President Donald Trump hasn't yet formally resigned from his largest companies — despite a promise he would do so by Inauguration Day, Pro Publica reported.
Three hours after Trump was sworn in, officials in New York, Delaware and Florida, where Trump's companies are registered or incorporated, said they hadn't gotten the paperwork necessary for Trump to officially transfer control of his businesses to his two older sons and a longtime associate, Pro Publica reported.
The report also found Trump updated documents pertaining to the controversial Donald J. Trump Foundation he'd said he'd dissolve.
The findings contradict Trump's assertion last week that he'd removed himself from his companies; a lawyer for Trump, Sheri Dillon, said the president's business interests would be placed in a family trust by Inauguration Day, the report noted.
Trump and his associates "are not doing what they said they would do," Richard Painter, President George W. Bush's chief ethics attorney, told Pro Publica. "And even that was completely inadequate."
The president isn't required by law to completely divest from business interests.
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