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Trump can now tap money from his business, raising ethics concerns
President Donald Trump can withdraw money from his businesses without immediately disclosing it, raising new concerns about the separation between Mr. Trump and his numerous holdings.
The investigative website ProPublica on Monday revealed a change to the trust document intended to keep a barrier between the president and the family-owned Trump Organization: Mr. Trump can now withdraw money from the trust for just about any purpose. When Mr. Trump announced the trust’s formation in January, his lawyer said that there was a “wall that we are building” between him and his company.
But the revised version of the trust agreement, signed Feb. 10, allows its two trustees -- the president’s oldest son Donald Jr. and the firm’s chief financial officer, Allen Weissenberg -- to deliver income or principal from the company to the president at his request.
Mr. Trump does not have to divulge any such transactions at once.
originally posted by: Kali74
a reply to: Byrd
I can't believe we've reached such a collective pause in critical thought that people don't understand why this is a problem. Trump can literally run the nation according to the best interests of his businesses.
When President Donald Trump placed his businesses in a trust upon entering the White House, he put his sons in charge and claimed to distance himself from his sprawling empire. “I hope at the end of eight years I’ll come back and say, ‘Oh you did a good job,’” Trump said at a Jan. 11 press conference. Trump’s lawyer explained that the president “was completely isolating himself from his business interests.”