"As the select committee has demonstrated, the Trump campaign knew these claims of voter fraud were false, yet they continued to barrage small dollar donors with emails, encouraging them to donate to something called an Official Election Defense Fund," Wick said.
"Claims that the election was stolen were so successful, President Trump and his allies raised $250 million, nearly $100 million in the first week after the election," Wick said.
She added that the committee discovered that the fund did not exist.
She detailed how Trump created a separate entity called the "Save America" PAC on Nov. 9, 2020.
"Most of the money raised went to this newly created PAC, not to election-related litigation," she said, adding that the committee discovered that this PAC gave millions in contributions to pro-Trump organizations.
Lofgren said that political fundraising is part of the electoral process and allows voters to make their voices heard, but that they "deserve the truth about what those funds will be used for."