Categories for A- Trump Business

27,182. 8/5/2019

TRUMP BUSINESS/VENEZUELA: “Years before President Donald Trump embarked on a campaign to oust Venezuelan leader Nicolás Maduro, the real estate mogul’s business was selling condominiums to the strongman’s supporters. At least half a dozen Venezuelans linked to either Maduro or his predecessor, dictator Hugo Chávez, purchased Trump condos in New York City and South Florida prior to Trump becoming president, according to property records. Several of the individuals faced serious allegations of — and even pleaded guilty to — the type of financial fraud in Venezuela that Trump now regularly decries. While the sales themselves weren’t illegal, the buyers’ backgrounds and purchase methods made the transactions suspicious, according to financial fraud experts. They noted that many of the purchases were made above the apparent market value, fully in cash or using shell companies to obscure identities — all potential signs of money laundering, the experts said.”

Anita Kumar, “Real estate mogul Trump sold condos to regime-connected Venezuelans,” Politico, August 5, 2019 5:15 am

27,128. 8/1/2019

LEGAL/NEW YORK/TRUMP BUSINESS/WOMEN: “The Manhattan District Attorney’s Office sent subpoenas to the Trump Organization and American Media Inc. on Thursday as part of an investigation into the hush money paid to two women who alleged affairs with President Donald Trump. The subpoena to the Trump Organization is seeking communications between the company and representatives for Stormy Daniels and Karen McDougal, the women who alleged they had affairs with Trump more than a decade ago, according to a person familiar with the matter. AMI also received a subpoena, according to a second person. Prosecutors are looking into whether the Trump Organization filed any false business records in how it accounted for the reimbursement of the payments to Michael Cohen, a source familiar with the matter told CNN. Marc L. Mukasey, attorney for the Trump Organization, said on Thursday, ‘This is a political hit job. It’s just harassment of the President, his family and his business, using subpoenas and leaks as weapons. We will respond as appropriate.’ AMI did not comment on its subpoena from the Manhattan DA’s office.”

Kara Scannell, “Manhattan DA subpoenas Trump Organization and AMI in Stormy Daniels hush money investigation,” CNN Politics, CNN.com, August 1, 2019 10:19 pm

27,100. 8/1/2019

LEGAL/NEW YORK/TRUMP BUSINESS/WOMEN: “State prosecutors in Manhattan subpoenaed President Trump’s family business on Thursday [8-1-19], reviving an investigation into the company’s role in hush-money payments made during the 2016 presidential campaign, according to people briefed on the matter. The subpoena, issued by the Manhattan district attorney’s office, demanded the Trump Organization provide documents related to money that had been used to buy the silence of Stormy Daniels, a pornographic film actress who said she had an affair with Mr. Trump. The inquiry from the district attorney’s office, which is in early stages, is examining whether any senior executives at the company filed false business records about the hush money, which would be a state crime, the people said…The investigation will focus on a $130,000 payment Michael D. Cohen, the president’s lawyer and fixer at the time, gave Ms. Daniels. Mr. Cohen also helped arrange for a tabloid media company to pay the Playboy model Karen McDougal, a second woman who said she had had an affair with the president.”

Ben Protess and William K. Rashbaum, “Manhattan D.A. Subpoenas Trump Organization Over Stormy Daniels Hush Money,” The New York Times online, August 1, 2019

26,688. 7/18/2019

AFRICAN AMERICANS/RACISM/TRUMP AS PRESIDENT/TRUMP BUSINESS: “In October of 1973, the federal government charged the Trump Management Corporation with discrimination against African Americans seeking apartments in the 39 buildings the firm operated, most of them in Brooklyn and Queens. A short time out of Wharton, the company’s then president, Donald J. Trump, quickly denied the charges as ‘absolutely ridiculous.’ Between 1970 and 1980, New York City experienced its most significant population decline since the 1780s, but while population fell overall, the number of minorities living in the city grew. This was especially true in Brooklyn; in 1970 blacks made up a quarter of the population and by 1980 they made up nearly a third. For some white families who didn’t flee the city, a sense that the territory they occupied was theirs and theirs alone bred a siege mentality…It is this place that the president comes from essentially — a time, a part of the world and a mind-set in which access to certain kinds of power, comfort and rights of assertion was not to be universally shared.”

