Tag: Foreign Contributions to Trump Inaugural Funds

Under US election laws, foreigners are barred from contributing money as aid to finance political campaigns, including inaugurations. Non-resident foreigners in particular, who are found to have knowingly or unwittingly violated such rule will be fined and/or prosecuted. In Trump’s case, the inaugural committee in charge of handling the presidential inauguration, accepted donations from US registered shell companies that had direct connections to foreign nationalities. In business parlance, a legal entity becomes a shell company if after incorporation and registration it continues to exist only on paper, as it does not engage in any business activity, maintain employees, or set …