New Documents Show Trump Retains Direct Tie to Businesses - News Summed Up

New Documents Show Trump Retains Direct Tie to Businesses


New documents confirm that President Donald Trump retains a direct tie to his business interests through a revocable trust now being overseen by one of his adult sons and a longtime executive of the Trump Organization. Trump is the sole beneficiary of the Donald J. Trump Revocable Trust, which is tied to his Social Security number as the taxpayer identification number, according to documents published online by the investigative nonprofit ProPublica. The Trump trust holds a liquor license for the hotel that opened last fall in the federally owned Old Post Office building. Trump's two adult sons and Weisselberg are running the company while Trump is president, but Trump himself still financially benefits from it. On Friday, Vincent Viola, a billionaire Wall Street trader and President Trump's nominee for Army secretary, withdrew his name from consideration.


Source: ABC News February 04, 2017 16:41 UTC



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