Welcome, Guest! - or
Easy to remember!  »  VinNews.com

New York - AP: Trump Jr., Donor Have Longtime Undisclosed Ties

Published on: March 12, 2018 03:03 PM
By: AP
Change text size Text Size  
Donald Trump Jr, the eldest son of US President Donald Trump, speaks at a Global Business Summit in New Delhi, India, Friday, Feb. 23, 2018. The U.S. president's eldest son heaped praise on the Indian media Friday, and accused American journalists of unfair criticism, as he neared the end of a whirlwind trip across India promoting Trump-brand luxury real estate. Donald Trump Jr. said at an Indian business summit that life since his father's election "has been difficult from a family standpoint," but that he'd enjoyed the coverage he'd received during this trip. (AP Photo/Manish Swarup)Donald Trump Jr, the eldest son of US President Donald Trump, speaks at a Global Business Summit in New Delhi, India, Friday, Feb. 23, 2018. The U.S. president's eldest son heaped praise on the Indian media Friday, and accused American journalists of unfair criticism, as he neared the end of a whirlwind trip across India promoting Trump-brand luxury real estate. Donald Trump Jr. said at an Indian business summit that life since his father's election "has been difficult from a family standpoint," but that he'd enjoyed the coverage he'd received during this trip. (AP Photo/Manish Swarup)

New York - Donald Trump Jr. has a previously undisclosed business relationship with a longtime hunting buddy who helped raise millions of dollars for his father’s 2016 presidential campaign and has had special access to top government officials since the election, records obtained by The Associated Press show.

Advertisement:

The president’s eldest son and Texas hedge fund manager Gentry Beach have been involved in business deals together dating back to the mid-2000s and recently formed a company — Future Venture LLC — despite past claims by both men that they were just friends, according to previously unreported court records and other documents obtained by AP.

Beach last year met with top National Security Council officials to push a plan that would curb U.S. sanctions in Venezuela and open up business for U.S. companies in the oil-rich nation.

Ethics experts said their financial entanglements raised questions about whether Beach’s access to government officials and advocacy for policy changes were made possible by the president’s son’s influence — and could also benefit the Trump family’s bottom line.

“This feeds into the same concerns that we’ve had all along: The really fuzzy line between the presidency and the Trumps’ companies,” said Noah Bookbinder, who leads Citizens for Responsibility and Ethics in Washington, a public policy group. “Donald Trump Jr. sort of straddles that line all the time.”

Last February, just as Trump Sr. was settling into office, Beach and an Iraqi-American businessman met with top officials at the National Security Council to present their plan for lightening U.S. sanctions in Venezuela in exchange for opening business opportunities for U.S. companies, according to a former U.S. official with direct knowledge of the proposal.

Career foreign policy experts were instructed to take the meetings, first reported last April by the website Mic.com, at the direction of the West Wing because Beach and the businessman were friends of Trump Jr., the official said.

The official, who spoke on condition of anonymity to discuss sensitive government work, said that inside the NSC lawyers raised red flags about the appropriateness of the meeting.

The U.S. didn’t act on the pitch, which would have gone against the president’s hard-line stance on the South American nation and its president, Nicolas Maduro.

Seven months after the Venezuela meetings, Beach attended a private lunch in Dallas between Interior Secretary Ryan Zinke and Republican donors, including businessmen with petroleum interests, according to a copy of Zinke’s schedule.

The Interior Department didn’t respond to a request for comment about the meetings. A White House official said Trump Jr. didn’t arrange Beach’s visit to the NSC and his proposal was dismissed.

In a statement, the Trump Organization said Trump Jr. has never played a role arranging meetings “with anyone at the White House or any other government agency.”

Alan Garten, the Trump Organization’s general counsel, acknowledged that Trump Jr. had invested with Beach in the past, but referred AP to a statement released by the company in April, which said their relationship was “strictly personal.”

In a statement provided by a friend, Beach said it was “absolutely not true” that he’d ever “used my longtime personal friendship with Donald Trump Jr.” to influence government decision making.

According to his friends, Beach, who has known Trump Jr. since they attended the University of Pennsylvania together in the late 1990s, developed his own relationships during the campaign and inauguration and doesn’t need Trump Jr. to broker introductions.

