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Government Ethics & Legal Experts Pan Trump's "Prohibited" & Conflict-Ridden Plan 4 Trump Organizatn
http://mediamatters.org/blog/2017/01/11/government-ethics-and-legal-experts-pan-trumps-prohibited-and-conflict-ridden-plan-trump/214983Government ethics and legal experts say President-elect Donald Trump's plan to transfer oversight of his company to his sons does not go far enough to avoid serious conflicts of interest as president, and they urged journalists not to let him off the hook.
Trump announced today at a press conference that he would transfer control of The Trump Organization to a trust controlled by his eldest sons, Donald Jr. and Eric, and Trump Organization CFO Allen Weisselberg, but would still retain an ownership interest in the business and receive reports on the business' finances.
His attorney, Sheri Dillon of Morgan, Lewis & Bockius, told reporters the company would also appoint an in-house ethics consultant to review future actions and cancel pending foreign deals. Still, ethics experts say the plan falls short of a clear separation from the business side.
“It doesn’t do what everybody wanted it to do,” said Scott Amey, general counsel for the Project On Government Oversight. “In essence, keeping an ownership interest in the business is a wrong decision. He can’t just set up firewalls between himself and his sons who are running the business and think there isn’t a conflict of interest.”
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