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Trump's company violated embargo against Cuba
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| Parent(s) |
Race
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| Contributor | RP |
| Last Edited | RP Sep 29, 2016 05:32pm |
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| Category | Report |
| Author | Rebecca Savransky |
| News Date | Thursday, September 29, 2016 01:20:00 PM UTC0:0 |
| Description | A company controlled by Donald Trump violated American trade bans by doing business in Cuba under Fidel Castro's presidency, according to a Newsweek report Thursday.
The company, called Trump Hotels & Casino Resorts at the time, spent at least $68,000 during its 1988 "foray" into Cuba, the report said.
Executives at the company "funneled" the cash for the trip through an American consulting firm called Seven Arrows Investment and Development Corporation.
After the consultants went to Cuba, Seven Arrows helped Trump's senior officers make the trip and expenses in Cuba look legal by linking it to a charitable effort, according to Newsweek.
But at the time, corporate expenditure in communist Cuba was illegal without the approval of the U.S. government. |
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