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Total number of comments: 1 (since 2017-03-06 19:39:28)

Nancy

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  • Is Russian Interference the greatest Threat to Western Democracy?
    • Nancy 03/06/2017 at 1:12 pm

      Trump is not an ideologue. I suspect that starting in 2000, his ego allowed him to became involved in money laundering to save his business empire, then he opened off-shore accounts to hide profits for tax evasion purposes, and gradually also formed more unsavory overseas partnerships which engaged in violations of the Foreign Corrupt Practices Act. All this criminal activity would have been known by the KGB because it involved people in their sphere of influence. The US IC should have an army of forensic accountants looking into Trump's past and current finances.

      The alt-right media has been steadily nurturing white supremacism, along with the fear-mongering Islamophobia industry, for the last 16-years. Trump with his limited cognitive ability for making rational informed decisions, and his celebrity status made him the perfect demagogue for the white supremacists to partner.

      As an international tax accountant, I believe that anyone running for US President should be subject to the same financial reporting disclosure laws for all their businesses as the SEC requires for publicly traded companies. It is not enough to simply see Trump's personal tax returns. To ensure the integrity of the US Presidency, and to be able to enforce the emoluments clause, US law must require GAAP compliant full financial statements for all businesses held by a President and by anyone else who would not be under arm's length transaction rules, whether family or business partners. This is very important.

      Finally, on another note, Rex Tillerson was head of Exxon Yemen starting in 1995 while President Ali Saleh was in power. The UN reported that Yemeni President Saleh amassed between $32-$60,000,000,000 (yes, that is BILLION) in personal wealth primarily from pay-for-play on oil contracts during his presidency in Yemen from 1990-2012. What is the likelihood Tillerson and Exxon did not violate the Foreign Corrupt Practices Act in an oil market as corrupt as Yemen? How might this information affect US strategic political policy in State Department where former President Saleh is a major political player in the Yemen War, and in any negotiated settlement to end the stalemated armed conflict?

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