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Trump, Inc.

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He’s the President, yet we’re still trying to answer basic questions about how his business works: What deals are happening, who they’re happening with, and if the President and his family are keeping their promise to separate the Trump Organization from the Trump White House. “Trump, Inc.” is a joint reporting project from WNYC Studios and ProPublica that digs deep into these questions. We’ll be layout out what we know, what we don’t and how you can help us fill in the gaps. WNYC Studios is a listener-supported producer of other leading podcasts, including On the Media, Radiolab, Death, Sex & Money, Here’s the Thing with Alec Baldwin, Nancy and many others. ProPublica is a non-profit investigative newsroom. © WNYC Studios

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United States

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WNYC

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He’s the President, yet we’re still trying to answer basic questions about how his business works: What deals are happening, who they’re happening with, and if the President and his family are keeping their promise to separate the Trump Organization from the Trump White House. “Trump, Inc.” is a joint reporting project from WNYC Studios and ProPublica that digs deep into these questions. We’ll be layout out what we know, what we don’t and how you can help us fill in the gaps. WNYC Studios is a listener-supported producer of other leading podcasts, including On the Media, Radiolab, Death, Sex & Money, Here’s the Thing with Alec Baldwin, Nancy and many others. ProPublica is a non-profit investigative newsroom. © WNYC Studios

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English


Episodes

Andrea Bernstein introduces Dead End: A New Jersey Political Murder Mystery

5/3/2022
Andrea Bernstein introduces WNYC colleague Nancy Solomon's new podcast: Dead End: A New Jersey Political Murder Mystery. New Jersey politics is not for the faint of heart. But the brutal killing of John and Joyce Sheridan, a prominent couple with personal ties to three governors, shocks even the most cynical operatives. The mystery surrounding the crime sends their son on a quest for truth. Dead End is a story of crime and corruption at the highest levels of society in the Garden State.

Duration:00:06:07

Introducing Will Be Wild

4/25/2022
Andrea Bernstein introduces Will Be Wild, a new 8-part series about the forces that led to the January 6th insurrection and what comes next. Through in-depth stories from a wide range of characters – from people who tried to stop the attack to those who took part – hosts Andrea Bernstein and Ilya Marritz explore the ongoing effort to bring autocracy to America, the lasting damage that effort is doing to our democracy, and the fate of our attempts to combat those anti-democratic forces. Because January 6th wasn't the end of the story, January 6th was just a practice run.

Duration:00:03:42

And Now, The End Is Near

1/19/2021
This story was co-published with ProPublica. A birth certificate, a bar receipt, a newspaper ad, a board game, a Ziploc bag of shredded paper, a pair of museum tickets, some checks, and a USB drive. The series finale of Trump, Inc. This episode was reported by Andrea Bernstein, Meg Cramer, Anjali Kamat, Ilya Marritz, Katherine Sullivan, Eric Umansky, and Heather Vogell. We assembled our time capsule at Donald J. Trump State Park; it will be stored until 2031 with WNYC's archives department. Trump, Inc. is produced by WNYC Studios and ProPublica. This is the last episode of Trump, Inc. But it's not the end of our reporting: subscribe to our newsletter for updates on what we're doing next. Show your support with a donation to New York Public Radio.

Duration:00:51:01

Nobody Wants To Work With The Trumps Anymore

1/15/2021
In the wake of the Jan. 6 insurrection at the Capitol and an unprecedented second impeachment, a growing number of businesses, governments, and financial institutions are severing ties with President Trump. David Fahrenthold is a Pulitzer Prize-winning reporter who covers the Trump family and its business interests for The Washington Post. Zach Everson reports on who patronizes the Trump family businesses for the newsletter 1100 Pennsylvania. Next week's Trump, Inc. will be the final episode of the series. Subscribe to our newsletter for updates on what we're doing next. Show your support with a donation to New York Public Radio.

