The Manhattan billionaire and his surrogates have previously said that leaving control of the family business to the three children would constitute a “blind trust,” even though that situation would not meet the legal definition of a true blind trust. Giuliani noted in his Sunday morning interview on CNN’s “State of the Union” that the president is not required by law to use a blind trust and that allowing the three children, all of whom are executive vice presidents of the Trump Organization, to run the company would be acceptable.
“It would seem to me that if he set up a situation in which the children were running it, there was a legal or clear document that meant that he would not be involved, he would have no interest in it, he would have no input into it, he would just have a passive interest, that would be the kind of thing that would work here,” the former New York mayor and close Trump adviser said.
“It’s kind of unrealistic to say, you’re going to take the business away from the three people who are running it, and give it to some independent person.”
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