The following is an excellent article written by Michael Keller, Blacki Migliozzi, Caleb Melby and Mira Rohanasakul on the Bloomberg website on December 1, 2016 titled “Tracking Trump’s Web of Conflicts” and I quote:
“Tracking Trump’s Web of Conflicts”
He has business interests in at least 23 countries
Trump has earned millions of dollars plastering his name on hotels and condominium towers that were built or are owned by international partners, some in countries that are political flashpoints. Short of selling the company, it will be difficult to fully remove himself, experts say. If he or his children still own the company, Trump could be accused of violating the emoluments clause of the Constitution, which bans gifts to U.S. officials from foreign governments. Trump could run afoul of this provision through the process of obtaining permits or through dealings with business partners who often have ties to foreign governments.
Project under development to build a tower, pending government approvals. Partners Felipe Yaryura and Moses Yellati of the YY Development Group are close with the Trumps, and Yaryura attended the election night party in New York.
Licensed his name for a hotel-condo tower under development with Garant Holding. Its chairman, Anar Mammadov, is the son of the country’s transport minister who has been suspected by U.S. diplomats of laundering money for Iran, according to the Associated Press. Construction of the hotel is finished, but it is not yet open.
Licensing deal for five office towers in Brazil currently under development by Bulgarian partner MRP Group. Brazil is currently investigating investment irregularities in the project.
Licensing deal on a beachfront hotel with Brazilian partner LSH Barra. The property officially opened prior to the Olympics, but some portions of it are still under construction.
Trump lists a company on his FEC filing possibly related to business in Bermuda: DJ Aerospace (Bermuda) Ltd..
Licensing and management deal for a hotel-condo tower under development in Vancouver with the Holborn Group owned by Joo Kim Tiah, the son of one of Malaysia’s wealthiest real estate investors.
Licensing and management deal with Talon International for a tower, which was placed into receivership by a bankruptcy judge. The building has been subject to investor lawsuits. Trump’s partners on the project were firms associated with Russian-born billionaire Alex Shnaider and others.
In October, Trump Hotels CEO Eric Danziger told Chinese media that he plans to open locations in 20 to 30 Chinese cities, plus more under the Trump Organization’s new Scion brand. Industrial & Commercial Bank of China Ltd., the world’s largest lender, is a tenant of Trump Tower in Manhattan. Trump lists multiple companies on his FEC filing possibly related to business in China: THC China Technical Services Manager Corp., THC China Technical Services LLC, THC Services Shenzhen LLC, THC Services Shenzhen Member Corp., THC Shenzhen Hotel Manager LLC, THC Shenzhen Hotel Manager Member Corp. The Trump Organization has used similar naming conventions for companies associated with previous international licensing deals.
Trump Organization executives have traveled to Cuba for years. Asked on CNN in March if he’d be interested in opening a hotel there, Trump said: “I would, I would—at the right time, when we’re allowed to do it. Right now, we’re not.” In July he told a Miami TV station that “Cuba would be a good opportunity [but] I think the timing is not right.” At a Dec. 1 event, Miguel Fluxa, CEO of Spanish hotelier Grupo Iberostar, said the Trump Organization had been looking to buy hotels in the country within the last six months. “In the last 12 months, many major competitors have sought opportunities in Cuba,” Amanda Miller, vice-president of marketing at the Trump Organization, said in an e-mailed statement in response to Fluxa’s comments. “While it is important for us to understand the dynamics of the markets that our competitors are exploring, we do not intend to expand into Cuba nor have we ever done any business there.”
Trump lists two companies on his FEC filing possibly related to business in Egypt: Trump Marks Egypt and Trump Marks Egypt LLC.
Trump lists two companies on his FEC filing possibly related to business in the Republic of Georgia: Trump Marks Batumi and Trump Marks Batumi Member Corp. In 2011, he signed a licensing deal to use his name on two projects, developed by the Silk Road Group, in the former Soviet state: a tower in the capital of Tbilisi and a casino resort in Batumi, on the Black Sea. Then-President Mikheil Saakashvili sought out Trump to develop the project and attended the signing ceremony at Trump Tower in New York.
Licensed his name for two projects in development in India—one in Mumbai with Lodha Group and another with Panchshil Realty for two towers in Pune. Trump recently met with his project partners, who also have ties to the Indian government, raising questions of a potential conflict. On his FEC filing, he lists two companies possibly related to a project in Kolkata: DT Tower Kolkata LLC and DT Tower Kolkata Managing Member Corp.
Trump Hotels has plans to open two properties in Indonesia. He received up to $5 million last year, according to his personal financial disclosure, from MNC Group, a Jakarta-based media company.
Trump lists two companies on his FEC filing possibly related to business in Israel : Trump Drinks Israel LLC, Trump Drinks Israel Member Corp.
Licensing deal on hotel-condo tower currently in operation developed by local partner Newland International Properties Corp.
Licensing deal on a luxury residential tower under development with Century Properties Group, whose shares surged 20 percent the day after Trump was elected. The country’s new special envoy to the U.S., Jose E.B. Antonio, is the CEO of Century Properties.
