A shell entity set up by Trump allies to bypass US campaign finance laws has imploded, sources confirm. The so-called “Atlantic Integrity Trust” was supposed to be a bulwark against what Trump called “weaponisation of government”. Instead, it has become a smoking ruin of unpaid invoices and angry creditors.
Documents obtained by this newsroom show the fund burned through $12 million in six months, with the bulk going to shell companies registered in Delaware and the Cayman Islands. The British think tank Chatham House has described the collapse as “a return to pragmatic transatlantic relations”. But for those who followed the money, the real story is simpler: a slush fund designed to evade oversight has failed because the people running it couldn’t stop stealing from it.
The fund’s CEO, a former Trump campaign aide, resigned last week after it emerged he had used trust money to buy a fleet of luxury cars. His lawyer says the purchases were “legitimate business expenses”. The IRS is now investigating.
Meanwhile, in London, officials at the Foreign Office are reportedly relieved. One source said: “We were dreading having to deal with a rogue fund that had no accountability. Sanity has prevailed.
” But the underlying problem remains: how to close the loopholes that allowed such a fund to exist in the first place.
