Trump Added Clause To His Trust Allowing Him To Withdraw Money Without Disclosing: Report
Donald Trump can pull money out of his business anytime he wants and never needs to report it.
Donald Trump can withdraw money from his businesses while serving as president, according to a report by ProPublica.
According to the report, Trump added an extra clause into the trust document in February allowing him to pull money out of his businesses. The clause specifically states that the trustees “shall distribute net income or principal to Donald J. Trump at his request.”
And as the report notes, there is no requirement of any public disclosure when Trump receives money from his businesses.
ProPublica noted that Trump’s separation from his businesses “has long been slammed as insufficient, far short of the full divestment that many ethics experts say is needed to avoid conflicts of interest. A small phrase buried deep in a set of recently released letters between the Trump Organization and the government shows just how little separation there actually is.”
And they went on to note that “Trump can draw money from his more than 400 businesses, at any time, without disclosing it.”
You can read the full ProPublica report here.
