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Trump Can Pull Money From His Businesses Whenever He Wants Without Ever Telling Us
There's another thread, but this thread is based on an updated article in ProPublica.
From ProPublica, retweeted by David Fahrenthold:
David Fahrenthold: @Fahrenthold
Update: Trump Org attorney confirmed President Trump can withdraw profits & assets from his trust at any time: http://propub.li/2ozHoeI
Link to tweet
Trump Can Pull Money From His Businesses Whenever He Wants — Without Ever Telling Us
Previously unreported changes to President Trump’s trust documents stipulate that the trust “shall distribute net income or principal to Donald J. Trump at his request.”
by Derek Kravitz and Al Shaw
ProPublica, April 3, 2017, 8 a.m.
Update, April 4, 2017: In an interview with ProPublica, Trump Organization attorney Alan Garten confirmed that President Trump can withdraw profits and underlying assets from his trust at any time.
He also said the president has been able to withdraw money since Trump took office on Jan. 20. That language was not included in a Jan. 26 summary of the trust — what’s known as a trust certification — but was included in a Feb. 10 version of the document.
Asked about the change, Garten said the Trump Organization prepares different versions of the summaries to “highlight different things for different people.”
The full details of the trust are in what’s known as a trust agreement, which Garten said the Trump Organization will not release. He referred further questions about release of the trust agreement to the law firm of Morgan Lewis, which did not respond to a ProPublica request for comment. We have updated the story’s subhead to reflect Garten’s comments.
....
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Derek Kravitz is the research editor at ProPublica.
Derek Kravitz: @derekkravitz
Al Shaw is a news applications developer at ProPublica.
Al Shaw: @A_L
Previously unreported changes to President Trump’s trust documents stipulate that the trust “shall distribute net income or principal to Donald J. Trump at his request.”
by Derek Kravitz and Al Shaw
ProPublica, April 3, 2017, 8 a.m.
Update, April 4, 2017: In an interview with ProPublica, Trump Organization attorney Alan Garten confirmed that President Trump can withdraw profits and underlying assets from his trust at any time.
He also said the president has been able to withdraw money since Trump took office on Jan. 20. That language was not included in a Jan. 26 summary of the trust — what’s known as a trust certification — but was included in a Feb. 10 version of the document.
Asked about the change, Garten said the Trump Organization prepares different versions of the summaries to “highlight different things for different people.”
The full details of the trust are in what’s known as a trust agreement, which Garten said the Trump Organization will not release. He referred further questions about release of the trust agreement to the law firm of Morgan Lewis, which did not respond to a ProPublica request for comment. We have updated the story’s subhead to reflect Garten’s comments.
....
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Derek Kravitz is the research editor at ProPublica.
Derek Kravitz: @derekkravitz
Journalist @ProPublica & instructor @ColumbiaJourn / @WSJ, @AP, @washingtonpost, @Mizzou & @ColumbiaSIPA alum / email: derek.kravitz@propublica.org
· http://derekkravitz.com
Al Shaw is a news applications developer at ProPublica.
Al Shaw: @A_L
developer / designer / reporter at ProPublica (PGP: 3D480CC2)
· https://www.propublica.org/site/author/al_shaw
6 replies
= new reply since forum marked as read
= new reply since forum marked as read
the loans from China & the Russian oligarch banks.. 
