It is expected that newly elected presidents will part ways with their business when they take office. The most famous example of this is Jimmy Carter. After he took office, Carter placed his beloved peanut farm in a blind trust and sold it after he left office.
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At first, Donald Trump claimed he would put his sons in charge of his business interests. He never really seemed to part. And Trump was still going to his Mar-a-Lago club almost all the time. According to the Washington Post, New York investigators are now investigating the fees Trump charged these clubs.
David Fahrenthold writes:
“[One] A person familiar with the case said that District Attorney Cyrus R. Vance Jr. and New York Attorney General Letitia James are working closely together at this stage of the investigation. Prosecutors recently inquired about the admission fees Trump golf courses are charging new members and Trump’s role in setting those fees for individual customers. Trump often cited his clubs’ membership fees as a sign of the financial health of the courses in the statements he sent to potential lenders.
The Washington Post writers continue: “On Thursday, neither Trump’s company nor his post office responded to requests for comment. Ron Fischetti and Phyllis Malgieri, two of Trump’s personal lawyers, declined to comment. In the past, Trump and his family have criticized the Vance investigation – and a separate civil investigation of his company by James – as politically motivated, not the law. “
Todd Neikirk is a New Jersey-based policy and technology writer. His work has been featured in psfk.com, foxsports.com and Pet Lifestyles Magazine. He enjoys sports, politics, technology and spends time with his family on the shore.