Story thread · 5 reports / 5 sources

Broke and desperate DNC gambles its HQ after getting email-scammed

conservativereview.com · 13dShare

The Democratic National Committee is circling the drain. Unlike the Republican National Committee, which had no debt and $128.53 million in cash on hand at the end of last month, the DNC under the leadership of Chairman Ken Martin had only $16.3 million on hand and was over $18.5 million in debt . 'The result of fraudulent activity by an external third party.' According to the New York Times, the Democratic Party is so desperate, it has begun asking vendors to put off sending invoices until after the midterm elections. In its desperation, the DNC had to post something near and dear as collateral in order to secure a $15 million loan from Amalgamated Bank in October — a loan that was reportedly timed to enable seven-figure financial transfers to then-gubernatorial candidates in Virginia and New Jersey. NOTUS, citing D.C. deed records, highlighted that the DNC actually put up its physical headquarters at 430 South Capitol Street in Southeast D.C. as a security — but did not explicitly no

First report: DNC Mortgaged Its Headquarters as Collateral for Loan — gellerreport.com, 15d