Prior to taking office, President Donald Trump made a promise to put his assets into a trust that was designed to put a wall between him and his businesses that help to make him so wealthy.
However, new documents just released show Trump is still the sole beneficiary of his trust and that it is controlled legally by one employee and Trump’s eldest son.
The documents that were obtained through a request in public records by a news service known as ProPublica showed as well that Trump holds legal power to revoke his trust at any moment.
The documents were filed in Washington with the Alcoholic Beverage Control Board to alert that board, which oversees the liquor licenses at the hotel Trump owns in D.C., of the changes in the business.
In the documents, one can see that the eldest son of the president Donald Jr. and Allen Weisslberg, the CFO at Trump Organization are in control of that trust legally as of January 19, one day prior to Trump being inaugurated as president.
However, it is expressed that the purpose of the trust is holding assets for the sole benefit of Donald J. Trump, who can revoke the Trust.
Those records hold documentary evidence that what ethics experts have warned about long before Trump became president.
While the President promised he would observe the separation between his presidency and his business, he retains his ownership and will benefit personally if it profits from decisions that his government make.
The business is to be operated by his family members who are his inner circle’s most trusted members, which raises questions about if the promises Trump made to limit the communications he has about the fate of his businesses are realistic.
Trump prior to taking office said that his two sons Donald and Eric would run his company and that they would not discuss things with him.
However, the two sons had been in New York following the inauguration of their father but returned this week to Washington to attend their father’s announcement of his Supreme Court nominee.
The trust as well does not end other possible conflicts that include him as the Celebrity Apprentice executive producer for NBC. He made headlines recently for criticizing the new host of the show Arnold Schwarzenegger the former governor of California.
Representatives from NBC, the network that broadcasts the show, did not say if Trump would be compensated for his role and if so how much.
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