00:00 It's Benzinga and here's what's on the block.
00:02 Former President Donald Trump's team is launching a legal defense fund called the Patriot Legal
00:06 Defense Fund, Inc. to assist with the increasing legal bills resulting from mounting investigations.
00:12 The fund aims to provide financial support for Trump's allies, advisors, and others
00:16 facing legal challenges.
00:18 Notably, the fund is not meant to cover Trump's personal legal expenses.
00:22 The move comes as a PAC supporting Trump, Save America PAC, reportedly spent over $40
00:28 million on legal costs in the first half of 2023.
00:32 The legal troubles facing Trump include a super-spending indictment related to handling
00:36 classified documents after leaving office and a 34-count indictment in New York related
00:40 to hush money paid to Stormy Daniels before the 2016 election.
00:44 Trump has denied all charges and claimed political persecution.
00:47 While his legal defense fund seeks to protect his associates from financial rain due to
00:52 mounting legal fees.
00:53 For all things money, visit Benzinga.com.
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