US fund manager fires lawyers for handing Donald Trump 'an unprecedented invitation to corruption'

Source: Independent








Morgan, Lewis & Bockius said the President's son could run his father’s multi-billion dollar organisation and this would not be a conflict




......................In a letter sent late last week, the investment company's chairman, H Scott Wallace, said that Morgan Lewis partner Sheri Dillon had handed the president “an unprecedented invitation to corruption and an assault on our democracy".


Mr Trump’s business operations, which include a global network of hotels, casinos, resorts and other properties, have been put into a trust, run by his son, Eric. The former Apprentice host has said this means that they are effectively separated from him and present no conflict.

Mr Wallace strongly disagrees. The arrangement presents merely the “illusion” of protection and “the idea of a “trust” run by Trump’s sons is a fig leaf”, he said, adding that it was “painfully obvious that Trump is using his office for personal gain”.

Mr Wallace also pointed out that the trust had been found to be “meaningless” by the Director of the Office of Government Ethics, and “absurd” and “wholly deficient” as well as a reason to impeach the president, by US research group the Brookings Institution.


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“Americans deserve a president of undivided loyalty,” Mr Wallace wrote. “Your firm has denied them that. We cannot be complicit in that.”..........................

Read more: http://www.independent.co.uk/news/business/news/wallace-global-fund-donald-trump-us-fund-manager-fires-law-firm-morgan-lewis-bockius-conflict-of-a7663991.html