New York Times: “While the president says he has walked away from the day-to-day operations of his business, two people close to him are the named trustees and have broad legal authority over his assets: his eldest son, Donald Jr., and Allen H. Weisselberg, the Trump Organization’s chief financial officer. Mr. Trump, who will receive reports on any profit, or loss, on his company as a whole, can revoke their authority at any time.”
“What’s more, the purpose of the Donald J. Trump Revocable Trust is to hold assets for the ‘exclusive benefit’ of the president. This trust remains under Mr. Trump’s Social Security number, at least as far as federal taxes are concerned.”
“While the trust structure, outlined in documents made public through a Freedom of Information Act request by ProPublica, may give the president the appearance of distance from his business, it drew sharp criticism from experts in government ethics.”
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