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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsREVEALED: Financial docs show Trump funneled money for kids cancer treatment to his own buinesses
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(EXCERPT)
Newly unearthed financial documents show how charity money raised by the Eric Trump Foundation intended for childrens cancer treatment was funneled back into President Donald Trumps own businesses.
In a detailed report at Forbes, Dan Alexander reveals that the Eric Trump Foundation redirected money raised through its annual charity golf tournament back into Trumps own businesses.
Even though Eric Trump had originally set up the golf tournament so that all money raised would go directly to the St. Jude Childrens Research Hospital in Memphis, Tennessee, sources tell Forbes that the elder Trump grew furious that his younger son let his foundations charity use the Trump National Golf Course for free.
In the early years, they werent being billed [for the club]the bills would just disappear, Ian Gillule, who used to serve as membership and marketing director at Trump National Westchester explains to Forbes. Mr. Trump had a cow. He flipped. He was like, Were donating all of this stuff, and theres no paper trail? No credit? And he went nuts. He said, I dont care if its my son or not everybody gets billed.'
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More at the jump:
http://www.rawstory.com/2017/06/revealed-financial-docs-show-trump-funneled-money-intended-for-kids-cancer-treatment-to-his-own-businesses/
What a low-life scumbag! Think of the children, my ass! Oh, poor Barron. Fuck You, Trump!
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smirkymonkey
(63,221 posts)That is so low as to be almost unbelievable! God, I just hate him so much! I never knew that a human being could be so awful in so many ways.
Cha
(297,715 posts)he's already shown us what a pathological Liar he is, a perverted predator, and stealing money from kids with cancer.
And, must add.. in collisional with the Russians to steal an election from Hillary Clinton and the American People.
dalton99a
(81,599 posts)Initech
(100,104 posts)Argh, fuck the republicans!
BadgerMom
(2,771 posts)KewlKat
(5,624 posts)Ohioblue22
(1,430 posts)spanone
(135,884 posts)retrowire
(10,345 posts)perdita9
(1,144 posts)Even Satan is like, "Damn! That's extreme."
dchill
(38,546 posts)Not a fan of charity, I guess?
Thor_MN
(11,843 posts)onecent
(6,096 posts)NCTraveler
(30,481 posts)Bills don't just disappear. Much of it should have been expensed as charitable contributions. Not that it matters for him for taxes as he admittedly pays no taxes; but you know he has to take credit for everything and that is one way of you monetary gift being recorded.
My assumption. He started having a harder time finding disposable income. I don't believe this guy leveraged or solvent.
Demsrule86
(68,696 posts)sandensea
(21,672 posts)louis-t
(23,297 posts)If it was proven 100%, they still wouldn't bat an eye. They would still think he is 'smart' for doing it.
Boomerproud
(7,968 posts)Please play "I could shoot someone on 5th Avenue..." on a loop until it gets through their thick, greedy skulls.
cwydro
(51,308 posts)Please let this nightmare end.
JDC
(10,135 posts)orangecrush
(19,624 posts)Of blood and oxygen
bluecollar2
(3,622 posts)leanforward
(1,077 posts)They like to raise 85% for the kids. Is there an investigative journalist out there with contact within st Jude's fund raising records. Sounds like a "never again" list to me.
The Russians own him.
I am a loyal citizen/American/patriot in opposition to pRezident dRumpf and any GOP lemmings
Follow the money
Impeachment.
mcar
(42,376 posts)maveric
(16,446 posts)Really! What other shitty thing can he do still do to fuck people over?
Geez!
muriel_volestrangler
(101,368 posts)From the original Forbes story:
"At first the extra bills did not cost the Eric Trump Foundation anything. Shortly before the spike in costs, the Donald J. Trump Foundation donated $100,000 to the Eric Trump Foundation--a gift explicitly made, according to Gillule, to offset the increased budget. Thus, the Eric Trump donors were still seeing their money go to work for kids along the same lines as previous years.
The Eric Trump Foundation declined to comment on that donation. In effect, though, this maneuver would appear to have more in common with a drug cartel's money-laundering operation than a charity's best-practices textbook. That $100,000 in outside donations to the Donald J. Trump Foundation (remember: Trump himself didn't give to his own foundation at this time) passed through the Eric Trump Foundation--and wound up in the coffers of Donald Trump's private businesses.
"His father, Mr. Trump, always, until the presidency, had a very, very tight rein on what was going on," says Gillule, referring to the company's golf courses. "The buck always stopped with him."
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In 2010, the year the economics of the tournament suddenly pivoted, four of the seven original board members, who were personal friends of Eric, left. Those 4 were eventually replaced by 14 new board members, the majority of whom owed all or much of their livelihoods to the Trump Organization. Six of them were effectively full-time employees, including Trump lawyer Michael Cohen and executive vice president Dan Scavino Jr., who both serve in political roles for President Trump. Another owns a company that billed the Trump campaign $16 million. Add in Eric himself, as well as his wife, Lara, and 9 of the 17 Eric Trump Foundation board members had a vested interest in the moneymaking side of the Trump empire. The foundation had become a de facto subsidiary of the Trump Organization.
https://www.forbes.com/sites/danalexander/2017/06/06/how-donald-trump-shifted-kids-cancer-charity-money-into-his-business/#6625f5576b4a
This is like an episode of The Sopranos. The dim son actually has a charitable impulse, and organised a genuine functioning, efficient charitable event. Then the father notices how much money is going through it, and steps in to take a piece of the action. And thus the best attempt by the son to get out from under the shadow of his corrupt father is squelched, and he's reeled back into the fetid swamp.
LiberalLovinLug
(14,176 posts)Unlike Trump, he was born into wealth from an infant. And his father is 10x worse of a megalomaniac and narcisist than Donald's. He's proven that you can be a total asshole to others and still win bigly. He is Barons example to live by.
MontanaMama
(23,337 posts)underpants
(182,904 posts)Or way under charged. This is pure scum.
Thomas Hurt
(13,903 posts)and then you have your own companies provide a venue or services, etc.
But instead of being a stand up guy and providing that for free to the charity, you act the asshole and charge the charity to put a little in your pocket.
bresue
(1,007 posts)Blue_Tires
(55,445 posts)Why do they still believe in the Trump myth?
alcibiades_mystery
(36,437 posts)Also, Eric Trump has a giant portrait of Trump hanging over his couch. That's weird as fuck.
These people are all fucked up criminals.
dchill
(38,546 posts)ecstatic
(32,733 posts)Lock ALL of them up! Well, Melania and Barron can go free but the rest need to be locked up!
Ilsa
(61,698 posts)Achilleaze
(15,543 posts)Greedy Republican bastards throwing children under the bus