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US News President Trump's Controversial Modeling Agency Is Shutting Down

12:11  11 april  2017
12:11  11 april  2017 Source:   time.com

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Trump Models , the modeling agency that President Trump founded in 1999, is closing. They spoke candidly about their experiences working with the agency , saying that they were told to lie about their professions to customs agents .

Mother Jones reported last week that the firm was on the brink of collapse, and the New York Post confirmed on Friday that Trump ’ s agency was indeed shutting down . In her email, Nicolas did not provide a specific date on which operations will cease. Trump Models employees had assured

Donald Trump in Virginia Beach, VA, on Sept. 6, 2016. © Alex Wong-Getty Images Donald Trump in Virginia Beach, VA, on Sept. 6, 2016. Trump Models, the modeling agency that President Trump founded in 1999, is closing.

A Trump Organization spokesperson told the New York Post Friday evening: "On the heels of the recent sale of the Miss Universe Organization, the Trump Organization is choosing to exit the modeling industry."

"While we enjoyed many years of success, we are focused on our core businesses in the real estate and golf industries and the rapid expansion of our hospitality division."

The news of the closure comes soon after more lengthy reports that the agency had been struggling. Sources within the modeling industry had told Mother Jones that Trump Model employees were "scrambling to get out," and earlier this month, a former manager at the agency left to create his own.

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President Trump held a significant 85% stake in the modeling agency . The New York City-based modeling agency was enveloped in controversy last year after at least three foreign models claimed it had hired them to work in the U. S . illegally under "modern-day slavery" conditions.

One of President Donald Trump ’ s favorite business, his New York City-based modeling agency , Trump Model Management, is shutting down after The agency has been controversial over the years because of charges that it frequently violated U.S. immigration law by allowing girls as young as

Earlier this year, Business Insider interviewed two former Trump models. They spoke candidly about their experiences working with the agency, saying that they were told to lie about their professions to customs agents. One of the two models said she was left in debt to the agency.

The agency was founded by Trump in 1999, and according to his most recent financial disclosures, he owned an 85% stake in the company. 

This article originally appeared on businessinsider.com.

This article was originally published on TIME.com

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