Duration:00:37:20

Donald Trump's Legal Hangover

12/17/2020
Donald Trump's presidency is coming to end, but there are ongoing legal investigations that will be following him out of the White House. We examine two of the pending probes into potential wrongdoing by Trump and Trump Organization. One, led by Washington, D.C. Attorney General Karl Racine for potential civil violations, the other by Manhattan District Attorney Cy Vance into possible criminal activity. We speak with AG Racine about his pending legal action.

Duration:00:35:31

Midnight Regulations

11/25/2020
This story was co-published with ProPublica. Sign up for email updates from Trump, Inc. to get the latest on our investigations. Six days after President Donald Trump lost his bid for reelection, the U.S. Department of Agriculture notified food safety groups that it was proposing a regulatory change to speed up chicken factory processing lines, a change that would allow companies to sell more birds. An earlier USDA effort had broken down on concerns that it could lead to more worker injuries and make it harder to stop germs like salmonella. Ordinarily, a change like this would take about two years to go through the cumbersome legal process of making new federal regulations. But the timing has alarmed food and worker safety advocates, who suspect the Trump administration wants to rush through this rule in its waning days. Even as Trump and his allies officially refuse to concede the Nov. 3 election, the White House and federal agencies are hurrying to finish dozens of regulatory changes before Joe Biden is inaugurated on Jan. 20. The rules range from long-simmering administration priorities to last-minute scrambles and affect everything from creature comforts like showerheads and clothes washers to life-or-death issues like federal executions and international refugees. They impact everyone from the most powerful, such as oil drillers, drugmakers and tech startups, to the most vulnerable, such as families on food stamps, transgender people in homeless shelters, migrant workers and endangered species. ProPublica is tracking those regulations as they move through the rule-making process. Every administration does some version of last-minute rule-making, known as midnight regulations, especially with a change in parties. It’s too soon to say how the Trump administration’s tally will stack up against predecessors. But these final weeks are solidifying conservative policy objectives that will make it harder for the Biden administration to advance its own agenda, according to people who track rules developed by federal agencies. “The bottom line is the Trump administration is trying to get things published in the Federal Register, leaving the next administration to sort out the mess,” said Matthew Kent, who tracks regulatory policy for left-leaning advocacy group Public Citizen. “There are some real roadblocks to Biden being able to wave a magic wand on these.” In some instances the Trump administration is using shortcuts to get more rules across the finish line, such as taking less time to accept and review public feedback. It’s a risky move. On the one hand, officials want to finalize rules so that the next administration won’t be able to change them without going through the process all over again. On the other, slapdash rules may contain errors, making them more vulnerable to getting struck down in court. The Trump administration is on pace to finalize 36 major rules in its final three months, similar to the 35 to 40 notched by the previous four presidents, according to Daniel Perez, a policy analyst at the George Washington University Regulatory Studies Center. In 2017, Republican lawmakers struck down more than a dozen Obama-era rules using a fast-track mechanism called the Congressional Review Act. That weapon may be less available for Democrats to overturn Trump’s midnight regulations if Republicans keep control of the Senate, which will be determined by two Georgia runoffs. Still, a few GOP defections could be enough to kill a rule with a simple majority. “This White House is not likely to be stopping things and saying on principle elections have consequences, let’s respect the voters’ decision and not rush things through to tie the next guys’ hands,” said Susan Dudley, who led the Office of Information and Regulatory Affairs in the Office of Management and Budget at the end of the George W. Bush administration. “One concern is the rules are rushed so they didn’t have adequate analysis or public comment, and that’s...

Duration:00:18:33

You're Fired

11/12/2020
As the Trump campaign wages a haphazard legal campaign against the rightful outcome of the 2020 election, the Trump administration is working to remake the federal bureaucracy. • Adam Klasfeld is a senior investigative reporter and editor for Law & Crime.• Denise Turner Roth, an Obama appointee, served as administrator of the Government Services Administration from 2015 to 2017.• Robert Shea was associate director of the Office of Management and Budget under President George W. Bush.• Ronald Sanders, who until last month was chairman of the Federal Salary Council, resigned over an executive order he warned would politicize much of the federal workforce. (Read his letter of resignation here.) Sign up for email updates from Trump, Inc. to get the latest on our investigations.

