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Trump hid foreign payments from his DC hotel as it lost money, House panel says
Posted by: Steve G.
Date: October 08, 2021 10:09AM
A liar, grifter and incompetent all at the same time!

Trump hid foreign payments from his DC hotel as it lost money, House panel says
[www.reuters.com]

WASHINGTON, Oct 8 (Reuters) - Former U.S. President Donald Trump's businesses tried to hide millions of dollars in payments from foreign governments that flowed through his unprofitable hotel in downtown Washington, a U.S. congressional committee said on Friday.

The House of Representatives Committee on Oversight and Reform said hotel records raise "troubling" questions about the Trump International Hotel, which is in a historic building the Trump Organization leases from the federal government.

The hotel served as a popular gathering spot for Trump's supporters, foreign dignitaries, and his fellow Republicans during his time in office.

According to the Democratic-controlled committee, Trump reported that the hotel earned him more than $150 million during his time in office, but actually lost more than $70 million.

*The committee found that the hotel received over $3.7 million in payments from foreign governments -- roughly equal to more than 7,400 nights at the hotel, posing a potential conflict of interest.

*Provisions in the U.S. Constitution prohibit the president from obtaining payments, or "emoluments," from foreign governments.

The hotel gave a portion of that money to the U.S. government but failed to provide details of those payments to the General Services Administration (GSA), the agency that manages federal properties, the Democratic-controlled committee said.

Trump's lawyers have argued in court cases that his ownership of the hotel did not violate these constitutional provisions.

-

*Congressional Democrats say the GSA stonewalled their investigation into Trump's businesses while he was in office, but in July 2021 finally produced some of the documents they had been seeking.

*The committee also found that Trump moved millions of dollars through other businesses, complicating GSA's ability to enforce provisions that prohibited him from collecting profits from the hotel.

*The committee also found that he concealed debts when he was bidding for use of the property in 2011.
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Re: Trump hid foreign payments from his DC hotel as it lost money, House panel says
Posted by: S. Pupp
Date: October 08, 2021 10:12AM
Lock him up!
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Re: Trump hid foreign payments from his DC hotel as it lost money, House panel says
Posted by: cbelt3
Date: October 08, 2021 12:44PM
Imoluments ? That's fake news. Nobody even knows what that means !
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Re: Trump hid foreign payments from his DC hotel as it lost money, House panel says
Posted by: bfd
Date: October 08, 2021 02:20PM
Quote
cbelt3
Imoluments ? That's fake news. Nobody even knows what that means !

Only that the libruls need to stop tearing all of them down! (And build one for Trump!)
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Re: Trump hid foreign payments from his DC hotel as it lost money, House panel says
Posted by: mattkime
Date: October 08, 2021 02:26PM
The GQP reaction to this will be "Of course he hid them - look at how crazy the democrats are!"



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Re: Trump hid foreign payments from his DC hotel as it lost money, House panel says
Posted by: Steve G.
Date: October 08, 2021 03:10PM
comment:
'Donald Trump is sinking faster than a Texas boat parade.'
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Re: Trump hid foreign payments from his DC hotel as it lost money, House panel says
Posted by: Lux Interior
Date: October 09, 2021 10:46AM
Quote
mattkime
The GQP reaction to this will be "Of course he hid them - look at how crazy the democrats are!"

All they say is, "Yeah, but what about the Clinton Foundation?"
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