Donald Trump, who ran on a platform of non-stop criticism of Hillary Clinton’s alleged corruption, sure does have a long laundry list of things that he’s being accused of, not the least of which is the funneling of tax dollars to his kids through one of his hotels.
Buzzfeed filed a Freedom of Information Act request inquiring about Donald Trump’s deal to rehab the old Post Office building in D.C., which he is trying to reopen as a Trump hotel. It seems there was an attempt to hide where the tax dollars in the deal were headed, and some of the data was blacked out mysteriously.
A key document obtained by BuzzFeed News shows how the then-GOP nominee took control of a taxpayer-owned landmark near the White House with only a $2.4 million equity investment. He also gave more than 22% of the project to his children Ivanka, Donald Jr., and Eric.
Before the FOIA request, the document was BLACKED OUT as you can see below:
After the FOIA request was granted, it shows the contents that were previously blacked out:
Trump has created a “wealth generation mechanism for his kids,” said Peter Smirniotopoulos, an adjunct professor of real estate at George Washington University School of Business.
…during Donald Trump’s re-development of the taxpayer-owned Old Post Office building in downtown D.C. into a luxury hotel, Trump “funneled money to his children through separate companies bearing each of the children’s names, and the document indicates that those companies did not invest money. Nevertheless, their stakes could earn the children a big chunk of any profits generated from the taxpayer-owned site.”
BuzzFeed further noted when the story was originally reported in that despite the fact the building is owned by the public, many of the key documents in the deal were heavily redacted, forcing BuzzFeed to file an appeal.
Trump pushed for security clearances for his kids, who are running his companies in a fake blind trust, meaning they could use readily available secret information to pocket money for the Trump family.