After the success of the autumn mellanårsval together now the democrats in order to arrange several investigations about Donald Trumps business and private finances. Letitia James, who has the state of New York's top legal office, promising in a recent interview to initiate hard inquiries of Trump's companies.
" We will examine all the in his presence a breach of the law, said James to the tv channel NBC earlier in the year.
James, an outspoken democrat from Brooklyn, has said that she will give priority to audits of Trump's private finances, his transactions and financial linkages to Russia when she takes office in January. She would also like to investigate whether Trump engaged in illegal corruption, then his company and the hotels received gifts from foreign governments while Trump has been the president. When the Trump company is based in New York city will now much of this work on the James table. Also Adam Schiff, an influential democrat who is expected to take over the leadership of the congressional underrättelsekommitté in January, has said he wants to examine Trump's companies. Among other things, to Schiff require finanspapper from Deutsche Bank, which gave Trump's companies several loans, to see if they are showing illegal transactions between Trump and Russia.
" the Concern around the Deutsche Bank because they have a history of to wash Russian money, Schiff to the american NBC.
In an interview with DN before mellanårsvalet in the autumn promised Schiff to studies of Trump's private finances would be one of his main priorities if the democrats took back the majority in the house of representatives, which they also did in the election.Adam Schiff. Photo: Jae C Hong/AP
Donald Trump's companies during the year, which increased the pressure on the proper investigations of his private finances. A survey by the New York Times showed that it lasted extensive skattefiffel of his company for several decades. The review also took dispel the myth that Trump would have created their wealth on their own. During Trump's campaign was one of his core message that he knew how to do business and therefore can be an effective political leader. “I built myself what I created,” said Trump during the election campaign. Among the supporters, it was also very common to refer to this as a reason to vote for him. In fact, it was Trump inheriting vast fortunes from his daddy's companies. From the age of three, he received the equivalent of 200,000 dollars a year by his father and he was a millionaire already eight-year-old, according to the New York Times.
During the election campaign, claimed Trump that he started his business with “a small loan” of one million dollars from the father. In fact, he got a loan of 140 million dollars, most of which never paid back. In total, he inherited around 413 million dollars in today's value, which corresponds to 3.7 billion. Trump's family has, according to the New York Times, escaped from nearly a half-billion dollars in tax. Tax experts believe that the company indulged in “systematic dishonesty” methods and may have violated the law.
Many of the scandals relating to the Trump companies have been overshadowed by the special prosecutor Robert mueller's investigation of Trump-campaign contacts with Russia. But the different investigations are also linked. Then in march of this year, Mueller also examined Trump's private finances, among other things, precisely by requiring finansdokument from Deutsche Bank. When Trump found out about this, he should have been outraged, and yelling to their lawyers, “this is bullshit”, according to journalist Bob Woodwards book ”Fear“.Donald Trump. Photo: Brendan Smialowski /AFP
trial as a sitting president, but it does not apply to his company. After several witnesses in Robert mueller's investigation has chosen to cooperate with the investigation for the to get lighter penalty, that penalty will increase the risk of Trump's companies are brought to justice. It can lead to a tricky scenario for the Trump, where he can either be forced to testify under oath, or becoming the first president ever to use of the constitution's fifth extension, which consolidate the right to refuse testimony.
Before christmas, it became clear that Trump forced to spend down their charitable organization, the Donald J Trump Foundation, after it was revealed that the organization used for the benefit of Trump's private fortune. Among other things, used the Trump organization's finances to buy a signed helmet from Tim Tebow, his favorite player in american football.
Trump may now be required to pay back 2.8 million dollars to those who donated money to the organization.