Since President Trump won the Republican nomination, the majority of his companies’ real estate sales are to secretive shell companies that obscure the buyers’ identities, a USA TODAY investigation has found.
Over the last 12 months, about 70% of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names. That compares with about 4% of buyers in the two years before.
USA TODAY journalists have spent six months cataloging every condo, penthouse or other property that Trump and his companies own – and tracking the buyers behind every transaction. The investigation found Trump’s companies owned more than 430 individual properties worth well over $250 million.
No wonder the Justice Department just tried to claim it was now magically legal for Trump’s businesses to accept foreign money. The Trump gang probably knew this USA Today story was in the pipeline, and that it was only a matter of time before the LLC buyers were unmasked as various foreign governments.
This is likely direct evidence of a violation of the Emoluments Clause of the United States Constitution.
Update: Breaking a little after midnight EST on The Washington Post:
This is a Creative Commons article. The original version of this article appeared here.