Politico
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TIME - Top Stories
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The Economic Times
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Politico
6 months
Lawyers for President Donald Trump said a 10-year review of his tax returns show no income, debt or equity investments tied to Russia, “With a few exceptions.” The exceptions included $12.2 million of foreign income in 2013, “a substantial portion” of which came from the Miss Universe pageant in Moscow; and the 2008 sale of an estate in Florida “to a Russian billionaire for $95 million,” more than double what Trump had paid for it three years earlier. In addition, the March 8 letter, obtained by POLITICO from the White House, said, “over the years it is likely that TTO [The Trump Organization] or third-party entities engaged in ordinary course sales of goods or services to Russians or Russian entities….” “With respect to this last exception, the amounts are immaterial,” the letter from Morgan Lewis tax partners Sheri A. Dillon and William F. Nelson said.
Sputnik International
6 months
The Huffington Post
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The Huffington Post
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Politico
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Last month, a Trump Organization spokeswoman offered some initial details on that plan, which would include following “hospitality industry standards” to calculate the profits that would go toward the donation. But Chaffetz and Maryland Democratic Rep. Elijah Cummings want more specifics. Their letter to Sheri Dillon, an outside counsel to the Trump Organization, presses for written answers by May 12, as well as a briefing within another week, that outlines the exact process the president’s company will take to identify the foreign government payments, as well as details on the formula it will use to figure out the profits. The lawmakers also want to know how the profits will be given to the Treasury and what approach the company will use to publicly reveal the donations. They further asked which Trump Organization entities – from its hotels to its golf courses, luxury condos and licensing deals -- will be donating the profits.
The Sun Daily
5 months
Don Jr, 38, and Eric, 32, are Trump's eldest sons from his first marriage. They are currently executive vice presidents in the Trump Organisation. Trump's personal lawyer Sheri Dillon promised that the new president would "build in protections" to show that his actions "are for their benefit and not to support his financial interests". — AFP
Politico
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Under federal law, Trump's next financial disclosure form is not required to be filed until May 2018. Unlike other major presidential candidates for the past several decades, Trump has declined to make his tax returns public, although portions of a couple returns have turned up in the press. White House spokespeople did not respond to a request for comment on the suit. A private Trump attorney, Sheri Dillon, referred a request for comment to the Trump Organization, which declined to comment. Lovitky primarily litigates health care financing disputes, but also pursues civil rights cases from time to time. Asked why he is pressing the issue about Trump's financial disclosures, the attorney said: It's mostly the fact that with this president there are very serious concerns about conflicts of interest in this particular administration and I think it’s important that those concerns be addressed thoroughly.
The Huffington Post
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The Kuwaiti government could owe up to $60,000 to President Donald Trumps hotel in Washington for a party, testing Trumps promise to turn over profits from such events to the U.S. Treasury. The Kuwait Embassy hosted an event on Wednesday to mark the countrys National Day, according to a hotel spokeswoman and an invitation for the event. Similar celebrations at the Trump International Hotel for a crowd of several hundred can run from $40,000 to $60,000, according to cost estimates from the hotel seen by Reuters. The hotel declined to comment on the figures. To highlight the possible perks of a party booked at Trumps hotel, the president himself stopped by Saturday night to glad-hand diners. One of Trumps lawyers, Sheri Dillon, pledged at a Jan. 11 press conference to donate any Trump Hotel profits from foreign governments to the U.
The Huffington Post
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Sajwani said it was the first new golf course to open in the city in many years. Trump has been criticized for not distancing himself enough from his family business, the Trump Organization, since he was elected president in November. DAMAC pays a licensing fee to the Trump Organization to use the Trump brand. Last month, before the inauguration, Trump announced that he would maintain ownership of his global business empire but had handed control to Donald Jr. and Eric while he is president. The Trump organization would not enter into any new overseas deals while he is president, Trump adviser Sheri Dillon has said. (Reporting by Alexander Cornwell and William Maclean; Editing by Adrian Croft) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Politico
4 months
Bush’s ethics lawyer. The Trump lawyer who developed the plan, Sheri Dillon at the firm Morgan Lewis, disputed that interpretation. “The so-called Emoluments Clause has never been interpreted, however, to apply to fair value exchanges that have absolutely nothing to do with an office holder,” Dillon said on Jan. 11. “Paying for a hotel room is not a gift or a present, and has nothing to do with an office. It is not an emolument.” But either way, the Trump Organization has offered no indication of how it will identify all foreign emoluments, how it will calculate profits, and when it will make the donations to the U.S. Treasury. The watchdog group led by Eisen and Painter, Citizens for Responsibility and Ethics in Washington, has already sued Trump in federal court for allegedly violating the Emoluments Clause within days of his inauguration. Legal experts are dubious of the lawsuit’s chances because the organization may not be able to prove how it’s injured.
Politico
4 months
White House spokeswoman Kelly Love and ethics counsel Stefan Passantino didnt answer requests for comment. Neither did an aide to Sheri Dillon, Trump’s lawyer at Morgan Lewis who developed his conflicts-of-interest measures. Ivanka Trump isnt the only offspring whose business endeavors are creating controversy. People familiar with the matter say the two sons, Eric and Don Jr., actively want to grow the family's business and are exploring new opportunities, one person said. Trump handed off management of the Trump Organization’s day-to-day operations to the two of them. Eric, in particular has taken a very aggressive position, this person said. The two sons have also taken little care to steer clear of the White House. They both showed up for Trump’s announcement of Judge Neil Gorsuch as him Supreme Court nominee, and chatted with senators and Trump aides before heading back to New York.
