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#emolumentsclause

32 posts3 participants18 posts today
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#Trump, in recent days, was doing his part as well to help drive business to the family.

He attended a fund-raising event at his Mar-a-Lago club in Florida this past weekend. That makes his 10th visit to the club since he returned to the White House in January, with many of the weekend visits featuring political gatherings that #pay bills to his family.

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Donald Trump Jr’s next stop was #Serbia, where the #Trump family is planning a new hotel on land owned by the #government there. He met w/ President #AleksandarVucic, whose admin approved the hotel project, which also includes Jared Kushner, Trump’s son-in-law, as the developer. “No one has ever said that we are inhospitable: We prepared this pig for Donald Jr Trump,” Vucic boasted on his FB page, about his meal w/Trump.

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On a crypto conference panel in #Dubai, #EricTrump sat next to Zach #Witkoff, one of the founders of the #Trump family #crypto firm, #WorldLibertyFinancial, who announced that a VC firm backed by the #government of #AbuDhabi would invest $2 billion using a form of digital currency offered by World Liberty. This deal alone could generate hundreds of millions of dollars in revenue for the Trump family & its partners.

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This is 1 of 6 #RealEstate projects now planned in the #MiddleEast, sponsored by #DarGlobal, the international subsidiary of a #Saudi-based real estate firm with close ties to the #SaudiRoyalFamily. The other projects are in #SaudiArabia, #Oman & #Dubai.

“They always arrive at the word ‘yes,’ which is a beautiful thing,”Eric #Trump said while in Dubai this past wk, saying that it took only a month to get the required real estate permits from the govt there…

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In some cases, the #Trump-family announcements over the past week have involved #ForeignGovernments, including those of #Qatar & the #UAE.

#EricTrump flew to #Doha, the capital of the tiny #MiddleEast nation of Qatar, on Wednesday as a govt official there signed a deal with a #Saudi-based #RealEstate company to build a new Trump golf course & luxury villa complex, a partnership & will bring millions of dollars in branding & mgmt fees to the Trump family.

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At $500k a person, the private membership club is slated to open by summer in a sprawling, but defunct, restaurant called Clubhouse. It will feature 2 bars, a lounge, a restaurant & boardroom — re-creating the role previously served by the lobby of the Trump International Hotel in Washington, where donors & acolytes of #Trump gathered [including #Jan6 insurrectionists who were convicted of #SeditiousConspiracy] until the family sold it off after Trump’s 1st term.

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Just in the past 10 days, #DonaldTrumpJr made stops in #Hungary, #Romania, #Serbia & #Bulgaria on a paid-speech tour he has called “Trump Business Vision 2025,” which also included visits w/ #ForeignGovernment leaders & #political candidates. During roughly the same time, #EricTrump was shuttling among #Qatar, the #UAE & other #MiddleEast spots to push the family’s #RealEstate & #crypto plans.

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…relatives of other presidents — including Billy Carter (brother of Pres Jimmy Carter) & Neil Bush (brother of Pres George W. Bush), along with Hunter Biden (son of Pres Joe Biden),— have had business dealings that have created questions about potential conflicts of interest.

What distinguishes the work of #Trump’s 2 sons is that several of these ventures, including the real estate deals & crypto efforts, bring revenues that benefit the president himself as well.

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But #Trump’s financial disclosure report, which he is legally required to file, shows that he still personally benefits financially from most of these ventures.

Eric Trump said that many of the ventures…—from #crypto to #RealEstate —were underway *before* their father was re-elected.…

Donald Trump Jr rejected any suggestion that he was trading on his father’s name, saying he has been a businessman his entire adult life.🤣😂

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Eric also serves on the board of a holding company that oversees #WorldLibertyFinancial, the family’s #crypto firm, & recently joined forces w/his older brother, Donald Trump Jr, to start a #Bitcoin mining operation, American Bitcoin.

The WH has said there are no #ethics issues because #Trump’s sons run the businesses🤣. “The president’s assets are in a trust managed by his children,” Anna Kelly, a White House spokeswoman, said. “There are no conflicts of interest.”😉

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“There’s nothing like it,” said Douglas Brinkley, a Rice University historian who has written books on Presidents Ronald Reagan & Gerald R. Ford, addressing the financial #ConflictsOfInterest that have emerged in #Trump’s 2nd term.

Both Trump sons are involved in a wide range of family business ventures. Eric Trump, the president’s middle son, runs the #TrumpOrganization, the main family business, which *specializes* in real estate [#fraud].

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The marathon of deal making has been so rapid that many elements have drawn limited public attention in the #UnitedStates, despite most of it being out in the open. That is in part because the sons appeared before mostly fawning crowds but also because #Trump, his appointees & his billionaire adviser #ElonMusk were making headlines with their own steady stream of norm-breaking controversies.

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At present, the names of the #TRUMP holders set to win a place at the dinner are concealed behind pseudonyms & alphanumeric #crypto wallet addresses. The White House did not respond when asked whether the attendee list will be made public.

Whether Trump would face any consequences for theoretically violating foreign #emoluments laws depends on the strength of his grip on #Congress, the political class tasked w/upholding the #Constitution, including through #impeachment.

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Today, #access to the sitting US president carries a greater potential political currency than ever. “#Trump is amalgamating even more #power in the #ExecutiveBranch than anyone has before,” claims Jeff Hauser, executive director at the Revolving Door Project, an organization that seeks to scrutinize the behavior of elected officials. “With ever greater power comes a larger warehouse of favors that can be sold.”