Beach was an avid fundraiser and campaigner for President Trump, particularly in Texas, where Trump Jr. told donors last March that Beach and another longtime hunting pal, Tom Hicks Jr., raised millions for his father’s campaign, according to the Dallas Morning News.

After the election, Beach served as a finance vice chairman for the inaugural committee and faced scrutiny after a nonprofit he started at the time advertised hunting and fishing trips with Trump Jr. and his brother, Eric, to million-dollar donors.

Last October, Beach incorporated a business called Future Venture LLC in Delaware without listing any Trump connection, signing himself as the entity’s agent.

But a disclosure report filed with New York City officials and obtained by AP via a public records request shows Trump Jr. is named as the president, secretary and treasurer of the company.

The purpose of the limited liability company could not be determined from the filings. The Trump Organization said it was set up to pursue technology investments.

Previously unreported court documents show that the two men, each a godfather to one of the other’s sons, did business together well before they formed Future Venture.

In a 2010 deposition, Trump Jr. testified that he had twice made investments in ventures that Beach had an interest in: $200,000 in a dry Texas oil well managed by Beach’s father and an undisclosed amount in a failed mining stock affiliated with Beach’s uncle.

In August 2008, while the two men were golfing together in New York, Beach suggested Trump Jr. sell his shares in the tanking stock “if you need the tax loss,” according to a copy of his testimony filed in a long running civil lawsuit between Beach and a former employer, hedge funder Paul Touradji.

Beach’s father, Gary Beach, was convicted last month of federal bankruptcy fraud after a seven-day trial in Dallas.

Trump Jr. testified that he had other business discussions with Beach — but not all of them came to fruition, including a plan to buy a hunting preserve in Mexico with Beach.

Trump Jr. also referred Beach to someone he knew from Saudi Arabia when Beach was working on a potential oil purchase and invested $50,000 along with his sister Ivanka in an Argentine resort developed by one of Beach’s friends, he testified.

Trump Jr. estimated he exchanged roughly 500 emails with Beach at the time of his 2010 deposition.

Pressed for details about the oil well deal in his deposition, Trump Jr. indicated he wasn’t well versed in the oil-and-gas business.

“You know, I put some money with a friend,” he testified.



More of today's headlines

London - Britain's prime minister said Monday that it's "highly likely" that Russia was responsible for poisoning ex-spy Sergei Skripal with a military-grade nerve agent... Washington - The Trump administration is finishing up its Middle East peace plan and intends to make it public soon, The New York Times reported. According to the...

 

Total14

Read Comments (14)  —  Post Yours »

1

 Mar 12, 2018 at 03:20 PM yonasonw Says:

Her Archy...this story describes classic "swamp"...and please, look before you leap...research a bit before you fire back.

2

 Mar 12, 2018 at 03:23 PM hashomer Says:

More insider trading and profiteering from Criminal Trumpf Family. This make Grant administration look clean. Looks like the socialist Venezuela govt has more credibility than Trumpf. Saad, so saaad...

3

 Mar 12, 2018 at 04:24 PM Hashomer is Himmler Says:

Reply to #2  
hashomer Says:

More insider trading and profiteering from Criminal Trumpf Family. This make Grant administration look clean. Looks like the socialist Venezuela govt has more credibility than Trumpf. Saad, so saaad...

Blah. Blah. Blah.

4

 Mar 12, 2018 at 04:26 PM Phineas Says:

It's basically Albany-style pay to play mingling of government and personal business.

5

 Mar 12, 2018 at 04:28 PM Educated Archy Says:

Reply to #1  
yonasonw Says:

Her Archy...this story describes classic "swamp"...and please, look before you leap...research a bit before you fire back.

Bottom line,

The U.S. didn’t act on the pitch, which would have gone against the president’s hard-line stance on the South American nation and its president, Nicolas Maduro.

Thank you

6

 Mar 12, 2018 at 05:08 PM Anonymous Says:

Reply to #1  
yonasonw Says:

Her Archy...this story describes classic "swamp"...and please, look before you leap...research a bit before you fire back.

This is just Fake news. This is not swamp at all. If Obama or H would have done this than it would be swamp.

