As Donald Trump’s hand-picked candidates are watching their fundraising efforts sag this financial quarter, another Trump favorite is also seeing his own coffers lagging behind where he should be at this point in his campaign, but it’s not due to the Trump Effect in this case.
The federal investigation into possible sex trafficking allegations against Republican Rep. Matt Gaetz has shown a real impact where it counts the most to the Florida Congressman: his campaign coffers. In its latest financial disclosure filed on Monday, the Gaetz campaign reported raising $534,000 in the final three months of last year, showing a major drop from the $1.8 million he raised in the first three months of the year, fresh off the 2020 election and a boost from Trump. Overall, Gaetz’s fundraising has been gradually slowing down, dropping to $1.4 million in the second quarter and then to $527,000 in the third quarter.
While some political analysts say a dip in fundraising between election years isn’t uncommon, plenty of Gaetz’s GOP colleagues, like Rep. Marjorie Taylor Greene, saw a similar drop in fundraising from their earlier hauls. And a joint fundraising operation between Gaetz and Greene’s joint tour also reported bringing in only $19,000 in the final quarter of 2021, compared to the nearly $360,000 it raised in the second quarter.
As the federal investigation into possible sex trafficking allegations against Republican Matt Gaetz continues, his campaign's fundraising has been dwindling. https://t.co/Xzc30BIHnX
— Kyle Griffin (@kylegriffin1) February 2, 2022
The investigation into Gaetz’s alleged sex trafficking, which includes testimony from another close friend who had direct knowledge of Gaetz’s illegal activities, has also impacted his bank account as his legal bills have increased. Media reports indicate that from July 2020 through the end of December 2021, the Gaetz campaign reported spending nearly $200,000 on legal bills, minus $25,000 that was returned by a firm named Zuckerman Spaeder LLP two months after the Gaetz campaign paid that amount to the firm. In the first few months of 2021, as news of the investigation into Gaetz and his associates emerged, the campaign also spent more than $800,000 on strategic consulting by PR firm Logan Circle Group — but the campaign’s payments to the firm dropped to under $3,000 in the final three months of 2021.
Breaking: A key witness in the sex trafficking case against Matt Gaetz has pleaded guilty. In exchange, he has promised to fully cooperate with prosecutors. His attorney told The Daily Beast that he has been cooperating against Gaetz. https://t.co/Fq5ZsNBvao
— Roger Sollenberger found true love, suckers (@SollenbergerRC) January 26, 2022
Earlier this month Gaetz’s ex-girlfriend, a one-time Capitol Hill staffer, testified in front of a federal grand jury that’s hearing evidence in the investigation, according to multiple sources. The ex-girlfriend, who the media is not naming, was one of the women allegedly on a 2018 trip to the Bahamas with Gaetz and others that prosecutors are investigating. She received immunity in exchange for her testimony.
I don't know how to break it to you morons, but Matt Gaetz is going to be arrested before Joe Biden is ever impeached. actually, I guess I do know how to break it to you morons
— Jeff Tiedrich (@itsJeffTiedrich) January 26, 2022