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Trump makes thousands in club fees in 'unusual' benefit

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Old 07-09-2017, 10:55 PM   #1
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Default Trump makes thousands in club fees in 'unusual' benefit

Trump makes thousands in club fees in 'unusual' benefit
BY Elizabeth Elizalde
Sunday, July 9, 2017

A report reveals that President Trump benefits from member ship fees at his clubs even while in office.

(Luis M. Alvarez/AP)
President Trump benefits from membership profits, raking in tens of thousands of dollars each time people want to join his lavish clubs, a report reveals.
A McClatchy investigation through documents and interviews found that Trump has been benefitting from memberships – which include initiation fees worth as much as $450,000 per person – for years while still accepting refundable deposits.
Trump had set up policies at his Mar-a-Lago Club in Palm Beach, Fla., Trump National Golf Club in Bedminster, N.J., and others that would allow him to collect high fees from new members while establishing rules saying he could spend the money any way he pleases, McClatchy reported.
Jay Karen, CEO of the National Golf Course Owners Association, told the outlet that the President’s actions, if true, are “definitely unusual.”
President Trump has visited the golf course 37 times, according to an NBC golf tracker.

(Jeff J Mitchell/Getty Images)
Initiation fees at Mar-a-Lago have soared to $200,000 since Trump won the presidential election in November. McClatchy reported that based off of his recent disclosure statement, Trump has recorded more than $325 million from his golf clubs and resorts.
The Trump Organization – which is run by Trump's sons, Eric and Donald Jr. – did not respond to a request for comment.
The President, who has criticized his predecessor Barack Obama for spending time on the golf course while in office, has visited Mar-a-Lago 25 days and his golf clubs 37 days since his inauguration in January, according to an NBC golf tracker.
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