https://www.newsweek.com/trump-familys-business-ties-middle-east-explained-2070707
Concerns over blurred lines between politics and personal business have repeatedly surfaced during both Trump administrations. The Trump Organization—now run by the president's sons Eric and Donald Jr.—continues pursuing real estate ventures in the Middle East while Trump is in the Oval Office.
At the April conference in Dubai, Zach Witkoff, co-founder of World Liberty Financial and son of Steve Witkoff, Trump's special envoy, announced that a UAE-backed fund had selected the Trump family's stablecoin, USD1, for a $2 billion investment into Binance, the world's largest cryptocurrency exchange.
A Trump business entity owns 60 percent of World Liberty, the crypto startup behind USD1, and is entitled to 75 percent of all revenue from coin sales. Eric Trump and Donald Trump Jr. are actively involved in the management of the company, and rely on three partners, Zachary Folkman, Chase Herro, and Zach Witkoff to maintain daily operations.
Getting placed on board of (dubious) ukranian energy company and getting overpaid for it when your father is in charge of ukranain policy for White House is ok
ReplyDeleteFlying in Air Force Two with one's father to China and negotiating a two Billion dollars investment in your hedge fund (,when you have NO experience in hedge funds) is OK (and not paying taxes on it,).