Voice Of America
2 months
Sheri Dillon, Trump’s tax lawyer, said last month that an agreement with Trump’s trust limits the information the president can access about his company. The Times, which says the Trump Organization declined to comment on its article, says the information about Trump’s trust was obtained through a Freedom of Information Act request by ProPublica. The Trump Organization has released a list of hundreds of companies Trump has been involved with, and says he has resigned from all of them. The Trump Organization has also said it will not pursue any overseas business deals, but plans to expand within the U.S. Washington hotel On another issues, the Times article says the president will benefit from his arrangement with the federal government for the Old Post Office Building, which houses his Trump International Hotel. The lease for the building, the Times says, signed by Trump and his three oldest childrenappears to prohibit a federally elected official, including the president, from benefiting from it.
Politico
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She cited the potential for conflicts of interest when installing an ethics adviser in Trump’s company, rejecting calls for him to divest from the company, and donating profits from foreign governments. In sum, I and president-elect’s other advisers at Morgan Lewis have determined the approach we’ve outlined today will avoid potential conflicts of interests or concerns regarding exploitation of the office of the presidency without imposing unnecessary and unreasonable loses on the president-elect and his family,” the lawyer, Sheri Dillon, said on Jan. 11.
Politico
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The Huffington Post
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The Huffington Post
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And despite the efforts of Trumps tax attorney, Sheri Dillon who this week said that Trump would give away the profits (after expenses) his hotels made from foreign governments ― big concerns remain about foreign money flowing through Trumps resorts. All the attention this week to Trumps plan for avoiding profiting from foreign delegations at his hotels only served to distract from the real news that came out of his press conference on Wednesday: Trump is not planning to do anything to keep foreign influence from flowing into the other 500-plus companies he owns. Heres the thing: The Trump Organization is not one, single corporate entity that can be said to be Trump Inc. Instead, the president-elects business empire is made up of hundreds of individual LLCs , each housing assets that range from a high-rise in Uruguay to a helicopter in Manhattan.
Politico
6 months
Trump’s lawyer who worked on the plan, Sheri Dillon with the firm Morgan Lewis, did not specify who the trust’s beneficiary is, or whether Trump still technically owns the assets in the trust, or whether he can retake the holdings when he leaves office. But it’s clear that Trump is maintaining a financial interest in the Trump Organization, which means he could still enrich himself through official actions that benefit the company. “This is not a blind trust — it’s not even close,” Shaub said. “The only thing it has in common with a blind trust is the labeltrust.’” Trump’s plan does nothing to prevent him from profiting off the presidency, ethics experts said Wednesday. “Having Trump’s adult children lead the operational control of his business, while he still retains full ownership, is not an acceptable solution,” Trevor Potter, president of the Campaign Legal Center and a former campaign lawyer to John McCain, said in a statement.
Politico
6 months
Even though numerous ethics experts, Republicans and Democrats alike, have called explicitly for Trump to adhere to the norms of the Oval Office and sell his business or establish a blind trust, his attorney issued a lengthy statement about why he wouldnt be doing that, and why it wasnt necessary, or even possible. “President-elect Trump,” Sheri Dillon said, “should not be expected to destroy the company he built.” But in interviews with POLITICO this week, people who have known, worked for and watched Trump closely for decades offered a different perspective, and one with potentially profound implications for his presidency. The reason, they said, is much simpler. He can’t let go. “I think he’s incapable of seeing himself as anything other than the CEO of his company, said Trump biographer Wayne Barrett, who started writing about him in 1979 with a two-part investigation in the Village Voice .
The Economic Times
6 months
" Trump clashed openly with CNN's correspondent, telling him: "You are fake news." But he reserved his harshest words for BuzzFeed, which published the unverified 35-page report in full: "As far as BuzzFeed, which is a failing pile of garbage, writing it, I think they're going to suffer the consequences." A key issue in the report, which, although pressed by reporters, Trump avoided answering. A big question since his election has been, how will Trump handle his huge real estate business while president. On Wednesday came the definitive answer: Trump said he had signed documents "turning over complete and total control to my sons," Don Jr and Eric. The actions "will sever President-elect Trump's presidency from the Trump Organization," said his attorney, Sheri Dillon. She said the business would strike no foreign deals during Trump's mandate. Trump, as key shareholder, will only receive an annual report on the operation.
The Huffington Post
6 months
It suggests sordid chaos at the highest levels. It feels like end-state, social decay, late-stage-empire stuff. It's Caligula-in-the-corner-office stuff. But there's something more important going on, and you don't need unsourced reports to see it. It was hiding in plain sight when, in a bizarre intermezzo, Trump interrupted his own press conference for a legal presentation from the Washington law firm of Morgan, Lewis & Bockius LLP. People joked about attorney Sheri Dillon's flat affect and boring speaking style. But it was Dillon, not Trump, who provided the day's biggest shock. If her dullness of tone helped camouflage it, that may not have been an accident. It was Dillon who outlined Trump's plan for managing his businesses while he's in the Oval Office. If that plan doesn't amount to premeditated corruption, it certainly paves the way for it.
TYT YouTube
6 months
Donald Trump is refusing to fully divest from his companies. Ana Kasparian and John Iadarola, hosts of The Young Turks, break down Trump’s many conflicts of interest. Tell us what you think in the comment section below. https://www.tytnetwork.com/go “Donald Trump has outlined how he will aim to avoid any conflicts of interest when he steps into the White House. His lawyer, Sheri Dillon of Morgan Lewis, told reporters that he will resign from the Trump Organisation and hand over management to his sons, Don Jr and Eric. His daughter, Ivanka Trump, will also resign from the family company and move with her husband, Jared Kushner, and her children to Washington DC. The Trump Organisation will not carry out any foreign deals, the lawyer said, and for any new transactions, his sons will ask for written approval from an ethics adviser.” Read more here: http://www.