Letter Says Trump Resigned From His Companies Before Taking Office

The Trump Organization has released the president's letter of resignation from almost 500 companies.
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Letter Says Trump Resigned From His Companies Before Taking Office

White House press secretary Sean Spicer told reporters, "Don and Eric are fully in charge of the company."

The White House insists President Trump has handed his sons Eric and Donald Jr. control of his vast network of businesses, known as the Trump Organization.

Now, the Trump Organization has released some proof: a mass resignation letter from Trump, dated one day before he took office.

The 19-page document lists almost 500 organizations Trump says he's resigned from.

CNN, which first received the document, reports the Trump Organization has added an ethics officer and a chief compliance officer to help avoid conflicts of interest.

A private letter is all Trump needs to resign from his companies. But transferring ownership of his biggest companies requires paperwork to be filed in Florida, Delaware and New York.

ProPublica reports Trump has currently filed to step down from at least 14 of his companies in Florida. Officials in New York and Delaware told the outlet they had not received any of the needed paperwork from Trump.

And Trump still hasn't given any evidence that he's divested from his financial stakes in the organization — which still leaves him open to conflicts of interest.