Reminder: Trump is the sole beneficiary of the (not at all) blind trust.
http://www.npr.org/2017/06/14/532969080/anonymous-buyers-account-for-majority-of-trump-property-sales
https://www.usatoday.com/story/news/2017/06/13/trump-property-buyers-make-clear-shift-secretive-llcs/102399558/
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http://www.npr.org/2017/06/14/532969080/anonymous-buyers-account-for-majority-of-trump-property-sales
https://www.usatoday.com/story/news/2017/06/13/trump-property-buyers-make-clear-shift-secretive-llcs/102399558/
The Trump Organization has property holdings around the world, and President Trump stands to profit from the sale of them. An investigation by USA Today shows a surprising change in who is buying these properties. Before Trump was nominated to be president, 4 percent of Trump Organization property sales went to secretive shell companies called LLCs. Now that figure is up to 70 percent. Nick Penzenstadler is one of the reporters on the story and joins us now. Welcome.
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Profits from sales of those properties flow through a trust run by Trump’s sons. The president is the sole beneficiary of the trust and can withdraw cash any time.
The increasing share of opaque buyers comes at a time when federal investigators, members of Congress and ethics watchdogs are asking questions about Trump's sales and customers in the U.S. and around the world. Some Congressional Democrats have been asking for more detail about buyers of Trump’s domestic real estate since USA TODAY’s initial report.
Their concern is that the secretive sales create an extraordinary and unprecedented potential for people, corporations or foreign interests to try to influence a President. Anyone who wanted to court favor with the President could snap up multiple properties or purposefully overpay, without revealing their identity publicly.