Trump’s Company Reportedly Funneled Cash Through Outside Sources to Communist Country to Make $68,000 Expenditure Appear as Charity
An investigation by Newsweek’s Kurt Eichenwald explains how Donald Trump’s company in 1998 violated the strict U.S. trade embargo, funneling at least $68,000 through a third party and “secretly conducted business in communist Cuba during Fidel Castro’s presidency.”
Eichenwald, who has been doing a deep dive investigation into Trump’s business dealings and has appeared on news outlets including MSNBC, reports that “with Trump’s knowledge, executives funneled the cash for the Cuba trip through an American consulting firm called Seven Arrows Investment and Development Corporation.”
“Once the business consultants traveled to the island and incurred the expenses for the venture, Seven Arrows instructed senior officers with Trump’s company—then called Trump Hotels & Casino Resorts—how to make it appear legal by linking it after-the-fact to a charitable effort.”
A “former executive said Trump had participated in discussions about the Cuba trip and knew it had taken place,” the Newsweek report states. “Without obtaining a license from the federal Office of Foreign Asset Control before the consultants went to Cuba, the undertaking by Trump Hotels would have been in violation of federal law, trade experts say.”
Wednesday night MSNBC’s Rachel Maddow in an exclusive arranged with Newsweek broke the story.
Watch:
Â
Â