When people with significant assets move into politics, it’s typical for them to place those assets into a blind trust. The whole idea of a blind trust is that it’s blind—that is, it’s independent of the business owner. After all, the purpose of putting a business in trust is to avoid a conflict of interest. If the people helming the blind trust are in close acquaintance with, associates of, or even in regular contact with the person who turned over the business, it’s not a blind trust.
So when Donald Trump says:
"The last thing I care about is my company," he said in an interview with Philadelphia based NBC affiliate WCAU earlier this month. "I'll have my kids run it, I'd put it in trust, and be done with it."
That’s not a blind trust.
"You can't set up a real blind trust under the executive branch without it being run by independent trustees, people he has no existing business relationship with," said Kenneth Gross, a lawyer who advises clients on conflict of interest issues. "It certainly doesn't include your children."
But Wednesday, Ivanka doubled down on her father’s claims that the kids will operate the show while dad is busy dismantling the machinery of democracy.
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