Duration:00:32:44

Radiolab: What If?

10/31/2020
We're all wondering how the 2020 election will pan out. Our colleagues at Radiolab went looking for answers. This episode was reported by Bethel Habte (who's now a producer at the Gimlet podcast Resistance), with help from Tracie Hunte, and produced by Bethel Habte. Jeremy Bloom provided original music. You can read The Transition Integrity Project’s report here. Sign up for email updates from Trump, Inc. to get the latest on our investigations.

Duration:00:40:39

Trump, Inc.

10/28/2020
Go to New York Magazine to read our list of insiders who profited off the Trump presidency. On April 30, 2018, nine top executives from T-Mobile checked in to the Trump International Hotel in Washington, D.C., with their names on a list of VIP arrivals. They landed in Washington at a critical moment: Just the day before, T-Mobile had announced plans for a merger with Sprint. To complete the deal, the company needed approval from the Justice Department, one block away on Pennsylvania Avenue. Hanging out in the lobby in his trademark hot-pink-and-black T-Mobile hoodie, then CEO John Legere was instantly recognizable to hotel guests. His company wasn’t just patronizing the president’s hotel. It was advertising that it was doing so. That evening, in a closed-door suite just off the hotel lobby, a small group of political donors got to have dinner with the president of the United States. The guests included a steel magnate, who complained to the president about rules limiting the number of hours a trucker could be on the road, and a property developer, who suggested holding the next summit with Kim Jong-un at a site he had built near Seoul. Also in the mix were two then-obscure businessmen, Lev Parnas and Igor Fruman. They had secured an invite to the dinner after promising a $325,000 donation to a Trump-aligned super-PAC. Like the other guests, they came with an agenda. Parnas and Fruman wanted to build an energy business in Ukraine but felt the U.S. ambassador in Kiev, Marie Yovanovitch, stood in their way. Parnas fed the president a fabrication that was sure to get his attention: that Yovanovitch was an anti-Trumper. “She’s basically walking around telling everybody, ‘Wait, he’s going to get impeached,’ ” Parnas told the president. Trump was enraged. Parnas and Fruman and the T-Mobile executives were pulling the same lever that night. And they all got results. T-Mobile’s merger was later approved, and Ambassador Yovanovitch was abruptly removed from the U.S. Embassy in Kiev. Later, Parnas and Fruman were indicted on a -campaign-finance-violations charge (they had concealed the origins of their super-PAC donation) and were arrested with one-way tickets to Vienna in hand. (They have pleaded not guilty and face trial in 2021.) Trump claimed he did not know them. This is the Washington Trump has built these past four years, where people who patronize Trump businesses can expect preferential treatment, where a deputy secretary can oversee a bailout that benefits his family’s company, where administration officials fly in private jets paid for by the public — and where top government officials don’t bother to divest from industries whose policies they oversee. It started at the top, of course. Just nine days before his inauguration, Trump held his first news conference as president-elect. Presiding over a table with towering stacks of folders, Trump’s lawyer suggested there would be a “wall” between Trump’s business and his presidency, even though Trump himself made it quite clear that he would not be divesting. “I have a no-conflict situation because I’m president,” Trump said. “I could run the Trump Organization, great, great company, and I could run the company — the country,” he added. “I’d do a very, very good job, but I don’t want to do that.” Trump never separated himself from his company in any meaningful way. Trump’s daughter Ivanka Trump and her husband, Jared Kushner, also didn’t fully divest from their business interests. The couple made tens of millions of dollars from an array of limited-liability companies while also serving in the White House. Trump’s Commerce secretary, Wilbur Ross, pledged to Congress that he would largely sell off his assets, then took dozens of meetings with executives to whose companies he had personal financial ties. Others did divest, but then proceeded to use their agency budgets as their personal piggy banks. Friends, donors, and hangers-on also thrived. Top GOP financier Elliott...

