND TOTAL TYRANNY!”

It’s the first fundraising blitz in the state this year for Trump, kicking off less than a week after a Manhattan jury convicted the former president of falsifying business records in an attempt to hide hush money payments to an adult film star.

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Former Paypal executive David Sacks and his wife, Jacqueline Sacks, are co-hosting a Thursday fundraiser with former Facebook executive Chamath Palihapitiya in San Francisco. Tickets range from $5,000 to $300,000 per person and $500,000 for couples. David Sacks and Palihapitiya, co-hosts of the “All-In” podcast, have hosted political fundraisers in the past, including for Trump.

A similar reception and dinner event is scheduled the following day in Beverley Hills, ranging from $5,000 to $250,000 to attend. Saturday, the former president will head to Newport Beach, where attendees will shell out up to $100,000. Oculus founder Palmer Luckey, the co-founder of a health insurance company John Word, and his wife, Kimberly, are hosting the event.

Trump says he raised nearly $53 million a day after his conviction

But Trump and the GOP aren’t the only ones pointing to Trump’s criminal charges in attempts to drum up support — or appeal to owners of some of the Golden State’s heaviest pocketbooks.

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Gov. Gavin Newsom’s political action committee sent an email Friday in a bid for donations, calling the verdict’s funding haul a “dangerous moment for Joe Biden,” the Sacramento Bee reported.

“I don’t need to tell you about Donald Trump’s conviction yesterday,” the governor said in the email. “But here is what you may not know: after the jury announced its verdict, Donald Trump raised $35 million from supporters who want to see him re-elected. All in less than 24 hours. And this on the heels of out-raising Joe Biden last month, as well.”

California Rep. Ro Khanna, D-Santa Clara, has also been making entreaties to the tech world recently, hosting a retreat in Napa Valley, bringing together Democratic party leaders with billionaire leaders in venture capital and technology.

Kathryn Palmer is an elections fellow for USA TODAY. Reach her at kapalmer@gannett.com and follow her on X @KathrynPlmr.



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It rained a lot in October. Is fire season over now?

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It rained a lot in October. Is fire season over now?


This autumn brought something that isn’t always common for much of California — a decent amount of rain in October. Rather than heat waves, there have been umbrellas.

After years in which some of the worst wildfires in state history happened in the fall, a lot of people are wondering: Is fire season over?

It depends on where you live, fire experts say. And simply put, there’s more risk in Southern California right now than Northern California.

“We have not yet seen enough rain in Southern California to end fire season,” said Daniel Swain, a climate scientist with the University of California division of Agriculture and Natural Resources. “But we probably have in Northern California.”

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A car traverses a flooded stretch of Interstate 880 on Monday, Oct. 13, 2025, in Oakland.(AP Photo/Noah Berger) 



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Exclusive: FBI searched California real estate firm linked to bad bank loans

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Exclusive: FBI searched California real estate firm linked to bad bank loans


NEW YORK, Oct 30 (Reuters) – The FBI last month searched the offices of a California real estate investment firm Continuum Analytics, which is linked to bad loans recently disclosed by Zions (ZION.O), opens new tab and Western Alliance (WAL.N), opens new tab, according to legal correspondence seen by Reuters.
Continuum Analytics is an affiliate of the little-known Cantor Group funds which Zions and Western Alliance have said defaulted on about $160 million in loans, spooking markets already on alert for signs corporate credit is weakening.

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On September 11, FBI agents searched Continuum’s Newport Beach, California, offices, law firm Paul Hastings wrote in a September 12 letter seen by Reuters.

Representatives for Continuum did not respond to emails and calls seeking comment. The FBI is an enforcement arm of the Justice Department. Spokespeople for the agencies did not respond to requests for comment. An attorney for Cantor Group said the firm upheld the terms of the Zions and Western Alliance loans and did not provide comment on the government scrutiny.

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Allen Matkins, a law firm that represents other entities linked to Continuum, wrote in an October 2 letter that it learned on September 11 that certain of its clients were the subject of search warrants “in connection with a pending criminal investigation,” and that a grand jury had been convened in the case.

Prosecutors typically convene a grand jury when they intend to gather more evidence. The letters did not say which specific criminal authority was leading the case or what potential misconduct or individuals it was focused on.

Criminal investigations do not necessarily mean any wrongdoing has occurred and many do not result in charges.

Reuters is reporting the FBI search and probe for the first time. The government scrutiny could have ripple effects for what legal filings and public records show is a complex web of investors and lenders tied to Continuum’s real estate dealings, some of which are entangled in civil litigation.

Paul Hastings and Allen Matkins are representing parties embroiled in a complex real estate dispute. The letters relate to those proceedings. The Allen Matkins letter was disclosed in a California court.

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When asked about the letter by Reuters, a lawyer for Paul Hastings said the firm was “working to unravel multiple levels of alleged fraud,” but did not provide more details.

Allen Matkins did not respond to calls and emails seeking comment.

PASSIVE INVESTORS

Zions on October 15 sued Cantor Group fund guarantors Andrew Stupin and Gerald Marcil, among others, to recover more than $60 million in soured commercial and industrial loans. The next day, Western Alliance flagged that it had sued the pair and a different Cantor fund in August to recover nearly $100 million.

Both suits allege key information was misrepresented or not disclosed, breaching the loan terms. Western Alliance also alleges fraud on the part of the Cantor fund.

Continuum acquires and manages distressed real estate assets for groups of investors, and its largest investors include Stupin and Marcil, according to a February arbitration ruling related to the real estate dispute. That ruling found Cantor “consists solely” of Continuum’s legal owner, Deba Shyam, and shares the Continuum offices. Shyam did not respond to calls and emails seeking comment.

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Cantor upheld its contractual obligations and was transparent with its lenders, while the loans were audited and independently reviewed multiple times over the years, said the Cantor attorney Brandon Tran, who also represents Stupin and Marcil.

The pair are passive investors in Cantor and held no operational roles, he added. Cantor in legal filings has disputed that the Western Alliance loan is in default.

In a statement, Marcil said he had invested in several of Continuum’s properties. He denied wrongdoing and said that he was a victim.

Spokespeople for Zions and Western Alliance did not respond to requests for comment.

Reporting by Douglas Gillison and Chris Prentice; Editing by Michelle Price

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California sues truck-makers for breaching zero-emission sales agreement

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California sues truck-makers for breaching zero-emission sales agreement


California air quality officials have sued four truck manufacturers for breaching a voluntary agreement to follow the state’s nation-leading emissions rules, the state announced Tuesday.

What happened: Attorney General Rob Bonta’s office filed a complaint Monday in Alameda County Superior Court, arguing that the country’s four largest truck-makers — Daimler Truck North America, International Motors, Paccar and Volvo North America — violated an enforceable contract that they signed with the California Air Resources Board in 2023.

The lawsuit comes two months after the manufacturers filed their own complaint in federal court, arguing the agreement — known as the Clean Truck Partnership — is no longer valid after Republicans overturned California’s Advanced Clean Truck rule in June through the Congressional Review Act.

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Why it matters: The move sets up a fight to determine whether the federal system or state courts — where CARB would have a higher likelihood of prevailing — will review the case.



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