Company advised by Trump sons said it hoped to benefit from fed money, then took it back

A public document filed by a company that just hired President Donald Trump’s two oldest sons as advisers included a sentence early Monday that said it hoped to benefit from grants and other incentives from the federal government, which their father happens to lead.

But when The Associated Press asked the Trump family business about the apparent conflict of interest, the document was revised and the line taken out.

Eric Trump and Donald Trump Jr. are getting “founder shares” worth millions of dollars in New America Acquisition 1 Corp., a company with no operating business that hopes to fill that hole by purchasing an American company that can play “a meaningful role in revitalizing domestic manufacturing,” according to to the filing. The president has geared his trade policy toward boosting manufacturing in the U.S.

The original version of the securities filing said the target company should be “well positioned” to tap federal or state government incentives. That reference was taken out of the revised version of the filing.

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Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

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