The Trump Crime Family ties to China - Conspiracies

The Trump Crime Family ties to China (www.americanprogress.org)

posted 5 years ago by NelsonMandelaffect 5 years ago by NelsonMandelaffect +22 / -25

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– NelsonMandelaffect [S] -7 points 5 years ago +2 / -9

According to President Trump’s July 2015 financial disclosure—which was not verified by regulators and therefore may not include all of his foreign deals or assets—Trump owned, had ownership interest in, or was a managing member of several companies related to potential business in China, including the following:

THC China Development LLC, president
    Value: $100,001 to $250,000
    Income amount: “None (or less than $201)”
THC China Development Management Corp., chairman, director, president
THC China Technical Services LLC, member, president
THC China Technical Services Manager Corp., chairman, director, president
THC Services Shenzen LLC, member, president
THC Services Shenzen Member Corp., chairman, director, president
THC Shenzen Hotel Manager LLC, member, president
THC Shenzen Hotel Manager Member Corp., chairman, director, president

According to President Trump’s May 2016 financial disclosure—which also was not verified by regulators and therefore may not include all of his foreign deals or assets—Trump owned, had ownership interest in, or was a managing member of several companies related to potential business in China, including the following:

China Trademark LLC, member, president
THC China Development LLC, president
    Value: $1,001 to $15,000
    Income amount: “None (or less than $201)”
THC China Development Management Corp., chairman, director, president
THC China Technical Services LLC, member, president
THC China Technical Services Manager Corp., chairman, director, president
THC Services Shenzen LLC, member, president
THC Services Shenzen Member Corp., chairman, director, president
THC Shenzen Hotel Manager LLC, member, president
THC Shenzen Hotel Manager Member Corp., chairman, director, president

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– NelsonMandelaffect [S] -5 points 5 years ago +2 / -7

In 2008, the state-controlled Industrial and Commercial Bank of China (ICBC)—which reports to the CPC and is currently the world’s largest lender—signed a lease for the 20th floor in Trump Tower in New York City. The lease is slated to end in October 2019, meaning that a new lease will have to be negotiated while Trump is in office if the ICBC decides to renew. According to Bloomberg, the latest available data from Wells Fargo filings show that as of 2012, the ICBC was Trump Tower’s biggest office tenant, taking up 11 percent of its office space, and was paying more than any other major tenant in Trump Tower at $95.48 per square foot. According to data from CoStar Group, the deal has been worth more than $1.5 million annually to the Trump Organization. Many see the relationship between Trump and the ICBC as already violating the Emoluments Clause of the constitution, while others view it as a potential area for future violations of the clause, notably if Trump receives payments from the ICBC that are above market value.

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