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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump has not yet resigned from his companies...he lied again
President Trump has not yet formally resigned from his business empire, despite taking office on Friday, Pro Publica reports.As of 3:15 p.m. on Friday, officials in New York, Delaware and Florida, where Trumps companies are registered or incorporated, said they had not yet received the paperwork necessary for Trump to officially transfer control of his businesses to his two eldest sons and a longtime associate, according to the report.
The Pro Publica report examined more than a dozen of Trumps largest companies and found that the newly inaugurated president hasnt yet taken the proper steps to remove himself from their business operations.The report raises further questions about potential conflicts of interest the real estate mogul could face in the Oval Office.Trump has also said he would shut down the controversial Donald J. Trump Foundation, but the report found that documents pertaining to the charitable organization havent been updated.
The finding contradicts Trumps claim last week that he has completely removed himself from his companies.
A lawyer for Trump, Sheri Dillon, said at the same news conference that the presidents business interests would be placed in a family trust by Inauguration Day.Despite those announcements, ethics experts and lawyers have argued that doing so would not truly resolve Trumps potential conflicts of interest, saying that the only way for him to avoid such issues would be to fully divest from his businesses.
Trump and his associates are not doing what they said they would do, Richard Painter, President George W. Bushs chief ethics attorney, told Pro Publica. And even that was completely inadequate.
http://thehill.com/homenews/administration/315383-trump-has-not-yet-resigned-from-his-businesses-report
But Trump has held that he will not do so, and Dillon said last week that total divestiture could take a financial toll on Trump. Whats more, Trumps massive real estate holdings, like golf courses and hotels, would prove difficult to sell off.
President-elect Trump cannot be expected to destroy the company he built, Dillon said at the news conference.
The president isnt required by law to completely divest from business interests. But no past president has had a web of business interests as vast as Trump, who owns properties around the world.
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Trump has not yet resigned from his companies...he lied again (Original Post)
HipChick
Jan 2017
OP
He will be allowed to do whatever he wants re his empire. Expanding it already.
BSdetect
Jan 2017
#5
During the next State of the Union, everyone can jump up and accurately accuse, "Liar!" nt
aka-chmeee
Jan 2017
#7
Dark n Stormy Knight
(9,760 posts)1. Criminal.
But he'll never be convicted.
Wounded Bear
(58,603 posts)2. No tax returns, either....nt
spanone
(135,795 posts)3. and he has no intention to.
the king is above the law,
but, he's not part of the 'elite' that he talks against
wink, wink, nudge, nudge
hells
(141 posts)4. tRump lied
I cannot believe that!
BSdetect
(8,995 posts)5. He will be allowed to do whatever he wants re his empire. Expanding it already.
Do not hope they will attempt to limit his conflicts of interest.
The GOP thinks they can keep power despite his BS
anarch
(6,535 posts)6. pfft...he's probably completely underwater...can't divest
I mean, he almost certainly owes some unconscionable amount of money to his Russian mob associates...wouldn't be surprised if there are other complications too. It's all just so completely FUBAR; it's unbelievable, really.
aka-chmeee
(1,132 posts)7. During the next State of the Union, everyone can jump up and accurately accuse, "Liar!" nt