Duration:00:37:08

Who Matters In America

10/22/2020
Trump, Inc. co-host Andrea Bernstein sits down with Kai Wright, host of The United States of Anxiety, to discuss how American history informs the 2020 election. The conversation, called "Who Matters in America 2020?," was part of Reporter's Notebook series at The Greene Space. Sign up for email updates from Trump, Inc. to get the latest on our investigations.

Duration:00:30:56

Trump, Mnuchin, And The 2017 Tax Overhaul

10/14/2020
President Trump ran for president on three promises: He'd build a wall on the Mexican border, repeal Obamacare, and overhaul the nation's tax system. And approaching the 2020 election, Trump's only accomplished one of them — and even that didn't live up to the hype. "It's important to point out is the impact has been not what he said it would be," says Sally Herships, host and co-executive producer of The Heist, a new podcast from the Center for Public Integrity. "It has not been what he promised, which was, a sizable increase in jobs, higher wages ... just kind of this rainbow-like better life for many Americans." “Not only will this tax bill pay for itself," promised Treasury Secretary Steven Mnuchin, "but it will pay down debt.” Yet nearly every analysis said the changes would add more than $1 trillion trillion to the national debt. This episode of The Heist, "Buyer's Remorse," looks at how the Trump administration rushed the law through. Sign up for email updates from Trump, Inc. to get the latest on our investigations.

Duration:00:45:46

Why We Still Don't Know The Truth About Russia

10/7/2020
In his new book, "Where Law Ends: Inside the Mueller Investigation," prosecutor Andrew Weissmann offers a new account into the inner workings of Special Counsel Robert Mueller's investigation into President Trump. Related episodes:• The Questions Mueller Didn't Ask• Trump's Moscow Tower Problem• Six Tips for Preparing for the Mueller Report, Which May or May Not Be Coming Sign up for email updates from Trump, Inc. to get the latest on our investigations.

Duration:00:28:20

The Kushners’ Freddie Mac Loan Wasn’t Just Massive. It Came With Unusually Good Terms, Too.

10/1/2020
This story was co-published with ProPublica. Sign up for email updates from Trump, Inc. to get the latest on our investigations. After the news broke in May of last year that government-sponsored lending agency Freddie Mac had agreed to back $786 million in loans to the Kushner Companies, political opponents asked whether the family real estate firm formerly led by the president’s son-in-law and top adviser, Jared Kushner, had received special treatment. “We are especially concerned about this transaction because of Kushner Companies’ history of seeking to engage in deals that raise conflicts of interest issues with Mr. Kushner,” Sens. Elizabeth Warren (D-Massachusetts) and Tom Carper (D-Delaware) wrote to Freddie Mac’s CEO in June 2019. The loans helped Kushner Companies scoop up thousands of apartments in Maryland and Virginia, the business’s biggest purchase in a decade. The deal, first reported by Bloomberg, also ranked among Freddie’s largest ever. At the time, the details of its terms weren’t disclosed. Freddie Mac officials didn’t comment publicly then. Kushner’s lawyer said Jared was no longer involved in decision-making at the company. (He does continue to receive millions from the family business, according to his financial disclosures, including from some properties with Freddie Mac-backed loans.) Freddie Mac packaged the 16 loans into bonds and sold them to investors in August 2019. But Kushner Companies hadn’t finished its buying spree. Within the next two months, records show, Freddie Mac backed another two loans to the Kushners for an additional $63.5 million, allowing the company to add two more apartment complexes to its portfolio. A new analysis by ProPublica shows Kushner Companies received unusually favorable loan terms for the 18 mortgages it obtained with Freddie Mac’s backing. The loans allowed the Kushner family company to make lower monthly payments and borrow more money than was typical for similar loans, 2019 Freddie Mac data shows. The terms increase the risk to the agency and to investors who buy bonds with the Kushner mortgages in them. Moreover, Freddie Mac’s estimates of the Kushner properties’ profitability — a core element of any decision to back a loan — have already proven to be overly optimistic. All 16 properties in the firm’s biggest loan package delivered smaller profits in 2019 than Freddie Mac expected, despite the then-booming economy. The loan for the largest property lagged Freddie Mac’s profit prediction by 31% last year. U.S. taxpayers could be responsible for paying back much of the nearly $850 million in Freddie Mac financing if Kushner Companies defaults and its properties drop significantly in value. During the last real estate crash, taxpayers had to bail out Freddie Mac and its larger sibling, Fannie Mae, to the tune of $190 billion as the agencies plunged into the government equivalent of bankruptcy. (The agencies ultimately repaid the money and more.) The involvement of Jared’s sister Nicole Kushner Meyer adds to questions about whether the family sought to exploit its political influence. Meyer, who shares her brother’s slight build, porcelain features and dark chestnut hair, lobbied Freddie Mac in person on behalf of Kushner Companies in February last year, a timeline of the deal obtained by ProPublica shows. She has previously drawn criticism for invoking her brother’s name while doing Kushner Companies’ business before. In a statement Freddie Mac said it does “not consider the political affiliations of borrowers or their family members.” It called ProPublica’s analysis “random, arbitrary and incomplete” and asserted that the Kushner loans “fit squarely within our publicly-available credit and underwriting standards. The terms and performance of every one of these loans is transparent and available on our website, and all the loans are current and have been consistently paid.” A spokesperson for Kushner Companies did not respond to calls and emails seeking...

