Donald Trump Reportedly Working to Transfer Businesses to His Children


SIGN UP FOR OUR NEWSLETTER

Donald Trump’s spokesman Jason Miller indicates that the President-elect is working with lawyers on transitioning his business over to his children.

Miller was asked during a phone call with reporters about something Trump posted on Twitter on Monday, where he referenced his business interests across the world, charging that only the “crooked media” thinks it is a “big deal.”

SIGN UP FOR OUR NEWSLETTER

This tweet sparked the Huffington Post to write an article titled, “Trump Says Any Conflicts Of Interest Were Priced Into Your Vote.”

The New York Times detailed Trump’s potential conflicts of interest with his business on Monday:

Mr. Trump’s companies do business with entities controlled by foreign governments and people with ties to them. The ventures include multimillion-dollar real estate arrangements — with Mr. Trump’s companies either as a full owner or a “branding” partner — in Ireland and Uruguay. The Bank of China is a tenant in Trump Tower and a lender for another building in Midtown Manhattan where Mr. Trump has a significant partnership interest.

Experts in legal ethics say those kinds of arrangements could easily run afoul of the Emoluments Clause if they continue after Mr. Trump takes office.

“I’ll go ahead and let the President-elect speak for that directly, but obviously, we’re all working and preparing for this transition in advance of him being sworn in on January 20 and as updates become available we will go and share those with you,” Miller told reporters on Tuesday.

Politico reports that Trump’s lawyer said his three children, Don Jr., Eric and Ivanka, will oversee the Trump Organization through a blind trust.

Miller was asked by the press on Tuesday if the transition team can share a schedule on the timeline and transition of the business to Trump’s children.

“There’s no schedule that is ready for public distribution… but as soon as lawyers work through that…with all parties involved, we will go ahead and get that out,” Miller promised.

In the same category are

Neo-Nazi blog The Daily Stormer tries to move to Russian domain (Credit: Getty/Chip Somodevilla) An American neo-Nazi website has taken a cue from Donald Trump Jr. by looking to Russians for help. Less than a day ...
Martin Shkreli thinks he’ll be president someday (Credit: AP Photo/Seth Wenig) Do you think Martin Shkreli, aka the “Pharma Bro,” is destined to become an American president? If you don&...
Donald Trump’s CEO advisory councils are done, but who eliminated them? Jeff Bezos, Larry Page, Sheryl Sandberg, Mike Pence, Donald Trump and Peter Thiel meet at Trump Tower in New York, December 14, 2016. (Credit: Getty/...
Navigating Paradox, Reality Bubbles, & Multiple Worldviews with VR Dr. Marilyn Schlitz is a social anthropologist, consciousness researcher, and co-author of the books Consciousness & Healing and Living Deeply. He...
Social VR Platform ‘AltspaceVR’ Reopens Virtual Doors, May Live On Yet Following the recent announcement that social VR platform AltspaceVR would be permanently closing its doors after running dry of VR funds, the company...
EVE: Valkyrie ‘Warzone’ Update Adds Non-VR Mode and PS4, PC Cross Platform Play One of the earliest big exclusive releases for VR, EVE: Valkyrie from CCP Games, continues to evolve and with the latest free expansion dubbed ‘...

View the original article: http://feedproxy.google.com/~r/breitbart/~3/3FSLAqkPxFA/

Dont forget to “Like” us on Facebook


Need something to share, visit our sister site for the news this week in a clear concise package ….

 

 

planetgazette.uk

Comment on this story