Re:Stock Markets Tumble Amid Worries Over Tech Firms and Tra...
by cromwellian on Monday April 02, 2018 @06:33PM
(#16740055)
Most of those entities are empty shell companies to hide paper trails. WSJ report via dailykos to avoid paywall: https://m.dailykos.com/stories/2016/12/8/1608674/-Donald-Tru...
“President-elect Donald Trump owns a helicopter in Scotland.
To be more precise, he has a revocable trust that owns 99% of a Delaware limited liability company that owns 99% of another Delaware LLC that owns a Scottish limited company that owns another Scottish company that owns the 26-year-old Sikorsky S-76B...”
Quote: “The president's personal financial-disclosure report was extensive before he handed the torch to his sons, and listed Trump as a trustee, president, chairman, or member for more than 530 entities. Almost half of these companies listed have Trump's name as part of the company name.”