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Ivanka Trump and Jared Kushner Still Benefiting From Business Empire, Filings Show
Ivanka Trump and Jared Kushner Still Benefiting From Business Empire, Filings Show
By JESSE DRUCKER, ERIC LIPTON and MAGGIE HABERMAN
MARCH 31, 2017
Ivanka Trump and Jared Kushner, President Trump’s daughter and son-in-law, will remain the beneficiaries of a sprawling real estate and investment business still worth as much as $741 million, despite their new government responsibilities, according to ethics filings released by the White House Friday night.
Ms. Trump will also maintain a stake in the Trump International Hotel in Washington, D.C. The hotel, just down the street from the White House, has drawn protests from ethics experts who worry that foreign governments or special interests could stay there in order to curry favor with the administration.
It is unclear how Ms. Trump would earn income from that stake. Mr. Kushner’s financial disclosures say that Ms. Trump earned between $1 million and $5 million from January 2016 to March 2017, and puts the value of her stake at between $5 million and $25 million.
... snip
The plan laid out on Friday “is not sufficient,” said Larry Noble, a former general counsel and chief ethics office for the Federal Election Commission. “While removing himself (Jared) from the management of the businesses is an important step, he is still financially benefiting from how the businesses do. This presents potential for a conflict of interest. Given his level in the White House and broad portfolio it’s hard to see how he will recuse himself from everything that may impact his financial interest.”
Link: https://www.nytimes.com/2017/03/31/us/politics/ivanka-trump-and-jared-kushner-still-benefiting-from-business-empire-filings-show.html?smid=tw-share
By JESSE DRUCKER, ERIC LIPTON and MAGGIE HABERMAN
MARCH 31, 2017
Ivanka Trump and Jared Kushner, President Trump’s daughter and son-in-law, will remain the beneficiaries of a sprawling real estate and investment business still worth as much as $741 million, despite their new government responsibilities, according to ethics filings released by the White House Friday night.
Ms. Trump will also maintain a stake in the Trump International Hotel in Washington, D.C. The hotel, just down the street from the White House, has drawn protests from ethics experts who worry that foreign governments or special interests could stay there in order to curry favor with the administration.
It is unclear how Ms. Trump would earn income from that stake. Mr. Kushner’s financial disclosures say that Ms. Trump earned between $1 million and $5 million from January 2016 to March 2017, and puts the value of her stake at between $5 million and $25 million.
... snip
The plan laid out on Friday “is not sufficient,” said Larry Noble, a former general counsel and chief ethics office for the Federal Election Commission. “While removing himself (Jared) from the management of the businesses is an important step, he is still financially benefiting from how the businesses do. This presents potential for a conflict of interest. Given his level in the White House and broad portfolio it’s hard to see how he will recuse himself from everything that may impact his financial interest.”
Link: https://www.nytimes.com/2017/03/31/us/politics/ivanka-trump-and-jared-kushner-still-benefiting-from-business-empire-filings-show.html?smid=tw-share
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