President Trump maintains a bank account in China, The New York Times reports, and his tax records show that he spent at least a decade attempting, unsuccessfully, to get licensing deals while pursuing other projects in the country.
The Times, drawing on Trump's tax records, found that he has three foreign bank accounts — the other two are in Britain and Ireland — and none of them appear on his public financial disclosures because they are held under corporate names. The account in China is controlled by Trump International Hotels Management LLC, which paid $188,561 in taxes in China while trying to secure licensing deals from 2013 to 2015.
Trump first started attempting to get licensing deals in China in 2006, the Times reports, and tax records show he specifically created five small companies as part of this endeavor, investing $192,000. He filed multiple trademark applications in Hong Kong and mainland China in 2006, and several were approved after he became president.
Trump International Hotels Management is involved in management of Trump-branded properties around the world, and directly owns THC China Development. It typically only reported a few million dollars in annual income and deductions, but in 2017, the company reported $17.5 million in revenue — more than in the previous five years combined, the Times reports. At the same time, the tax records show, Trump made a $15.1 million withdrawal from the company's capital account. On his public financial disclosures that year, Trump described the revenue figure as "management fees and other contract payments."
Alan Garten, a lawyer for the Trump Organization, told the Times the company "opened an account with a Chinese bank having offices in the United States in order to pay the local taxes" associated with doing business there. Trump established an office in Shanghai in order to "explore the potential for hotel deals in Asia," Garten added, but "no deals, transactions, or other business activities ever materialized and, since 2015, the office has remained inactive. Though the bank account remains open, it has never been used for any other purpose." He would not name the bank in China where Trump has an account. Catherine Garcia
The White House said Tuesday night that President Biden has accepted an invitation from House Speaker Nancy Pelosi (D-Calif.) to address a joint session of Congress on April 28, the night before his 100th day in office. Pelosi extended the invitation earlier Tuesday, suggesting Biden could "share your vision for addressing the challenges and opportunities of this historic moment."
It isn't clear yet how the COVID-19 pandemic will affect the speech, traditionally attended by all members of the House and Senate, plus Supreme Court justices and Cabinet members. The House, which will host the address in its chamber, has enacted social distancing measures and requires everyone to wear a mask, and the visitor gallery, usually full during such speeches, has been closed to the public.
Biden is delivering his inaugural address to Congress later in his first year than his predecessors Donald Trump and Barack Obama did. Although the April 28 event will resemble a State of the Union address, presidents don't deliver that speech until their second year in office. Peter Weber
For the third night in a row, hundreds of people have surrounded police headquarters in Brooklyn Center, Minnesota, protesting against the officer-involved shooting of Daunte Wright, a 20-year-old Black man.
Some protesters have been throwing bottles and other objects at police officers, who in turn have deployed tear gas and flash bangs, the Star Tribune reports. A curfew will go into effect in Brooklyn Center at 10 p.m., and at 9 p.m., law enforcement declared the protest was an "unlawful assembly" and ordered the crowd to disperse.
Wright died on Sunday afternoon, after being shot during a traffic stop. On Monday, Brooklyn Center Police Chief Tim Gannon told reporters it appeared the officer, Kim Potter, meant to fire her Taser, but accidentally grabbed her gun. Both Gannon and Potter resigned on Tuesday. Catherine Garcia
Nearly 25 years after 19-year-old college student Kristin Smart vanished while walking back to her dorm, a former classmate, Paul Flores, 44, has been charged with one count of murder in connection with her disappearance.
Flores' father, Ruben Ricardo Flores, 80, was also arrested on Tuesday and accused of helping his son dispose of Smart's remains.
Smart, a freshman at California Polytechnic State University San Luis Obispo, disappeared in May 1996 after attending a party. Witnesses said Paul Flores said he would make sure she made it safely back to her dorm, but Smart was never seen again. Classmates described Flores as awkward and unpopular, the Los Angeles Times reports, and during questioning from authorities, he admitted to lying about how he got a black eye. Investigators used search dogs and radar equipment to try to find Smart's body, but her remains have never been discovered. She was declared dead in 2002.
San Luis Obispo County Sheriff Ian Parkinson told reporters on Tuesday that new evidence in the case was secured in 2016, and in 2019, after hearing a podcast about the Smart case, witnesses came forward and were interviewed for the first time by authorities. Search warrants were issued for the home of Flores, his father, his mother, and his sister, and during a second search of Flores' home, physical evidence "related to the murder of Kristin Smart" was found, Parkinson said.
An attorney for Paul Flores declined to comment, while an attorney for Ruben Flores told the Times his client is "absolutely innocent." Parkinson said police will continue to look for Smart's remains, and in a statement, her family said they hope the arrests of Paul and Ruben Flores will be "the first step to bringing our daughter home." Catherine Garcia
Joel Greenberg, the former tax collector for Seminole County, Florida, has been providing information about the conduct of Rep. Matt Gaetz (R-Fla.) to federal investigators since last year, two people with knowledge of the matter told The New York Times on Tuesday.
In late March, the Times reported that Gaetz, 38, was the subject of a Justice Department investigation into whether he had sex with a 17-year-old girl and paid for her to travel out of state with him. The Times says the inquiry stemmed from an investigation into Greenberg, who has been charged with sex trafficking of a minor, stalking, and bribery.
People familiar with the matter told the Times that once Greenberg realized how much evidence the government had on him, he determined that in order to get leniency, he would need to start cooperating. He reportedly told investigators that he and Gaetz gave cash and gifts to women in exchange for sex.
During a hearing last week, Greenberg's lawyer and a federal prosecutor told the judge it's likely Greenberg will plead guilty sometime in the next few weeks. Following the hearing, Greenberg's attorney, Fritz Scheller, said, "I'm sure Matt Gaetz is not feeling very comfortable today." Gaetz spokesman Harlan Hill told the Times that Gaetz "has never paid for sex" and proposed that Greenberg is "trying to ensnare innocent people in his troubles." Catherine Garcia
After nearly two weeks, the prosecution on Tuesday morning rested its case against former Minneapolis Police Officer Derek Chauvin, and the defense began calling its witnesses, including a former police trainer who said Chauvin was justified in using a prone restraint against George Floyd.
Chauvin, a 45-year-old white man and 19-year police veteran, is facing murder and manslaughter charges in the death of Floyd, a 46-year-old unarmed Black man who died while being arrested on suspicion of using a fake $20 bill. A bystander recorded the arrest, and the video shows Chauvin with his knee on Floyd's neck for more than nine minutes.
The prosecution called to the stand several use-of-force experts, police officers, and Minneapolis Police Chief Medaria Arradondo to testify about Chauvin's actions during the arrest, with Arradondo saying he "absolutely" violated department policy, adding, "that is not what we teach."
One of the first witnesses the defense called on Tuesday, former police trainer Barry Brodd, testified that Floyd was resisting officers, and as such, Chauvin was justified in using a prone restraint. Officer Peter Chang, who responded to the scene of Floyd's arrest, also testified that the crowd gathered nearby was "very aggressive," and he was "concerned for the officers' safety, too."
The defense argument is that Floyd's underlying heart disease and the fentanyl and methamphetamine in his system led to his death, not having Chauvin's knee on his neck for more than nine minutes. Several prosecution witnesses testified earlier in the trial that Floyd died due to low oxygen levels, with cardiology expert Dr. Jonathan Rich asserting that it was "truly the prone restraint and positional restraints that led to his asphyxiation." Catherine Garcia