Tags: trump | DC | hotel | legal problems

Trump's DC Hotel Presents Legal Problem for President-Elect

Image: Trump's DC Hotel Presents Legal Problem for President-Elect

(AP)

By    |   Tuesday, 29 Nov 2016 01:07 PM

President-elect Donald Trump may be forced to sell his personal stake in the Trump International Hotel on the site of the Old Post Office Pavilion in Washington D.C. because of a massive conflict of interest and a potential breach of contract.

The Trump Organization is leasing the pavilion from the government. According to Government Executive, the contract between the two parties is clear: "No ... elected official of the Government of the United States ... shall be admitted to any share or part of this Lease, or to any benefit that may arise therefrom …"

Trump will take office on Jan. 20. According to the report, he would be in violation of the contract if he still has an ownership stake in the building on that date.

Trump has said he will let his three oldest children run his company while he's in office, but has no plans to sell his portion of it. That means he'll continue to make money from it regardless of whether or not he plays a role in its operations, unless he places his business holdings into some sort of blind trust.

According to CNN, Trump has a stake in more than 500 companies, including some that have conducted business overseas.

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President-elect Donald Trump may be forced to sell his personal stake in the Trump International Hotel on the site of the Old Post Office Pavilion in Washington D.C. because of a massive conflict of interest...
trump, DC, hotel, legal problems
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2016-07-29
Tuesday, 29 Nov 2016 01:07 PM
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