1 of 1- Just Fred
- Duke of Cortona
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- Registered: 1/29/2015
- Posts: 3,863
Gee, Who Could Predicted or Foreseen This?
Before taking office, President Trump promised to place his assets in a trust designed to erect a wall between him and the businesses that made him wealthy.
But newly released documents show that Trump himself is the sole beneficiary of the trust and it is legally controlled by his oldest son and a longtime employee.
The documents, obtained through a public records request by the investigative news service ProPublica and first reported by the New York Times, also show that Trump retains the legal power to revoke the trust at any time.
The documents were filed to the alcoholic beverage control board in the District of Columbia to alert the board that oversees liquor licenses at Trump's Washington hotel of the change in the business.
The documents show that Donald Trump Jr., the president's eldest son, and Allen Weisselberg, the Trump Organization's chief financial officer, were placed in legal control of the trust on Jan. 19, one day before Trump took office.
But they outline that the trust's purpose is "to hold assets for the exclusive benefit of Donald J. Trump," who "has the power to revoke the Trust."
Last edited by Just Fred (2/04/2017 4:17 pm)
- Rongone
- Sentient Being
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- From: Keeping Calm, Sailing On
- Registered: 1/31/2015
- Posts: 2,872
Re: Gee, Who Could Predicted or Foreseen This?
OK
But then how do you explain that table stacked full of folders stuffed with papers that Trump, his family, and his attorney alluded to in that dog and pony show they put on for the press and the public proclaiming that he and is businesses were completely divested through all that exhaustive paperwork?
Was it an outright lie, or just too complex for us peons to understand, or was it another case of "Alternative Facts"?
It's going to be an interesting 4 years.
Last edited by Rongone (2/04/2017 4:26 pm)
- Goose
- Cogito ergo sum
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- Registered: 1/29/2015
- Posts: 13,427
Re: Gee, Who Could Predicted or Foreseen This?
Perhaps common will explain to us why he believes this arrangement should not worry anyone.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.