Report: Trump changed his trust to take out money whenever he wants

Concerns are being raised about an unreported change President Trump made to the trust which is intended to separate him from his businesses while he is in office, notes ProPublica.

According to the media outlet, the trust was amended on February 10 to include a clause which reads, "The Trustees shall distribute net income or principal to Donald J. Trump at his request, as the Trustees deem necessary for his maintenance, support or uninsured medical expenses, or as the Trustees otherwise deem appropriate."

With this change, ProPublica says that "Trump can draw money from his more than 400 businesses, at any time, without disclosing it."

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This isn't the first time critics have voiced ethical concerns about the president and his businesses.

The New York Times reported earlier last month that the trust he implemented doesn't seem to create real distance between him and his holdings. Frederick J. Tansill, a trust and estates lawyer who reviewed the filing told the publication, "I don't see how this in the slightest bit avoids a conflict of interest. First it is revocable at any time, and it is his son and his chief financial officer who are running it."

The New York Daily News also pointed out that not only is Trump still the sole beneficiary, but he also has control of the people in charge of the trust.

During his transition, Trump announced that he would step away from managing the Trump Organization while he was in office, and he would launch the trust to hold his assets, notes the Wall Street Journal.

However, he was called out by the U.S. Office of Government Ethics soon after for not making it a blind trust where he would be unaware of how his decisions as president are affecting his portfolio.

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