Ex-Dem insider blows lid off fundraising 'gimmicks' during 2024 election: 'Pyramid scheme'

Lindy Li, a Democratic fundraiser who left the party after concluding that warning signs about President Joe Biden's cognitive decline were being ignored, says Kamala Harris's campaign misallocated its record fundraising and misled donors, according to Fox News. Li called the operation "a pyramid scheme," a comparison she draws in her forthcoming book "Unburdened," which details the run-up to Biden's exit from the 2024 race.

Li told Fox News Digital that inside the campaign, backing an obvious falsehood about Biden's health bought access, while anyone who "subverted" or questioned it lost it. She said fundraisers who recruited others could claim credit for as much as $250,000 of what recruits brought in, and that donors were sometimes shifted around or double-counted, letting some operatives appear to have raised roughly $10 million without directly raising anything themselves.

As a senior fundraiser for both Biden and Harris, Li worked alongside major donors, party leaders and the Democratic National Committee, giving her direct visibility into spending decisions. She wrote that most of the campaign's money moved through four outside media contractors — Bully Pulpit Interactive, Dupont Circle Strategies, Gambit Strategies and Media Buying & Analytics — which she said together took in more than half a billion dollars in fees.

Summarized by PolitiKool from Fox News’s reporting. Read the full story at Fox News →