In news conference on January 11th, President Donald Trump pledged that he had signed paperwork that would remove him from control of all Trump-branded companies. However, through a Freedom of Information Act request by ProPublica, records show that Trump is still tied to his businesses in various conflicting ways.
According to an overview of the records by The New York Times, a trust was set up in order to remove Trump from his day to day handling of the organization. The trustees consist of his son, Donald Trump Jr., and chief financial officer of the Trump Organization Allen H. Weisselberg. However, according to the documents, Trump is still expected to receive reports on the company's profits and losses. At the same time, Trump will have the authority to remove the trustees from their responsibilities at any time. The trust remains under the President's Social Security and he is listed as the "exclusive benefit" of the trust.
Other legal entanglements that Trump continues to face involve the Trump International Hotel in the Old Post Office building in Washington D.C. As an elected official, Trump is by law not allowed to benefit from the building according to the lease agreement. But despite no longer being an actual owner of the property, the details in the documents show that Trump still stands to profit from the hotel.