Trump lists two companies on his FEC filing registered in St. Martin, French West Indies: Excel Venture I LLC and Excel Venture I Corp. The companies are tied to residential rental properties, according to the disclosure.
Licensing deal to use his name on two currently operating luxury towers, one commercial and one residential, for which he received as much as $5 million last year, according to his latest financial disclosure. Shares in Dogan Sirketler Grubu Holding, his partner on the project, surged almost 11 percent after Trump’s victory. Trump said in an interview with Breitbart News that “I have a little conflict of interest, because I have a major, major building in Istanbul.”
Licensing deal with Dorya International to manufacture Trump-branded furniture. Dorya President and CEO F. Doruk Yorgancioglu was quoted saying that the line sells well in places like Dubai, Istanbul, China and Russia.
Trump lists companies on his FEC filing possibly related to a development project in Jeddah, Saudi Arabia’s second-biggest city, located outside Mecca: DT Jeddah Technical Services Manager LLC, DT Jeddah Technical Services Manager Member Corp., THC Jeddah Hotel Manager LLC and THC Jeddah Hotel Manager Member Corp.
Six luxury condominum towers in Seoul, Busan and Daegu erected in 2007 by Daewoo Corp., which paid Trump for use of his name. Daewoo had previously built Trump World Tower in Manhattan.
Trump bought Turnberry, one of Scotland’s most iconic golf courses, in 2014 for about £41 million ($51 million). It lost £8.4 million in 2015.
He built from scratch a course north of Aberdeen against opposition from environmentalists. It, too, has failed to make a profit, losing £1.1 million in 2015. Also in that year, Trump lost a years-long fight with Scottish lawmakers to halt the construction of an offshore wind project being built near the golf course. Trump told the New York Times that he “might have brought it up” in a conversation with Nigel Farage, the former leader of the right-wing U.K. Independence Party, whom Trump has recommended for an ambassador position to the U.S.
The state-controlled Chinese bank, Industrial & Commercial Bank of China Ltd., leases space in Trump Tower and is due to renegotiate its lease in 2019. This presents a possible conflict under the Constitution’s emoluments clause, which bars gifts from foreign governments.
Licensing deal to develop a residential tower with Aetos SA, a company affiliated with YY Development, which is also Trump’s partner in Argentina.
He holds millions in stock
Trump has millions of dollars at stake in many of the Wall Street businesses he railed against during the campaign, according to his FEC filing. Now he could stand to benefit from some of his policy proposals, such as weaker financial regulation or increased oil and gas development. His stocks would be one of the easiest assets to liquify and put into a blind trust.
He has debts to lenders
Trump’s businesses held at least $630 million of debt as of July, owed to international lenders such as Deutsche Bank and UBS. Vornado Realty Trust, the majority owner of two towers in which Trump also has a stake, owes money to Goldman Sachs and Bank of China. Trump has refused to disclose his tax returns, so it’s impossible to know if he has additional debts not tied to his businesses.
Bank of China holds part of a $950 million loan on an office building, 1290 Avenue of the Americas, in Manhattan. Trump has a 30 percent stake in the project.
Deutsche Bank is Trump’s biggest lender. The German company owns about half of the billionaire’s outstanding debt in loans tied to Trump’s hotel in Washington and Doral, a Miami golf resort. Unrelated to its loans to Trump, the bank is currently in settlement talks with the Department of Justice over the sale of mortgage securities.
Ladder Capital is Trump’s second-biggest lender. The New York-based firm has issued loans against Trump’s older real estate assets, including Trump Tower and 40 Wall St., an office tower, in Manhattan.
Government agencies have been reviewing his businesses
Before he was elected, Trump, his businesses and his financial partners were involved with several federal agencies. With billions of dollars, and possible criminal charges, at stake, he’ll now oversee and appoint people to lead these same agencies.
Trump holds a 60-year lease to run Trump International Hotel in Washington’s historic Old Post Office. He paid about $200 million in renovation costs and will pay $3 million a year in rent to the General Services Administration. The lease agreement appears to forbid any elected official from being involved in the property.
Trump’s taxes are currently under audit by the IRS. The commissioner is appointed by the president to five-year terms. The current commissioner’s term expires in 2018. The IRS is housed under the office of the Deputy Secretary of the Treasury within the Treasury Department. Trump will nominate new people for those positions.
Trump owes Deutsche Bank AG, his largest lender, about $300 million in loans against his Washington hotel and his Doral resort in Florida. Unrelated to its business with Trump, the Justice Department is in settlement talks with Deutsche Bank over its sale of mortgage-backed securities ahead of the 2008 financial crisis. Trump is set to name a new attorney general to run the Justice Department.
Trump International Hotel Las Vegas has asked a U.S. appeals court to overturn a ruling by the National Labor Relations Board finding the company in violation of federal law for refusing to bargain with a local union. Trump will appoint members of the NLRB board, which hears cases involving unfair labor practice allegations.
According to his FEC Filing, Trump has hundreds of millions in loans to cover his real estate projects, which could be affected by U.S. monetary policy. While the Fed is structured to be resistant to changes in administration, Trump took aim at Fed Chair Janet Yellen during the campaign and, with the help of Congress, could take steps to change how the central bank operates.