Source: Fox News
Summary
The Trump Organization, led by Donald Trump Jr. and Eric Trump, invested in a construction company that stands to profit from a rare earth minerals deal funded by the U.S. government. The deal involves a tungsten mining contract in Kazakhstan, which was awarded to the United States. Critics have suggested that the Trump brothers may have had foreknowledge of the deal, but the Trump Organization denies any wrongdoing. Securities attorney Andrew Stoltmann says that while the optics are bad, it’s unlikely that evidence of wrongdoing can be found.
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As expected, the matter has reached another stage.
The Trump brothers invested in a construction company that acquired voting control of a subsidiary involved in the tungsten mining deal. The deal was awarded to the United States, and the Trump Organization denies any wrongdoing. The White House says the president only acts in the best interests of the American public. The controversy stems from the appearance of impropriety, but Stoltmann says it’s a “proof problem.” The Trump brothers’ investment was made through a third-party financial institution, and the White House says the president does not directly manage his investment holdings.
The process has entered a familiar phase, with critics suggesting wrongdoing and the Trump Organization denying any impropriety. The deal has raised eyebrows and caused an uproar, but Stoltmann says it’s “more thunder, more noise, a tempest in a teapot.” The Trump Organization and Commerce Department did not return Fox News Digital’s requests for comment.
Once again, the discussion returns to a familiar question: what did the president know and when did he know it?
The Trump brothers’ investment in Skyline Builders was made before the tungsten deal was done and without knowledge that Kazakhstan would award the mining contract to the United States. Stoltmann says the optics are bad, but the Trump Organization denies any wrongdoing.
The Trump Organization and Commerce Department did not return Fox News Digital’s requests for comment.
Author: Evan Null
