All articles tagged with #trump organization
Trump’s foreign licensing income climbed to $59.5 million in 2025, up 71% from 2024, driven largely by Gulf-region deals with Damac and Dar Al Arkan, plus licenses in Qatar, Oman and Vietnam; ethics experts warn of potential conflicts under the Foreign Emoluments Clause, though CNBC found no evidence that payments influenced administration decisions.
Eric and Donald Trump Jr.’s Trump Tower Tbilisi project in Georgia is tied to a Georgian oligarch with Kremlin links and to a broader circle of financiers tied to sanctioned Russia-connected figures, including Bidzina Ivanishvili. The deal involves offshore entities and partners such as Biograpi Living that deny direct involvement, prompting questions about Kremlin money and influence behind the Trump Organization’s international ventures.
The U.S. government auctioned the 348-foot megayacht Amadea, seized amid sanctions on Russian oligarchs, for $187 million to Abbas Sajwani, the Dubai-based billionaire Hussain Sajwani’s son and partner with DAMAC Properties in a Trump Organization venture. The sale, kept private by officials, follows a lengthy legal fight that included the yacht’s maintenance costs while in U.S. custody. After the purchase, Amadea headed to Fort Lauderdale and Charleston for minor repairs, with Sajwani saying he plans to use it as a place to live.
Capital One disclosed in a Florida court filing that it closed more than 300 Trump Organization accounts in 2021 due to anti-money-laundering patterns, denying political motivation and noting a months-long, law-enforcement–style review; the Trump Organization has challenged the rationale, while Capital One says affected clients were allowed to find new banking services as the litigation unfolds.
Capital One says it closed more than 300 Trump Organization accounts in 2021 after review by its AML team, tying the closures to anti-money-laundering concerns and asking a Florida federal court to dismiss the Trump Organization’s lawsuit alleging political discrimination in debanking.
Capital One says it closed more than 300 Trump Organization accounts after a months-long AML review, arguing the closures were for anti-money-laundering reasons, not political bias as the Trump Organization alleges in a 2025 lawsuit; the bank is seeking dismissal, noting that some complaints have been dismissed and others amended as the case continues in federal court.
Capital One says it closed the Trump Organization's accounts after months of anti-money laundering review, arguing the action was AML-driven and that it sought to dismiss a lawsuit alleging politically motivated debanking.
Capital One, in a court filing, says it closed over 300 Trump Organization accounts after months of anti–money-laundering review and seeks dismissal of the lawsuit accusing debanking for political reasons; the bank argues the closures followed AML analysis in line with federal guidance, while the Trump Organization maintains the move was politically motivated.
David Schutzenhofer, the Bedminster golf club’s general manager, offered guidance on the Lincoln Memorial Reflecting Pool repairs and helped recruit a contractor, while remaining a private citizen. The Interior Department said his involvement did not make him a government employee, though taking a post would have required ethics training and conflict-of-interest pledges.
Trump Mobile is facing fresh backlash over its $499 T1 phone after an AI-generated promo video appears to misrepresent the device—showing an altered US flag and camera layout—while deposits wait and shipping is delayed again, with the company shifting from a MADE IN AMERICA pitch to marketing based on American values; observers note the AI origins of the promo, and customers report little progress on actual orders.
Altus Property Group has scrapped the 91-story Trump International Hotel & Tower on the Gold Coast after public backlash and a petition with over 140,000 signatures; CEO David Young says the Trump brand’s image in Australia became toxic, and the project will proceed without the Trump name, while the Trump Organization blames the developer for failing to meet basic financial obligations.
Eric Trump and Donald Trump Jr.’s Trump Mobile is scrambling to satisfy a MAGA backlash after about 600,000 people paid a $100 deposit for the T-1 smartphone, whose release has been repeatedly delayed from August to October with no firm date; Trump Mobile says devices will ship soon, but critics note the leadership’s lack of smartphone experience and a branding shift from 'MADE IN AMERICA' to 'designed with American values' as the pre-orders remain unfulfilled.
Altus Property Group canceled its $1.1 billion Trump Tower project on the Gold Coast, blaming the Iran war for making the Trump brand toxic in Australia; the Trump Organization disputed the claim, saying negotiations collapsed, and Altus plans to proceed without the Trump name amid local concerns and petitions.
Altus Property Group says it has scrapped its $1.1 billion, 91-storey Trump hotel and apartment tower on Australia's Gold Coast, citing the Trump brand as toxic to Australians; the project, dependent on licensing obligations, was abandoned after those obligations were not fulfilled, with the developer planning to pursue the development under a different luxury brand.
Trump spent the weekend at LIV Golf events hosted at his clubs, prompting ethics experts to question potential conflicts of interest as the presidency intersects with the family business; critics flag the Saudi-backed LIV tie and opaque profit paths, while the White House says assets are managed by his children and conflicts are being addressed.