Ginia Bellafante, “The N.Y.C. Roots of Trump and ‘Go Back Where You Came From’,” The New York Times online, July 18, 2019

26,443. 7/11/2019

TRUMP BUSINESS: “….And remember, a bank that I did use years ago, the now badly written about and maligned Deutsche Bank, was then one of the largest and most prestigious banks in the world! They wanted my business, and so did many others!” 

Donald Trump, Twitter.com, July 11, 2019 6:45 am

26,421. 7/10/2019

COURTS/LAWSUIT/TRUMP AS PRESIDENT/TRUMP BUSINESS: “A federal appeals court panel has unanimously thrown out a lawsuit accusing President Donald Trump of violating the Constitution by continuing to do business with foreign and state governments while serving as president. The 4th Circuit Court of Appeals ruled that the State of Maryland and the District of Columbia — who joined together to file the suit against Trump in 2017 — lacked legal standing to object to his alleged violations of the Constitution’s clauses prohibiting receipt of so-called ‘emoluments’ while in office. Writing for the court, Judge Paul Niemeyer concluded that the case turned on unduly speculative claims that the Washington, D.C. and Maryland governments were being harmed by people favoring Trump’s D.C. hotel in order to curry favor with him. ‘The District and Maryland’s theory of proprietary harm hinges on the conclusion that government customers are patronizing the Hotel because the Hotel distributes profits or dividends to the President, rather than due to any of the Hotel’s other characteristics,’ Niemeyer wrote.”

Josh Gerstein, “Appeals court tosses emoluments suit against Trump,” Politico, July 10, 2019 1:24 pm

26,301. 7/5/2019

CITIZENSHIP/DHS/IMMIGRATION/TRUMP BUSINESS: “After months of silence, President Trump responded on Friday [7-5-19] to reports that the Trump Organization has employed dozens of undocumented immigrants by saying that he doesn’t know whether the organization does or not…The New York Times first reported in December that Victorina Morales, a Guatemalan undocumented immigrant, and several others living in the country unlawfully, had been employed at Trump National Golf Club in Bedminster, N.J., where Mr. Trump was heading on Friday. Many undocumented workers at other Trump properties, including resorts in Philadelphia, Westchester County, N.Y., and Jupiter, Fla., have come forward since then and said they were also employed using phony Social Security numbers and green cards. After the revelations, the Trump Organization said that it had begun to use E-Verify, an electronic verification system that checks documents provided by new hires against Social Security Administration and Department of Homeland Security records to identify fakes, at all properties.”

Nicholas Bogel-Burroughs and Miriam Jordan, “‘I Don’t Run It’: Trump Responds to Reports of Undocumented Workers at His Properties,” The New York Times online, July 5, 2019

26,205. 7/2/2019

CHINA/ECONOMY/JAPAN/TARIFFS/TRUMP AS PRESIDENT/TRUMP BUSINESS: “A top Chinese leader made an unusually public effort on Tuesday [7-2-19] to ease trade tensions somewhat with the United States, woo foreign investors and reassure his own country’s citizens that their economy remained on track. In meetings during the World Economic Forum in the Chinese port city of Dalian, Premier Li Keqiang, China’s No. 2 official, promised to cut tariffs, loosen limits on foreign investment, protect intellectual property and allow foreign companies to apply for China’s generous subsidies for research and development. He made many of those comments in a rare question-and-answer session in the afternoon with executives from Japan, the United States and other countries. He also said that China would allow foreign financial services companies into its market a year earlier than previously promised, and that it would rewrite many rules on foreign investment.”

Keith Bradsher, “Li Keqiang, Chinese Premier, Reaches Out to Trump and Business,” The New York Times online, July 2, 2019

26,180. 7/1/2019

ETHICS/SOUTH KOREA/TRUMP BUSINESS: “While visiting South Korea over the weekend, President Donald Trump tried to strike a deal with President Moon Jae-in to get more companies to invest in the United States. But even as he pushed American interests, a partner of Trump’s namesake company is aggressively expanding plans to build luxury Trump-branded resorts in Indonesia — and the project involves a construction company partly owned by the South Korean government. It’s not clear whether Trump brought up the Indonesia projects during his talks with Moon. But the meeting represented the latest example of the blurred lines between Trump’s official diplomatic work and his business interests. The expansion of the project that now has the South Korean government attached to it seems to run afoul — at least in spirit — of Trump’s pledge that the Trump Organization will not enter into any new foreign deals while in office. The project in question got more complicated, ethics-wise, when the developer of a Trump luxury resort signed a previously unreported $120 million contract last September with a construction company — partly owned by the South Korean government — to build a six-star hotel, an 18-hole golf course and theme park that has been compared to Disney World.”

