(NewsNation) — Kamala Harris and Tim Walz are set to address their National Finance Committee next week amid reports that the campaign is $20 million in debt after a lavish spending spree.

Political megadonor John Morgan tells “CUOMO” that those who poured money into the Harris-Walz campaign were trying to defeat Trump, not elect Harris — and her campaign’s spending is cause for serious concern.

“All of a sudden, everybody’s got the keys to the candy store, ad buyers, talent consultants. There’s 100 days to do it, and the money started pouring in,” Morgan said, “ego” and a “crazy” desire to obtain commissions on placed ads drove much of the spending.

It included $15 million for “event production,” $4 million in private jets and another $1 million to Oprah’s company, among other pricy purchases.

When asked if Morgan believes someone possibly stole the money he said “Maybe legally.”

He added that the reported $1.5 billion spent in four months is proof that Harris shouldn’t run again.

“I think this disqualifies her forever,” Morgan said. “If you can’t run a campaign, you can’t run America.”

“The same thing is going to follow Harris for the rest of her career. She cannot be trusted with the money, and the donors are going to be like, ‘Where is this money?'” he added.

Lindy Li, a member of the DNC finance committee, told NewsNation’s Rich McHugh the internal strife and monetary confusion at the center of the party have led some staffers to leave altogether.

The money, Harris’ campaign says, is not an issue.

“As of Election Day, there were no outstanding debts or bills overdue and there will be no debt on either the DNC or HFP report for post general report,” Patrick Stauffer, Harris campaign’s chief financial officer, told The Hill.

Morgan told NewsNation’s Chris Cuomo in July that he wouldn’t fundraise for Harris after her entrance to the presidential race, calling himself a “Joe Biden-Democrat” and identifying as an independent.