Donald Trump changes trust rules to allow him take money from business without telling US public

[forgotmylogin]

Source: Independent

Days before his inauguration on January 20, Mr Trump held a press conference in New York where he introduced a lawyer who outlined what he claimed was a trust that would protect against any allegations of a conflict of interest.

Mr Trump said he would turn over operational control of the Trump Organisation to his two eldest sons, abstain from new deals with foreign partners, refrain from discussing company matters and appoint an independent ethics adviser. His lawyer, Sherri Dillon, said Mr Trump wanted "there to be no doubt in the minds of the American public that he is completely isolating himself from his business interests”.

ProPublica said that previously unreported changes to a trust document, signed on February 10, stipulated that it “shall distribute net income or principal to Donald J Trump at his request” or whenever his son and longtime attorney “deem appropriate”.

The news site said there is nothing requiring Mr Trump to disclose when he takes profits from the trust, which could go directly into his bank or brokerage account. That’s because both the trust and Trump Organisation are privately held.

Read more: http://www.independent.co.uk/news/world/americas/us-politics/donald-trump-anti-trust-rules-remove-money-business-not-tell-us-public-us-president-family-sons-a7664826.html?

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Sooo...The President is lying to us again.

[jmowreader]

1. Which explains why he can afford to "donate" his presidential pay to the USG

[Angry Dragon]

2. President Conflict

[ProudLib72]

3. This is not some startling new revelation

We all knew this is exactly what would happen given his sliminess and sleaziness.

[CatWoman]

4. In epic letter, investment fund fires law firm for enabling the Trump kleptocracy

“America deserves a President of undivided loyalty. Your firm has denied them that.”

The Wallace Global Fund is sick of pretending.

In a scathing letter, the investment fund fired its elite law firm, Morgan Lewis, for its role in enabling Donald Trump to use the presidency to line his pockets.

In January, Morgan Lewis partner Sheri Dillon publicly signed off on Trump’s plan to maintain ownership of his business empire while president. Instead, Dillon established a variety of measures that fell “well short of the steps recommended by the Office of Government Ethics.”

Trump, meanwhile, is not even hiding his efforts to use the prestige of the presidency for profit. He has spent the last nine consecutive weekends at Trump-branded properties.

Now, one of Morgan Lewis’ clients has had enough. In its letter, the Wallace Global Fund accuses Morgan Lewis of abetting “corruption and an assault on our democracy.”

https://thinkprogress.org/investment-fund-fires-lawyers-trump-kleptocracy-a20e5312c989

[Eugene]

8. +1000

Thanks for sharing this. This article deserves its own thread.

[CatWoman]

9. feel free

[red dog 1]

5. How does he get away with all his evil actions?

Drumpf said it best himself on more than one occasion:
"I can do anything I want!"

[CousinIT]

6. NO OVERSIGHT. Republican congress refuses to do its job. n/t

[red dog 1]

12. That's true, but I was referring to him getting away with stuff all his life

When he allegedly raped the 13-year-old girl at his pedophile friend Epstein's "Lolita Party" back in 1994, she allegedly screamed for him to stop & get off her, at which point he allegedly slapped her hard in the face & told her "I can do whatever I want!"

http://justiceforkatie.com

(BTW, both the victim and an eyewitness to the rape both signed court affidavits declaring under penalty of perjury that their testimonies were true)

[Initech]

7. The GOP mantra: keep breaking it until it is fixed.

[SunSeeker]

10. K & R for exposure.

[mahatmakanejeeves]

11. From ProPublica, retweeted by David Fahrenthold:

David Fahrenthold: @Fahrenthold

Update: Trump Org attorney confirmed President Trump can withdraw profits & assets from his trust at any time: http://propub.li/2ozHoeI

Link to tweet