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Article

17 Dec 2018

Author:
Matthew Mosk, Kyra Phillips, Alex Hosenball, Kaitlyn Folmer & Brian Epstein, ABC News

Trump Organization plots return to Dominican Republic, sparking ethics concerns

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When the Trump Organization left the Dominican Republic after the economy crashed ten years ago, their plans for dozens of luxury estates in a Trump-branded development appeared to leave with them... Now, there are signs the Trump brand may be returning to the Dominican Republic, and that has critics sounding alarms about the potential conflicts of interest... The Trump Organization calls the Global Witness report “completely false,” maintaining that it has no new development deals in the works and insists talks with the Dominican developers have been infrequent. “In 2007, the company entered into a license agreement with a local developer for a multi-component real estate development project to be built over several years,” said the company in a statement. “Though there have been some discussions about starting the next phase of the development, there are no plans in place at this time.” An executive at the Trump Organization told ABC News that the company’s original 2007 agreement always envisioned their return to build a beachfront hotel and condominium project. “This was all contemplated from day one,” said the executive, who asked to remain anonymous because he was not authorized to discuss the deal publicly... “New or old, Trump’s business in the Dominican Republic poses a conflict of interest for him and for the American people,” a new report from Global Witness said, “as his business interests and the foreign policy interests of the U.S. may not always align.”