Politics

REPORT: Eric Trump Diverted $1 Million from Children’s Cancer to Family Business

President Donald Trump’s adult son Eric is the target of a devastating new investigation.

The scam carried out by the Trump family basically amounts to stealing from kids with cancer. Investigative journalists dug through years of records associated with the Eric Trump Foundation and found that Eric Trump lied to donors and funnelled money to his father’s business empire.

The Eric Trump Foundation hosted a series of charity events over the past decade which were supposed to raise money for children’s cancer treatment and research. Eric told donors that the events were hosted at Trump golf courses in order to save costs – but it turns out that was a lie!

Forbes reports:

The best part about all this, according to Eric Trump, is the charity’s efficiency: Because he can get his family’s golf course for free and have most of the other costs donated, virtually all the money contributed will go toward helping kids with cancer. “We get to use our assets 100% free of charge,” Trump tells Forbes.

That’s not the case. In reviewing filings from the Eric Trump Foundation and other charities, it’s clear that the course wasn’t free–that the Trump Organization received payments for its use, part of more than $1.2 million that has no documented recipients past the Trump Organization. Golf charity experts say the listed expenses defy any reasonable cost justification for a one-day golf tournament.

Additionally, the Donald J. Trump Foundation, which has come under previous scrutiny for self-dealing and advancing the interests of its namesake rather than those of charity, apparently used the Eric Trump Foundation to funnel $100,000 in donations into revenue for the Trump Organization.

And while donors to the Eric Trump Foundation were told their money was going to help sick kids, more than $500,000 was re-donated to other charities, many of which were connected to Trump family members or interests, including at least four groups that subsequently paid to hold golf tournaments at Trump courses.

At first, the Eric Trump charity events appeared to be legitimate. However, the organization eventually started sending as much as $300,000 to the Trump business empire for the annual event.

All of that happened at the same time that Eric Trump was telling donors that the use of the golf course had been donated.

Read more, from Forbes:

For the first four years of the golf tournament, from 2007 to 2010, the total expenses averaged about $50,000, according to the tax filings. Not quite the zero-cost advantage that a donor might expect given who owned the club but at least in line with what other charities pay to host outings at Trump courses, according to a review of ten tax filings for other charitable organizations.

But in 2011, things took a turn. Costs for Eric Trump’s tournament jumped from $46,000 to $142,000, according to the foundation’s IRS filings. Why would the price of the tournament suddenly triple in one year?

“In the early years, they weren’t being billed [for the club]–the bills would just disappear,” says Ian Gillule, who served as membership and marketing director at Trump National Westchester during two stints from 2006 to 2015 and witnessed how Donald Trump reacted to the tournament’s economics. “Mr. Trump had a cow. He flipped. He was like, ‘We’re donating all of this stuff, and there’s no paper trail? No credit?’ And he went nuts. He said, ‘I don’t care if it’s my son or not–everybody gets billed.’ “

… The costs for Eric’s golf tournament quickly escalated. After returning, in 2012, to a more modest $59,000–while the event brought in a record $2 million–the listed costs exploded to $230,000 in 2013, $242,000 in 2014 and finally $322,000 in 2015 (the most recent on record, held just as Trump was ratcheting up his presidential campaign), according to IRS filings. This even though the amount raised at these events, in fact, never reached that 2012 high.

This is a whole new level of corruption, even for the Trump family. Sickening!

1 Comment

1 Comment

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