Anita Kumar, “Trump’s foreign luxury resorts collide with his South Korea diplomacy,” Politico, July 1, 2019 4:31 pm

26,178. 7/1/2019

LAWSUIT/NEW YORK/TRUMP BUSINESS: “President Donald Trump on Monday [7-1-19] accused New York Gov. Andrew Cuomo of deploying Attorney General Tish James as a ‘bludgeoning tool’ in a politically motivated legal campaign against Trump-branded businesses in the state…James was elected New York’s top law enforcement official in November 2018 after former Attorney General Eric Schneiderman, a frequent antagonist of the Trump administration, resigned in May 2018 amid allegations of physical abuse by several women. The Trump Foundation was forced to shut down in December 2018 and divvy up its remaining funds to various nonprofit groups under an agreement with acting Attorney General Barbara Underwood, who was appointed to carry out the remainder of Schneiderman’s term. The dissolution of the president’s personal charity followed an investigation Schneiderman first launched in September 2016 and a subsequent lawsuit brought by the attorney general’s office in June 2018, alleging that Trump and his children improperly benefited personally and politically from the organization.”

Quint Forgey, “Trump accuses New York of harassing his businesses,” Politico, July 1, 2019 1:34 pm

26,170. 7/1/2019

INVESTIGATIONS/TRUMP BUSINESS: “That’s right, The Trump Foundation gave away 100% plus, with Zero rent or expenses charged, and has been being sued by Cuomo and New York State for years – another part of the political Witch Hunt. Just in case anyone is interested – Clinton Foundation never even looked at!”

Donald Trump, Twitter.com, July 1, 2019 11:37 am

26,169. 7/1/2019

HILLARY CLINTON/TRUMP BUSINESS: “….more money than it had. Going on for years, originally brought by Crooked Hillary’s Campaign Chair, A.G. Eric Schneiderman, until forced to resign for abuse against women. They never even looked at the disgusting Clinton Foundation. Now Cuomo’s A.G. is harassing all of my….” 

Donald Trump, Twitter.com, July 1, 2019 11:10 am

26,023. 6/25/2019

BUSINESS/CHILE/TRUMP AS PRESIDENT/TRUMP BUSINESS: “A Chilean mining company whose owner has business ties to President Donald Trump’s daughter Ivanka Trump and his son-in-law Jared Kushner was able to clear significant ‘roadblocks’ in the early days of the Trump administration in order to reverse Obama-era restrictions that prevented it from mining near protected land in Minnesota, The New York Times reported Monday. The Times, citing government emails and calendars it reviewed, said the Trump administration worked in early 2017 with the mining company, Antofagasta, in order to clear certain hurdles so the company could operate a copper mine near the Boundary Waters, ‘a vast landscape of federally protected lakes and forests along (Minnesota’s) border with Canada.’ According to the paper, the newly granted access to the mines has drawn criticism ‘because of an unusual connection’ between Andrónico Luksic, whose family owns the mining company, and Trump and Kushner, who serve as senior advisers to the President and rent their Washington, DC, home from Luksic for $15,000 a month.”

Devan Cole, “NYT: Ivanka Trump, Kushner have ‘unusual connection’ with Chilean company owner that worked with administration to secure mining lease,” CNN Politics, CNN.com, June 25, 2019 10:42 pm

26,010. 6/25/2019

COURTS/DEMS/LAWSUIT/TRUMP BUSINESS: “A federal judge on Tuesday [6-25-19] refused to put on hold a lawsuit by about 200 Democratic lawmakers accusing President Donald Trump of violating an anti-corruption provision of the U.S. Constitution with his private business dealings, a move that clears the way for them to seek some of his financial records. U.S. District Judge Emmet Sullivan rejected a request by Trump administration lawyers to halt the case and let them file an expedited appeal of key preliminary rulings he issued against the president. Sullivan said an immediate appeal would not be efficient. The lawsuit is one of two brought against Trump accusing him of violating the so-called emoluments clause of the Constitution, which bans U.S. officials from accepting gifts or payments from foreign governments without congressional consent. The other was brought by the Democratic attorneys general of Maryland and the District of Columbia.”

