Documents confirm Trump still benefiting from his business

The following article by Rosalind S. Helderman and Drew Harwell was posted on the Washington Post website February 4, 2017:

Police stand guard outside the Trump International Hotel on Pennsylvania Avenue in Washington. Documentation involving the hotel discloses how President Trump is still benefiting from the hotel’s ownership. (John Minchillo/Associated Press)

Before taking office, President Trump promised to place his assets in a trust designed to erect a wall between him and the businesses that made him wealthy.

But newly released documents show that Trump himself is the sole beneficiary of the trust and that it is legally controlled by his oldest son and a longtime employee.

The documents, obtained through a public records request by the investigative news service ProPublica and first reported by the New York Times, also show that Trump retains the legal power to revoke the trust at any time.

The documents were filed to the Alcoholic Beverage Control Board in Washington to alert the board that oversees liquor licenses at Trump’s D.C. hotel of the change in the business. Continue reading “Documents confirm Trump still benefiting from his business”