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While Trump Model Management "enjoyed many years of success," the Trump Organization said in a statement that it was choosing to focus on its core businesses of real estate, golf and hospitality.
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The two-year legal battle concerned a restaurant in Trump's Washington, D.C., hotel. Andrés pulled out of the deal in 2015 after Trump made comments disparaging Mexicans.
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Critics cried foul, including the head of the Sierra Club who called Trump's move a "publicity stunt."
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Ethics experts often criticize the Trump Organization for running a hotel just blocks from the White House. Now, the company might be looking to add a second hotel in the nation's capital.
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Anbang had discussed investing more than $400 million to redevelop an office tower owned by Kushner Companies — a deal that raised ethical concerns.
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As we cover conflicts of interest in the Trump administration, a question frequently arises: What parts of the government have the power to hold the president and his appointees accountable on ethics?
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The General Services Administration says while the contract bars elected officials, the Trump Organization may lease the Old Post Office because President Trump moved his businesses into a trust.
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President Trump's properties have been attracting a large and generous circle of buyers, from wealthy Russians to a Chinese businesswoman. Many questions are being raised about the deals' ethics.
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Holding the event at the Trump hotel could be seen as a way to "purchase access to the Trump administration by enriching President Trump and his family," says government ethics scholar Kathleen Clark.
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A two-page portion of his return shows he earned about $150 million, and would have paid less in taxes, but for the alternative minimum. The White House said the returns were "illegally published."