Jan Wolfe, “Trump loses bid to halt Democratic lawsuit over foreign payments,” Reuters, June 25, 2019 12:18 pm

25,992. 6/25/2019

BUSINESS/CHILE/ENVIRONMENT/TRUMP AS PRESIDENT/TRUMP BUSINESS: “In the waning months of the Obama administration, a Chilean conglomerate was losing a fight with the United States government over a copper mine that it wanted to build near a pristine wilderness area in Minnesota. The election of President Trump, with his business-friendly bent, turned out to be a game-changer for the project. Beginning in the early weeks of Mr. Trump’s presidency, the administration worked at a high level to remove roadblocks to the proposed mine, government emails and calendars show, overruling concerns that it could harm the Boundary Waters, a vast landscape of federally protected lakes and forests along the border with Canada. Executives with the mining company, Antofagasta, discussed the project with senior administration officials, including the White House’s top energy adviser, the emails show. Even before an interior secretary was appointed to the new administration, the department moved to re-examine leases critical to the mine, eventually restoring those that the Obama administration had declined to renew.”

Hiroko Tabuchi and Steve Eder, “A Plan to Mine the Minnesota Wilderness Hit a Dead End. Then Trump Became President.,” The New York Times online, June 25, 2019

25,920. 6/21/2019

HOUSE OF REPS/INVESTIGATIONS/TRUMP BUSINESS/TRUMP PEOPLE: “Felix H. Sater, a former business associate of President Trump’s, failed to show up on Friday [6-21-19] to an interview with House investigators meant to explore his work on a proposed Trump real estate project in Moscow. He will now face a congressional subpoena. Mr. Sater had voluntarily agreed to appear privately before the House Intelligence Committee and touted his cooperation to news outlets in recent days, pledging to ‘answer every question without exception.’ His testimony was expected to inform the Democrat-led panel’s continuing investigation into whether Russia or other foreign powers have publicly unknown leverage — financial or otherwise — over Mr. Trump or his associates. But on Friday morning, after committee staff had already gathered in the Capitol, Mr. Sater’s lawyer, Robert S. Wolf, said that he was unable to attend ‘due to health reasons,’ but was willing to reschedule. The abrupt change displeased Representative Adam B. Schiff, Democrat of California and the committee’s chairman. He said a subpoena compelling Mr. Sater’s appearance was ‘fairly imminent.’”

Nicholas Fandos, “Felix Sater, Trump Associate, Skips House Hearing and Now Faces a Subpoena,” The New York Times online, June 21, 2019

25,875. 6/19/2019

HOUSE OF REPS/INTELLIGENCE/RUSSIA/TRUMP BUSINESS/TRUMP PEOPLE: “Felix Sater, the Russian-born business associate of President Donald Trump who worked on the Moscow Trump Tower project, told CNN Wednesday [6-19-19] he will testify before the House Intelligence Committee on Friday [6-21-19]. Sater’s testimony, which will be behind closed doors, is a sign that the House Intelligence Committee is ramping back up its investigation into the President’s finances and potential foreign influence. House Intelligence Chairman Adam Schiff confirmed that Sater was coming for a staff-led interview, and said Sater was one of several witnesses the committee would bring in connected to the Trump Tower Moscow project…Sater had been scheduled to appear publicly before the committee in March, but Schiff postponed that hearing after special counsel Robert Mueller finished his report. The House Judiciary Committee also postponed a closed-door interview with Sater that has not been rescheduled. Schiff said at the time that Democrats had to focus on obtaining the full Mueller report and evidence, but now the California Democrat and other committee leaders investigating the President have turned back to their own probes.”

