Trump Busted Stealing Millions in Scheme NO ONE Knew
Reuters just busted President Trump for funneling millions in taxpayer dollars into his wallet. Trump is once again breaking the law with a huge conflict of interest.
It turns out that pension funds from seven states are investing millions in an investment fund that invests in the Trump SoHo hotel in New York. This hotel, in turn, is paying one of Trump’s companies to manage the hotel.
As a result, Trump’s management company received $3.1 million over four months. Trump’s taking money from the states while he holds the highest office in the land.
And Trump directly benefits from these payments, since he hasn’t divested his businesses by placing them in a blind trust. Instead, Trump has placed his companies in a trust that’s run by his sons—and he can withdraw that money at any time.
Experts say that Trump is in violation of the emoluments clause of the Constitution. This clause prohibits presidents from receiving money from the states.
But that’s exactly what this payment chain does. Jed Shugerman, a professor of law at Fordham University, elaborated, “If you take a step back and look at this transaction, it’s a payment chain from state pension funds to President Trump.”
The Reuter’s article lays out the payment chain very clearly. Firstly, state pension funds pay out millions of dollars per quarter to CIM fund in New York.
That fund invests in the real estate fund 246 Spring Street LLC. This real estate fund then pays out millions in management and marketing fees to Trump International Hotels Managment LLC.
Trump is the owner of that management company, so he directly benefits from these payments. But right now the Donald J. Trump Revocable Trust controls the management LLC instead of Trump.
Trump’s own sons, however, are running the trust. Trump controls his sons, so who’s really calling the shots?
The real estate fund also pays operating and overhead charges for unsold units in the Trump SoHo hotel, which Trump owns. That’s more money to line Trump’s pockets.
POLL: Is Trump stealing from Americans?
Trump has the states paying his companies through an investment chain.
But the Constitution prohibits presidents from accepting payments from the states.
Is Trump stealing money from state pensions and breaking the law? Share your opinion in our poll below.
Is Trump stealing from Americans?
This whole scenario is a huge conflict of interest. And it’s one that Trump could have avoided if he had just put all his companies in a blind trust.
But Trump wants to use his office to enrich himself. Trump only cares about himself, and the only reason he ran for President was to help his companies make more money.
Trump has committed so many impeachable offenses that it’s hard to keep track of them all. This is just latest in a string of conflicts of interest that Trump is exploiting.
We’ve never had a president with so many large businesses making money for them before. According to Brianne Gorod, chief counsel at the Constitutional Accountability Center, “We’re in largely uncharted territory on that front given that past presidents have gone to great lengths to avoid the kinds of issues we’re now confronting.”
Past presidents were smart enough to take steps to avoid impeachment. But Trump doesn’t care if he breaks the law since he never seems to pay the price.
Congress should put an end to Trump’s shenanigans and impeach him already. Please help spread the word about Trump’s conflicts of interest by sharing this story on Facebook.
Trump Threatened Canada, So They Humiliated Him in Front of the Entire World.
Last week Donald Trump thought it’d be a good idea to threaten Canada with a trade dispute for some godforsaken reason. In response, our neighbors to the north humiliated Trump by saying that don’t need Trump’s crap, now or ever.
It seems like Trump has a way of attacking America’s closest allies, doesn’t he? His latest friendly-fire incident comes as the Orange Tyrant blasted the current dynamics of U.S.-Canada trade.
“I want to end and add by saying that Canada, what they’ve done to our dairy farm workers, is a disgrace. It’s a disgrace,” Trump said. “They’ve outsmarted our politicians for many years, and you people understand that.”
No, we don’t understand why Trump is attacking Canada, but that’s beyond the point. Trump also followed up his diatribe by threatening to renegotiate NAFTA, America’s trade bloc with Canada and Mexico, and to impose a damaging 20% import tariff of Canadian soft lumber.
That’s right, Trump is literally trying to start a trade war with America’s most crucial natural ally. But Canada isn’t going down without swinging, that’s for sure.
Chrystia Freeland, Canada’s Foreign Minister, just threw down the gauntlet when it comes to Trump’s threats. She’s sending the message loud and clear that Trump’s bullying will NOT faze Canada in the least.
“When it comes to defending Canada’s economic interests, we’re going to play hard,” Freeland remarked to CNN. “We’re nice guys: Politeness is something we believe is a national virtue, but it’s not an accident that hockey is our national sport.”
And Freeland’s comments coincided with a bona fide tweetstorm from the official “Canada Trade” Twitter account. The message is clear: we don’t need American trade to prosper, because we have Asia.