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Defying the Odds

Defying the Odds
New book about the 2016 election.

Thursday, September 7, 2017

Crooked Donny: An Update

Brad Heath,Fredreka Schouten,Steve Reilly,Nick Penzenstadler and Aamer Madhani report at USA Today:
Dozens of lobbyists, contractors and others who make their living influencing the government pay President Trump’s companies for membership in his private golf clubs, a status that can put them in close contact with the president, a USA TODAY investigation found.
Members of the clubs Trump has visited most often as president — in Florida, New Jersey and Virginia — include at least 50 executives whose companies hold federal contracts and 21 lobbyists and trade group officials. Two-thirds played on one of the 58 days the president was there, according to scores they posted online.
Because membership lists at Trump’s clubs are secret, the public has until now been unable to assess the conflicts they could create. USA TODAY found the names of 4,500 members by reviewing social media and a public website golfers use to track their handicaps, then researched and contacted hundreds to determine whether they had business with the government.
The review shows that, for the first time in U.S. history, wealthy people with interests before the government have a chance for close and confidential access to the president as a result of payments that enrich him personally. It is a view of the president available to few other Americans.
Among Trump club members are top executives of defense contractors, a lobbyist for the South Korean government, a lawyer helping Saudi Arabia fight claims over the Sept. 11 terrorist attacks and the leader of a pesticide trade group that sought successfully to persuade the Trump administration not to ban an insecticide government scientists linked to health risks.
Before assuming the presidency, Trump himself held ownership stakes in hundreds of business entities. His most recent financial disclosure shows he transferred those ownership stakes to six core entities.
 But in the end, the transfer of ownership turned out to be a meaningless shell game. Under the new arrangement, each of the entities to which Trump transferred his assets ended up under the control of a revocable trust that operates for the benefit of Trump. [See Figure Below]

Trump’s Shell Game: All Roads Lead To Trump’s Revocable Trust*