Newsgroup: it.politica
Titolo: Trump, His Children, and 500+ Potential Conflicts of Interest

Trump, His Children, and 500+ Potential Conflicts of Interest
President-elect Donald Trump's complex holdings place him in an unprecedented position
 
In a bid to steer clear of conflicts of interest during his presidency, President-elect Donald Trump has said his hundreds of businesses would be placed in a trust managed by his adult sons. But ethics experts say the scale of his holdings in the U.S. and around the world, and the close involvement of his children, mean the trust wouldn’t extricate him from all potential conflicts of interest.
Every Holding Is A Potential Conflict of Interest
 
Mr. Trump is at the center of a complex network of business holdings that, according to the May 2016 financial disclosures he filed with the federal government, was made up of more than 500 businesses including hotels, condo towers, golf courses and foreign and domestic licensing deals. His personal connections to such a vast empire eclipse the business interests of any other prominent politician in modern times.
How Trump Does Business
 
Mr. Trump uses a web of LLCs and private entities to house these assets, which can obscure the extent of his holdings. For example, Trump Tower on New York’s Fifth Avenue is owned by Tower Commercial LLC, which is owned in turn by three other entities, all ultimately controlled by Mr. Trump.
Old Post Office
 
Ethics experts have flagged some Trump properties, such as his luxury hotel in a revamped former post office in Washington, D.C., as potential conflicts of interest. Mr. Trump leases the building from the U.S. government. His lease with the government states that an elected official cannot benefit from it. The government’s General Services Administration, which oversees the lease, has said it is reviewing the situation. A representative of Mr. Trump said the president-elect has no conflicts of interest and entered into the lease years before he ran for office.
Putting Assets in a Trust...
 
In an effort to head off these potential conflicts of interest, Mr. Trump has said he would step down from running the Trump Organization, restrict new real estate deals, and transfer his personal stakes in his businesses to a trust.
...Run By His Sons
 
But he would not sell off his assets and put the money in a blind trust run by an impartial third party, as some ethics experts have urged and Mr. Trump’s predecessors have done with their holdings. Instead, Eric and Donald Jr., Mr. Trump’s two adult sons, would run the Trump Organization in his stead. “They’re not going to discuss it with me,” Mr. Trump said on Jan. 11 when he announced the arrangement.
Family Operations
 
At the time of his financial disclosures, individuals identified in the documents only as "Trump Family Members" already controlled portions of at least 30 assets, including the Old Post Office and other real estate ventures. These domestic properties pose a potential conflict of interest because they borrow money from U.S. and foreign banks and are regulated by federal agencies that Trump would oversee, such as the Department of Labor, to make sure they are complying with U.S. laws.
Global Dealings
 
Nearly all of the Trump Organization’s newly announced deals in recent years have come from international licensing arrangements with third-party condo or hotel developers, such as a Trump-branded condo tower in Manila. As part of the trust arrangement, no new foreign deals would take place, according to Trump attorney Sheri Dillon. And any profits made from foreign government officials staying at Mr. Trump’s hotels would be donated to the U.S. Treasury, she said.
International Partners
 
Several of Mr. Trump’s international partners have political ties in their home countries. For example, Mr. Trump’s real estate development partner in the Philippines, Jose Antonio, was named last year a special trade envoy to Washington by Philippine President Rodrigo Duterte, who has had a fraught relationship with the U.S. since taking office last year. Mr. Antonio’s Century Properties has already paid Mr. Trump at least $1 million to $5 million in royalties for the Trump-branded condo tower it is building in Manila.
Opposition to the Trust
 
Of the multiple critics of Mr. Trump’s trust proposal, one of the most vocal and high profile has been Walter Shaub, the director of the U.S. Office of Government Ethics. Mr. Shaub denounced the plan, saying Mr. Trump needs to completely sell off his assets to be clear of all conflicts. Mr. Trump and his representatives contend that the president cannot have a conflict of interest because he is exempt from federal law prohibiting conflicts of interests among federal employees.

 
 
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Scusa e'.
Ma Trump non ha mica quel gonzo di Scintilian come figlio.