President Donald Trump’s ties to his business empire are still tight — and still raise conflict-of-interest concerns, critics charged Saturday.
Trump has placed his business operations in a trust controlled by son Donald Jr. and Trump Organization CFO Allen H. Weisselberg, according to documents obtained by ProPublica and reported by the New York Times.
But the president can revoke the trust’s terms at any time, the documents reveal, and its assets are being held for Trump’s “exclusive benefit.”
Trump has said he will not be involved in the day-to-day operations of his real estate and hotel holdings. But he will get regular reports on their profits and losses — which remain filed under his own Social Security number.
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