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Brad Parscale ran the Trump campaign like a Ponzi scheme: report

Business Insider: “Before his demotion this summer as President Donald Trump’s campaign manager, Brad Parscale had planned for a stunning amount of money to arrive during the 2020 home stretch that would cover equally shocking spending but that would have left the re-election effort dead broke by the start of October, three Republicans close to the president’s campaign told Insider. Parscale had been banking on campaign donations to miraculously double in October by about $200 million more than other recent months, said one Republican close to the president.”

“The Republican said Trump’s new campaign team, led by Bill Stepien, had to rush to cancel the spending approved by Parscale to salvage the president’s bid for a second term. Trump and his chief adviser, son-in-law Jared Kushner, ultimately demoted Parscale in July and launched an internal investigation of spending under him which turned up big ticket items like a personal driver for Parscale, extensive Air Force One travel for campaign staff and more. But money has been tight since then, leaving no less than the president himself to attempt to beat back stories that his campaign is on the rocks and float that he would open up his own checkbook to keep it running.”

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