Jeremy Herb and Cristina Alesci, “Trump associate who worked on Moscow Trump Tower project to testify before House Intelligence Committee,” CNN Politics, CNN.com, June 19, 2019 6:37 pm

25,738. 6/14/2019

BUSINESS/IVANKA/JARED KUSHNER/TRUMP BUSINESS: “In their second year of government service, Ivanka Trump and Jared Kushner reported income from their companies and investments of as much as $135 million, according to their annual financial disclosure reports made public on Friday [6-14-19]. All told, the couple’s real estate holdings and other investments were worth as much as $786 million, down slightly from 2017. Their total annual income was between $29 million and $135 million, a range that was lower than what they reported in 2017. Mr. Kushner’s partial ownership of his family-run real estate business, Kushner Companies, has drawn criticism from ethics experts, particularly as the firm has solicited investments from foreign sources, including in the Middle East, where Mr. Kushner is a top White House liaison. Although Mr. Kushner held on to the bulk of his stake in the company, which he once ran, he sold some of his assets to a trust controlled by his mother. One of those divested assets was his share in Kushner Companies’ flagship property at 666 Fifth Avenue in Manhattan.”

Jesse Drucker and Agustin Armendariz, “Ivanka Trump and Jared Kushner Report Up to $135 Million in 2018 Income,” The New York Times online, June 14, 2019

25,734. 6/14/2019

LEGAL/TRUMP BUSINESS: “Washington’s Alcoholic Beverage Control Board opened the door this week to hearing a challenge to President Donald Trump’s liquor license at his Washington hotel over claims that he doesn’t meet the city’s ‘good character’ requirements. The board on Wednesday issued an order denying the Trump International Hotel’s motion to dismiss a ‘protest’ from a group consisting of an attorney, two former judges and a handful of religious leaders who assert that Trump is not of ‘good character’ and therefore should not be able to sell alcoholic beverages in Washington. The group is citing a DC regulation that says a liquor license owner must be ‘of good character and generally fit for the responsibilities of licensure.’ Trump, they say, remains an owner of the hotel, though he has handed over day to day management to his sons while in office. Wednesday’s decision is a victory for the group, whose earlier protest against the hotel was rebuffed by the board last year when the panel said that objections to liquor licenses can only be submitted when a license is up for renewal.”

Devan Cole, “DC may review Trump hotel’s liquor license over challenge to President’s ‘good character’,” CNN Politics, CNN.com, June 14, 2019 7:23 pm

25,476. 6/6/2019

GOLF/IRELAND/TRUMP BUSINESS: “Donald Trump is on a global tour of his own businesses — and it’s putting more money in his bank account. On Wednesday [6-5-19], the president traveled to his luxury resort on Ireland’s west coast for a visit that will bring world-wide publicity and increased security to the location, and, if past trends hold, more revenue. Revenue increased in 2018 at many of the Trump developments that he visited that year, according to Trump’s most recent personal financial disclosure forms. There’s Trump International Hotel in Washington, D.C., where he dines on steak dinners; Trump National Golf Club in Virginia, where he spends his weekends; and Trump National Golf Club in New Jersey, where he vacations over the summer. And revenue increased by $3.1 million at Trump Turnberry, the resort on the Scottish coast he visited in July 2018, according to the documents. It’s difficult to know the exact reason for the boost — and increased revenue doesn’t always equal an overall profit — but some see a link between Trump’s presence and revenue.”

Anita Kumar, “Trump resort revenue has gone up after presidential visits,” Politico, June 6, 2019 5:02 am

25,214. 5/22/2019

FBI/MICHAEL COHEN/RUSSIA INVESTIGATION/TRUMP AS PRESIDENT/TRUMP BUSINESS: “Michael Cohen, President Donald Trump’s longtime lawyer, was in constant contact with — and received thousands of dollars from — a Russia-linked firm starting on Election Day in 2016, newly unsealed court documents show. The transactions soon caught the attention of investigators, as the FBI zeroed in on what it considered to be suspicious emails and bank transfers from Cohen’s accounts — including his Trump Organization email account. With special counsel Robert Mueller’s investigation in full swing, authorities filed a series of search warrants between July and November 2017 to investigate whether the exchanges violated foreign agent laws and constituted wire fraud and money laundering. The search warrants were unsealed as part of a case brought by several media organizations, including POLITICO. Much of what the warrants reveal has already been well-documented — Cohen is now serving three years in prison for making false statements to Congress, as well as tax and bank fraud. But the warrants document how focused agents with Mueller’s team were in the early stages of its investigation on tracking the foreign entanglements of Trump’s most loyal fixer.”

