New York federal prosecutors are looking into potential financial wrongdoing by President Donald Trump’s inaugural committee and Ivanka Trump’s involvement in price negotiations for space rental in the Trump International Hotel in D.C.
According to reporting by WNYC and ProPublica, President Donald Trump’s inaugural committee paid large sums of money to the Trump organization to host events at the Trump-owned property, and the president’s daughter discussed charging $175,000 per day for the space, despite organizers’ concerns that it would look like the Trumps were lining their pockets.
“These events are in PE’s [the president-elect’s] honor at his hotel and one of them is for family and close friends. Please take into consideration that when this is audited it will become public knowledge. I understand that compared to the original pricing this is great but we should look at the whole context. In my opinion the max rental fee should be $85,000 per day,” Stephanie Winston Wolkoff, an event planner who helped with the inauguration, wrote to caution Ivanka and others involved with the planning.
While it is not known what price was ultimately negotiated, if it was above market rate, the committee may have violated tax law. “The fact that the inaugural committee did business with the Trump Organization raises huge ethical questions about the potential for undue enrichment,” former IRS official Marcus Owens told WNYC and ProPublica.
Source: Rolling Stone