7

 Mar 13, 2018 at 09:44 AM yonasonw Says:

Reply to #5  
Educated Archy Says:

Bottom line,

The U.S. didn’t act on the pitch, which would have gone against the president’s hard-line stance on the South American nation and its president, Nicolas Maduro.

Thank you

Your comment addresses not at all the ethics of Trumpty Dumpty and Trumpty Dumpty, Jr., or the "fuzzy line" between the presidency and their businesses.

8

 Mar 13, 2018 at 11:28 AM Educated Archy Says:

Reply to #7  
yonasonw Says:

Your comment addresses not at all the ethics of Trumpty Dumpty and Trumpty Dumpty, Jr., or the "fuzzy line" between the presidency and their businesses.

Trump JR is not presdient. And we can't hold senior responsible for JR. Nor can we hold ivanaka responsible for senior. Trump himself was above it and did not scum to the temptation.

9

 Mar 13, 2018 at 11:32 AM Educated Archy Says:

Reply to #7  
yonasonw Says:

Your comment addresses not at all the ethics of Trumpty Dumpty and Trumpty Dumpty, Jr., or the "fuzzy line" between the presidency and their businesses.

Ill tell it to you thru your lenses.

My rav once said the following vort When you are young your taiva is money and wealth. But at older ages kovod kicks in more as the tavaia.

Trump very much follows that. His narcsisim is no longer about wealth. He has that all. He didn't become president to enrich himself. He became president because he loves the kovod. He wants to be the best president g-d ever created. He won't sell the country for some money because then it will ruin his image.

10

 Mar 13, 2018 at 03:12 PM Anonymous Says:

Reply to #1  
yonasonw Says:

Her Archy...this story describes classic "swamp"...and please, look before you leap...research a bit before you fire back.

Please learn how to spell so you don’t keep embarrassing yourself, ProFRESSER.

11

 Mar 13, 2018 at 03:13 PM Anonymous Says:

Reply to #2  
hashomer Says:

More insider trading and profiteering from Criminal Trumpf Family. This make Grant administration look clean. Looks like the socialist Venezuela govt has more credibility than Trumpf. Saad, so saaad...

How amazing that yoni and hashishomer always post within a minute of “each other”and are both conspicuously absent from all the articles which are flattering of the President! Snowflake liberalism indeed,

12

 Mar 13, 2018 at 03:15 PM Anonymous Says:

Reply to #7  
yonasonw Says:

Your comment addresses not at all the ethics of Trumpty Dumpty and Trumpty Dumpty, Jr., or the "fuzzy line" between the presidency and their businesses.

Get a life, snowflake.

13

 Mar 13, 2018 at 03:14 PM Anonymous Says:

Reply to #2  
hashomer Says:

More insider trading and profiteering from Criminal Trumpf Family. This make Grant administration look clean. Looks like the socialist Venezuela govt has more credibility than Trumpf. Saad, so saaad...

I hate Trumpf, agent orange, orange yutz, I’m an obsessed snowflake with zero IQ, help me, arrrrgggghhh!

14

 Mar 13, 2018 at 04:05 PM yonasonw Says:

Reply to #9  
Educated Archy Says:

Ill tell it to you thru your lenses.

My rav once said the following vort When you are young your taiva is money and wealth. But at older ages kovod kicks in more as the tavaia.

Trump very much follows that. His narcsisim is no longer about wealth. He has that all. He didn't become president to enrich himself. He became president because he loves the kovod. He wants to be the best president g-d ever created. He won't sell the country for some money because then it will ruin his image.

Tillerson said it like it is---Trump is a moron...an adulterous, predatory lying one at that...he's incapable of being anything else.

And don't again protest that you are not supportive of Trumpty Dumpty's adultery or assaultive behavior...for the issue has not at all shaped your opinion of the animal. L'havdil ben eluf havdalus, like supporters of Hitler my father know in 1933 Heidelberg who, tsk tsk tsk, didn't approve of their Fuhrer's anti-Semitism.

15

Sign-in to post a comment

Click here to sign-in.

Scroll Up
Advertisements:
Sell your scrap gold and broken jewelry and earn hard cash sell gold today!