ProPublica has revealed documents showing that Donald Trump has not completely severed ties with his business empire through a revocable trust that is being overseen by one of his sons.
The Guardian reports that Donald Trump is the sole beneficiary of the Donald J Trump Revocable Trust, according to documents published by ProPublic. It is detailed in a letter to the Washing Liquor board sent last Jan. 27 that Donald Trump Jr. and Allen Weisselberg are its new trustees.
This means that Trump can revoke the trust at any time and it suggests that he continues to profit financially from his businesses, writes The Guardian. Aside from that, the documents also show that the trust contains intellectual property rights as well as money from the various sales of stock investments.
This is in line with what Trump and his lawyer, Sheri Dillon, announced in a press conference last month. It was announced that Trump would be handing over his business to his adult sons in order to avoid a conflict of interest during his term as president.
The director of The Office of Government Ethics, Walter Shaub, has made his position on the transfer of trust clear. Shaub has stated before that a blind trust would be more workable and acceptable given that the President would have no knowledge at all of his assets.
Criticisms have also been made regarding Trump's travel ban. It was noted that Muslim-majority countries where he has business interests have not been included in the list of seven countries.
Trump's Chief of Staff, Reince Priebus, responded to the matter saying that the seven states were previously identified by the Obama administration and by the Congress. Furthermore, they are not dismissing the possibility of adding more countries to the list at a later date.
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