Natasha Bertrand, “FBI search warrants detail Michael Cohen Russia ties” Politico, May 22, 2019 3:58 pm

25,179. 5/22/2019

COURTS/DEMS/LEGAL/TRUMP BUSINESS: “For three years, Donald J. Trump has treated the details of his personal and business finances as a closely guarded secret. On Wednesday [5-22-19], those secrets moved two steps closer to becoming public. A federal judge in Manhattan ruled against a request from President Trump to block his longtime lender, Deutsche Bank, from complying with congressional subpoenas seeking his detailed financial records. In Albany, New York lawmakers approved a bill that would allow Congress to obtain Mr. Trump’s state tax returns. Those actions came two days after a federal judge in Washington ruled against Mr. Trump’s bid to quash another congressional subpoena to get his accounting firm to hand over his tax returns and other financial documents. The court rulings and the New York legislation represent the most serious attempts to pierce the veil that surrounds Mr. Trump’s finances. They increase the odds that congressional Democrats, who have become more vocal in their calls to undertake impeachment proceedings against the president, could enter such a fray with ample ammunition about Mr. Trump’s business dealings.”

Emily Flitter, Jesse McKinley, David Enrich and Nicholas Fandos, “Trump’s Financial Secrets Move Closer to Disclosure,” The New York Times online, May 22, 2019

25,143. 5/21/2019

CONGRESS/COURTS/HOUSE OF REPS/TRUMP BUSINESS: “U.S. President Donald Trump on Tuesday [5-21-19] appealed a federal judge’s ruling against his attempt to block a House of Representatives committee from seeking his financial records, according to a court filing. Lawyers for Trump and his company filed the appeal in U.S. District Court for the District of Columbia one day after a U.S. district judge backed the House Oversight Committee’s subpoena for Trump’s financial records from his accounting firm Mazars LLP. The lower court’s decision on Monday [5-20-19] handed an early setback for the Republican president in his legal battle with congressional Democrats as lawmakers investigate various aspects of his administration. The House Oversight Committee has said it needs Trump’s financial records to examine whether he has conflicts of interest or broke the law by not disentangling himself from his business holdings, as previous presidents did. Trump’s lawyers argue the panel’s demand exceeded Congress’s constitutional limits. Mazars has said it will comply with its legal obligations but has taken no sides as the case plays out in court.”

Doina Chiacu and Susan Heavey, “Trump appeals ruling allowing Congress to see his financial records,” Reuters, May 21, 2019 7:09 am

25,132. 5/20/2019

COURTS/DEMS/LEGAL/TRUMP BUSINESS: “President Trump’s accounting firm must turn over his financial records to Congress, a Federal District Court judge ruled on Monday [5-20-19], rejecting his legal team’s argument that lawmakers had no legitimate power to subpoena the files. But Mr. Trump vowed that his legal team would appeal rather than permit the firm, Mazars USA, to comply with the subpoena and the ruling, so the legal fight is far from over. The ruling by the judge, Amit P. Mehta of the United States District Court for the District of Columbia, was an early judicial test of the president’s vow to systematically stonewall ‘all’ subpoenas by House Democrats, stymieing their ability to perform oversight of Mr. Trump and the executive branch after winning control of the chamber in last year’s midterm elections. Mr. Trump’s legal team, led by William S. Consovoy, had argued that the House Committee on Oversight and Reform had no legitimate legislative purpose in seeking Mr. Trump’s financial records and was just trying to dig up dirt — like finding out whether the president broke any laws — for political reasons, so the subpoena exceeded its constitutional authority.”

Charlie Savage, “Accountants Must Turn Over Trump’s Financial Records, Lower-Court Judge Rules,” The New York Times online, May 20, 2019

25,120. 5/20/2019

MEDIA/TRUMP BUSINESS: “….fashioned, but true. When you don’t need or want money, you don’t need or want banks. Banks have always been available to me, they want to make money. Fake Media only says this to disparage, and always uses unnamed sources (because their sources don’t even exist)……”

Donald Trump, Twitter.com, May 20, 2019 6:20 am