Trump’s claim he’s worth more than $10 billion is a fraud. Bloomberg reports a paltry $2.9 billion.
When Donald Trump was running for president, absent any government experience, one of the arguments he liked to make for his candidacy was that he is very rich. “I’ve made billions of billions of dollars,” he said in his opening statement during a G.O.P. debate. “I made a lot of money in Atlantic City,” he tweeted last summer, despite his casinos declaring bankruptcy. “I have tremendous income,” he said during a debate with Hillary Clinton, though he has refused to release his tax returns.
“And the reason I say that is not a braggadocious way. It’s because it’s about time that this country had somebody running it that has an idea about money.”
Reports show President Trump’s children Don Jr. and Eric may have ties to Mexican drug cartels.
Scott Dworkin at the Democratic Coalition Against Trump found a series of #TrumpLeaks photos of Trump Jr. on the bank’s website leading people to believe there was more to this story. He said:
“Don Jr. is looking for an easy out. He met one on one with the head of a bank that was actively running a scam to launder money for mexican drug lords. When confronted with hard evidence, he didn’t deny or clarify, he ran away and hid like a coward.”
Ivanka clothing secretly being relabeled and sold as Adrienne Vittadini Studio.
The Business of Fashion is reporting At American discount retailer Stein Mart, Ivanka Trump apparel is being sold under the guise of a different label. BoF has learned that the Jacksonville, Florida-based chain — which has 290 stores in 31 states, everywhere from Little Rock, Arkansas to Madison, Wisconsin — is selling Ivanka Trump garments relabeled as Adrienne Vittadini Studio.
G-III, the company that owns the right to manufacture and distribute Ivanka Trump apparel through a license agreement — and also owns brands including DKNY outright — acknowledges that it sold the relabelled merchandise to Stein Mart without the knowledge of the Ivanka Trump brand. It is not known whether this inventory was also sold to other retailers. More from Business of Fashion here.
Trump’s promise to distance himself from his business is just a bunch of malarkey according to ethics lawyers – Trump to receive quarterly financial reports from son Eric Trump.
CNBC is reporting President Donald Trump’s son Eric Trump will provide his father with financial reports regarding Trump Organization, according to a report from Forbes.
“Yeah, on the bottom line, profitability reports and stuff like that, but you know, that’s about it,” Eric Trump said despite previously echoing his father’s sentiments that he will not be involved in the business during his presidency.
Ivanka Trump sued by California clothing companies in class action lawsuit for profiting off political connections.
Fortune is reporting a class-action lawsuit filed on behalf of women’s clothing retailers throughout California seeks unspecified damages as well as a restraining order against her brand from selling clothes in California. More from Fortune here.