Duration:00:35:06

Trump's Taxes, Finally

9/28/2020
President Trump has spent years fighting with politicians and prosecutors who wanted to see his taxes. Now we know what he’s been hiding. Co-host Ilya Marritz talks to ProPublica's Heather Vogell and WNYC's Meg Cramer about what's in the groundbreaking new reporting from The New York Times and the new questions raised by 20 years of Trump tax data. Check out some of our own stories from years of covering President Trump's taxes: • The Accountants• The Family Business• The Numbers Don't Match • What We've Learned From Trump's Tax Transcripts• Trump and Taxes: The Art of the Dodge• Trump’s Company Is Suing Towns Across the Country to Get Breaks on Taxes

Duration:00:21:17

Block The Vote

9/24/2020
This story was co-published with ProPublica. Sign up for email updates from Trump, Inc. to get the latest on our investigations. President Trump likes talking about voter fraud. He also likes filing lawsuits. Now his campaign is filing lawsuits across the country, citing the alleged dangers of voter fraud. Plus: ProPublica reporters Mike Spies, Jake Pearson, and Jessica Huseman on secret, Republican-only meetings about election policy.

Duration:00:30:42

The Empty Office at 555 California St.

9/17/2020
The Qatari government rents office space in President Trump's most profitable building. No one works there. Dan Alexander is a senior editor at Forbes and author of the new book "White House Inc: How Donald Trump Turned The Presidency Into a Business." This interview is based on an excerpt of the book that ran in Vanity Fair.

Duration:00:27:27

Blindspot

9/12/2020
The story of the long, strange wind-up to the attack that remade the world… and the chances we had to stop it. A new series from HISTORY and WNYC Studios.

