Trump Had Hidden $19.8 Million Loan From North Korea-Linked Company As President

Guno צְבִי

Guno צְבִי

We fight, We win
Trump failed to disclose a $19.8 million loan from a company with ties to North Korea while he was president, Forbes reported Sunday, citing documents uncovered by the New York attorney general’s office.

Trump owed the money to L/P Daewoo while he was campaigning in 2016 and into his presidency, according to records. He didn’t list the debt in financial disclosure filings, as candidates and presidents are expected to do, Forbes reported.


Daewoo is a South Korean conglomerate that partnered with Trump on a development project near the United Nations headquarters in New York City and on several other projects over the years. The company has ties to North Korea, Forbes reported, and was the only South Korean company allowed to operate a business in North Korea in the mid-1990s.


The debt would have sparked conflict of interest concerns over an American president’s indebtedness to a foreign operation vulnerable to influence by North Korea’s rogue government. Trump often gushed about his close relationship with North Korean leader Kim Jong Un.


https://ca.news.yahoo.com/trump-had-hidden-19-8-125434457.html
 
guno said:
Trump failed to disclose a $19.8 million loan from a company with ties to North Korea while he was president, Forbes reported Sunday, citing documents uncovered by the New York attorney general’s office.

Trump owed the money to L/P Daewoo while he was campaigning in 2016 and into his presidency, according to records. He didn’t list the debt in financial disclosure filings, as candidates and presidents are expected to do, Forbes reported.


Daewoo is a South Korean conglomerate that partnered with Trump on a development project near the United Nations headquarters in New York City and on several other projects over the years. The company has ties to North Korea, Forbes reported, and was the only South Korean company allowed to operate a business in North Korea in the mid-1990s.


The debt would have sparked conflict of interest concerns over an American president’s indebtedness to a foreign operation vulnerable to influence by North Korea’s rogue government. Trump often gushed about his close relationship with North Korean leader Kim Jong Un.


https://ca.news.yahoo.com/trump-had-hidden-19-8-125434457.html
Click to expand...

One of the main worries of the Founders. Foreign deals made by President.
 
"Such loans are largely reported on an honor system because the U.S. Office of Government Ethics has neither the resources nor the power to delve into a president’s assets.

“If someone does not disclose a loan, OGE has no way to know,” said Walter Shaub, who ran that agency when Trump took office.

Don Fox, who once also headed the office, told Forbes:“The system is kind of predicated upon people actually following a law because they want to follow the law.”
 
guno said:
Trump failed to disclose a $19.8 million loan from a company with ties to North Korea while he was president, Forbes reported Sunday, citing documents uncovered by the New York attorney general’s office.

Trump owed the money to L/P Daewoo while he was campaigning in 2016 and into his presidency, according to records. He didn’t list the debt in financial disclosure filings, as candidates and presidents are expected to do, Forbes reported.


Daewoo is a South Korean conglomerate that partnered with Trump on a development project near the United Nations headquarters in New York City and on several other projects over the years. The company has ties to North Korea, Forbes reported, and was the only South Korean company allowed to operate a business in North Korea in the mid-1990s.


The debt would have sparked conflict of interest concerns over an American president’s indebtedness to a foreign operation vulnerable to influence by North Korea’s rogue government. Trump often gushed about his close relationship with North Korean leader Kim Jong Un.


https://ca.news.yahoo.com/trump-had-hidden-19-8-125434457.html
Click to expand...


So it is a nothing burger
 
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