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Mon Mar 30, 2020, 11:13 PM

Court Rules Against Trump's Business in Fraud Case Stemming from Sale of Controversial Hotel

A federal court in Manhattan on Monday ruled against President Donald Trumpís private business, finding that a former business partner could pursue fraud claims stemming from allegations that the presidentís company evaded income taxes and under-represented expenses at its scandal-plagued Panama hotel and condominium complex.

The plaintiffs, Ithaca Capital Investments (Capital), purchased a majority of the units in the Panama project in 2016, nearly two years before the Trump International Hotels Management (Trump International) entirely withdrew from the project, which is now JW Marriott.

In a 26-page opinion, U.S. District Judge Edgardo Ramos ruled that Ithaca could amend a previous lawsuit to add fraud claims against Trump International alleging the company induced purchase of a majority of the units by fraudulently misrepresenting the hotelís performance. Ramos also dismissed Trump Internationalís counterclaims of breach of contract and fraudulent concealment and inducement against Ithaca.

According to the complaint, Trumpís company repeatedly provided Ithaca with false information while the company was conducting due diligence on the hotelís financials prior to a potential purchase.



https://lawandcrime.com/lawsuit/court-rules-against-trumps-business-in-fraud-case-stemming-from-sale-of-controversial-hotel/?fbclid=IwAR2jwSBf-1Ec_34Y6wXjq5k15P_hYGIPWgLrhiOciY4l9ZM4KP0F5GELM-g

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Reply Court Rules Against Trump's Business in Fraud Case Stemming from Sale of Controversial Hotel (Original post)
kpete Mar 2020 OP
The Magistrate Mar 2020 #1
sheshe2 Mar 2020 #2
SheltieLover Mar 2020 #8
sheshe2 Mar 2020 #9
crickets Mar 2020 #3
UTUSN Mar 2020 #4
Captain Zero Mar 2020 #5
Harker Mar 2020 #6
C Moon Mar 2020 #7

Response to kpete (Original post)

Mon Mar 30, 2020, 11:44 PM

1. This Cheap Thug Will Wind Up a Bankrupt In Jail, Ma'am

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Response to The Magistrate (Reply #1)

Tue Mar 31, 2020, 12:03 AM

2. Your lips to the Goddesses ear. nt

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Response to sheshe2 (Reply #2)

Tue Mar 31, 2020, 02:17 AM

8. What She said!

👆

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Response to SheltieLover (Reply #8)

Tue Mar 31, 2020, 02:11 PM

9. Hey 😊

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Response to The Magistrate (Reply #1)

Tue Mar 31, 2020, 12:14 AM

3. May it be so. nt

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Response to kpete (Original post)

Tue Mar 31, 2020, 12:20 AM

4. We're hanging on by the threads of the judiciary

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Response to kpete (Original post)

Tue Mar 31, 2020, 01:48 AM

5. It's his business model

"Trumpís company repeatedly provided Ithaca with false information while the company was conducting due diligence on the hotelís financials prior to a potential purchase."

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Response to Captain Zero (Reply #5)

Tue Mar 31, 2020, 01:50 AM

6. It's his model as president, too. n/t

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Response to kpete (Original post)

Tue Mar 31, 2020, 02:00 AM

7. Trump is a mafia crook, plain and simple. How in the hell did he become president of the U.S.?

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