Ivanka Trump’s jewelry business just got caught up in a scandal with a Dubai oil family
Ivanka Trump can’t seem to run a business that doesn’t get involved in a scandal. The latest impropriety comes with her now-defunct Ivanka Trump Fine Jewelry company which was used in a money-laundering scheme by an Emirati oil family to avoid paying a multi-million dollar debt, according to a report this week by GQ . With Trump properties’ long history as attractive assets for questionable foreign investment, it looks like the Trump name is attracting dirty money by the truckload even in the non-real estate sectors. The Ivanka Trump Fine Jewelry company was the first independent business venture that the President’s daughter embarked upon. Like many of the Trump family businesses, it was a licensing deal that allowed an existing jewelry company, Madison Avenue Diamonds, to use the Ivanka Trump name to market their glittering wares. According to GQ , at one point Ivanka also owned an equity stake in the business, as well as receiving licens...