Duration:00:49:22

The Perry Deals

9/10/2020
This story was co-published with Time Magazine and ProPublica. Sign up for email updates from Trump, Inc. to get the latest on our investigations. Rick Perry came to Washington looking for a deal, and less than two months into his tenure as Energy Secretary, he found a hot prospect. It was April 19, 2017, and Perry, the former Texas governor, failed presidential candidate and contestant on Dancing With the Stars, was sitting in his office on Independence Avenue with two influential Ukrainians. “He said, ‘Look, I’m a new guy, I’m a dealmaker, I’m a Texan,’” recalls one of them, Yuriy Vitrenko, then Ukraine’s chief energy negotiator. “We’re ready to do deals,” he remembers Perry saying. The deals they discussed that day became central to Ukraine’s complex relationship with the Trump Administration, a relationship that culminated in December with the House vote to impeach President Donald Trump. Perry was a leading figure in the impeachment inquiry last fall. He was among the officials, known as the “three amigos,” who ran a shadow foreign policy in Ukraine on Trump’s behalf. Their aim, according to the findings of the impeachment inquiry in the House, was to embarrass Trump’s main political rival, Joe Biden. Alongside this political mission, Perry and his staff at the Energy Department worked to advance energy deals that were potentially worth billions of dollars to Perry’s friends and political donors, a six-month investigation by reporters from TIME, WNYC and ProPublica shows. Two of these deals seemed set to benefit Energy Transfer, the Texas company on whose board Perry served immediately before and after his stint in Washington. The biggest was worth an estimated $20 billion, according to U.S. and Ukrainian energy executives involved in negotiating them. If this long discussed deal succeeds, Perry himself could stand to benefit: in March, three months after leaving government, he owned Energy Transfer shares currently worth around $800,000, according to his most recent filing with the Securities and Exchange Commission. Perry appears to have stayed on the right side of the law in pursuing the Ukraine ventures. Federal prosecutors in the Southern District of New York questioned at least four people about the deals over the past year, according to five people who are familiar with the conversations and discussed them with our reporting team on condition of anonymity. “As far back as last year, they were already interested in events that had taken place in Ukraine around Rick Perry,” including ­allegations that Perry “was trying to get deals for his buddies,” says one of the people who spoke to the Manhattan prosecutors. Perry is not a target of their investigation, according to two sources familiar with the probes. But two ethics experts say Perry’s efforts were violations of federal regulations. Administration officials are not allowed to participate in matters directly relating to companies on whose board they have recently served. Other experts say Perry and his aides may have broken a federal rule that prohibits officials from advocating for companies that have not been vetted by the Commerce Department. “Even if it skirts the criminal statute, it’s still unethical,” says Richard Painter, the top ethics lawyer in the White House of President George W. Bush, with whom we shared our findings. Through a spokesman, Perry said he “never connected or ­facilitated discussions” between Energy Transfer and Ukraine’s state energy firm in one of the deals we uncovered. The spokesman declined to comment on the other ventures Perry advanced while in government, including the $20 ­billion deal, or on the federal probe. In response to written questions for this article, Energy Transfer said, “We are not aware of any contact between Secretary Perry and Ukrainian officials on Energy Transfer’s behalf.” Read the full print story by Time reporter Simon Shuster. Update, Sept. 24, 2020: Sen. Ron Wyden (D-Ore.) sent a letter on...

Duration:00:36:55

Mary Trump

8/28/2020
Mary Trump, a clinical psychologist and President Trump's niece, talks to co-host Andrea Bernstein about the Trump family, the Republican National Convention, and her book "Too Much and Never Enough: How My Family Created the World's Most Dangerous Man." Additional reading:• In secretly recorded audio, President Trump’s sister says he has ‘no principles’ and ‘you can’t trust him’ (The Washington Post)• Mary Trump, The President's Niece (Fresh Air) This conversation originally aired as part of WNYC’s Special Convention Coverage 2020.

Duration:00:26:53

The Russia Report

8/26/2020
In this bonus episode of Trump, Inc., co-hosts Ilya Marritz and Andrea Bernstein talk to Politico’s Natasha Bertrand and The Atlantic’s Franklin Foer about the new report from the Senate Select Committee on Intelligence detailing Russia's role in the 2016 election. Additional reading:• “Russiagate Was Not A Hoax” by Franklin Foer• “The Trump-Putin Relationship, as Dictated by the Kremlin” and “How a Russian disinfo op got Trump impeached” by Natasha Bertrand• Read the full Senate report.This conversation originally aired part of WNYC’s Special Convention Coverage 2020.

Duration:00:33:06