On Wednesday night’s episode of “The Rachel Maddow Show,’ Maddow revealed that she had exclusive access to a new Newsweek report detailing Donald Trump’s ties to communist Cuba.
The article alleges that Trump’s company conducted business in Cuba despite a US trade embargo.
‘A company controlled by Donald Trump, the Republican nominee for president, secretly conducted business in communist Cuba during Fidel Castro’s presidency despite strict American trade bans that made such undertakings illegal, according to interviews with former Trump executives, internal company records and court filings.’
Keep in mind that, as of this article’s writing, we do not have the full Newsweek story, but if this is accurate then the GOP nominee’s company would be direct violation of the law. The documents allege that his company spent at least $68,000 dollars in Cuba and then, on the advice of a consulting firm, linked the money to a charitable cause to make it appear legal. The article also alleges that the GOP nominee had full knowledge of this illegal business venture.
‘Documents show that the Trump company spent a minimum of $68,000 for its 1998 foray into Cuba at a time when the corporate expenditure of even a penny in the Caribbean country was prohibited without government approval. But the company did not spend the money directly. Instead, with Trump’s knowledge, executives funneled the cash for the Cuba trip through an American consulting firm called Seven Arrows Investment and Development Corporation. Once the business consultants traveled to the island and incurred the expenses for the venture, Seven Arrows instructed senior officers with Trump’s company, then called Trump Hotels & Casino Resorts, on how to make the venture appear legal by linking it after-the-fact to a charitable effort.’
The timing of this business venture is also interesting as it coincides with Trump’s first foray into presidential politics. In 2000, Trump sought the nomination of the Reform Party. As part of his campaign, he spoke to a group of Cuban Americans where he promised to maintain the Cuban embargo and pledged that his company would not do business in Cuba until Castro was removed from power. However, if this report is accurate, then Trump’s company would have already done business in Cuba making his promise a lie.
‘The payment by Trump Hotels came just before the New York business mogul launched his first bid for the White House by seeking the nomination of the Reform Party. On his first day of the campaign, he traveled to Miami where he spoke to a group of Cuban-Americans, a critical voting bloc in the swing state. Trump vowed to maintain the embargo and never spend his or his companies’ money in Cuba until Fidel Castro was removed from power. He did not disclose that, seven months earlier, Trump Hotels already had spent money sending consultants on the secret trip to conduct business in Havana.’
You can watch the video below:
Featured image via Getty Images.