![]() on Monday told Fox News that Manhattan federal prosecutors investigating the president’s inaugural committee and family business were engaging in “Stalinist” tactics, where if they “massage things enough,” a crime can be found. George Sorial, executive vice president and chief compliance counsel for The Trump Organization, said that while donating such money was not a legal requirement, this voluntary donation fulfills our pledge to donate profits from foreign government patronage at our hotels and similar business during President Trump’s term in office. In February, the company announced it had contributed 191,538 in foreign profits to the U.S. The Trump Organization pledged to contribute all profits from foreign governments to the U.S. due to intense media scrutiny and what it called a hostile political environment.ĭonald Trump Jr. Washington CNN The Trump Organization says it donated more than 150,000 to the US Treasury, representing the profits it made at its hotels and similar properties from foreign governments over. policy in several cases have coupled foreign influence efforts with visits to Trump properties. The Trump Organization has said that it has made “tremendous sacrifices” by putting brakes on its business expansion.Įarlier this month, Eric Trump and his brother, Donald Jr., announced they were scrapping plans to roll out two new hotels chains in the U.S. In addition to Treasury donations, Trump agreed not to strike any foreign deals for his business while in office, and to hire an outside counsel to vet any domestic deals for possible conflicts of interest. The company did not respond to requests for detail on how it has discouraged foreign government spending. This was at a press conference where he announced that he would not sell his self-named for-profit international company and would not place his assets in a blind trust. ![]() “In fact, we go to great lengths to discourage foreign government patronage at our properties.” During the presidential transition period one year ago, President-elect Donald Trump through his attorney Sheri Dillon promised that profits made by the Trump Organization at Trump hotels from foreign governments would be donated to the United States Treasury during his time in office. “Unlike any other luxury hospitality company, we do not market to or solicit foreign government business,” said Eric Trump, an executive vice president of the Trump Organization. The president’s adult sons running the business have bristled at the charge they are profiting off the presidency. In Monday’s letter, Cummings pressed for any documents identifying foreign government-sourced payments to the Trump Organization, as well as how the firm calculated its foreign payments and whether the company planned to claim its Treasury donation as a gift for tax deduction purposes. ![]() Those clauses ban presidents from accepting gifts or payments from foreign or domestic governments without permission from Congress. Since then, Kuwait, the Philippines and other foreign governments have thrown parties at his Washington hotel, and Trump has been sued by good-government groups and others alleging he is violating the emoluments clauses of the Constitution by opening his door to such business.
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