HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » NEW Propublica/WNYC inves...

Wed Oct 17, 2018, 06:03 PM

NEW Propublica/WNYC investigation shows Trump didn't just license his name-- he was deeply involved

in the shady deals his business was connected with.

https://features.propublica.org/trump-inc-podcast/trump-family-business-panama-city-khafif/

Pump and Trump

Donald Trump claims he only licensed his name for real estate projects developed by others. But an investigation of a dozen Trump deals shows deep family involvement in projects that often involved deceptive practices.

by Heather Vogell, ProPublica, with Andrea Bernstein and Meg Cramer, WNYC, and Peter Elkind, ProPublica

October 17, 2018

This story was co-published with WNYC.

SINCE DONALD TRUMP’S FORTUNES came surging back with the success of “The Apprentice” 14 years ago, his deals have often been scrutinized for the large number of his partners who have ventured to the very edges of the law, and sometimes beyond. Those associates have included accused money launderers, alleged funders of Iran’s Revolutionary Guard and a felon who slashed someone in the face with a broken margarita glass.

Trump and his company have typically countered by saying they were merely licensing his name on these real estate projects in exchange for a fee. They weren’t the developers or in any way responsible.

But an eight-month investigation by ProPublica and WNYC reveals that the post-millennium Trump business model is different from what has been previously reported. The Trumps were typically way more than mere licensors or bystanders in their often-troubled deals. They were deeply involved in these projects. They helped mislead investors and buyers — and they profited handsomely from it.

Patterns of deceptive practices occurred in a dozen deals across the globe, as the business expanded into international projects, and the Trumps often participated. One common pattern, visible in more than half of those transactions, was a tendency to misstate key sales numbers.


SNIP





1 replies, 620 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply NEW Propublica/WNYC investigation shows Trump didn't just license his name-- he was deeply involved (Original post)
pnwmom Oct 17 OP
Midnightwalk Oct 17 #1

Response to pnwmom (Original post)

Wed Oct 17, 2018, 06:59 PM

1. Wow another great ProPublica article

Still reading but some great stuff. Stuff we've read before with the Toronto Towers, but more on how the Trumps make money even as everyone else is losing theirs. Also some on how the buyers show signs of "classic money laundering".

Back to reading. Thanks for posting.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread