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Fri Apr 21, 2017, 01:29 AM

Trump condos worth $250 millon pose potential conflict

This discussion thread was locked as off-topic by Chemisse (a host of the Latest Breaking News forum).

Source: MSN/USA Today

LAS VEGAS ó President Trumpís companies own more than 400 condo units and home lots whose sale could steer millions of dollars to Trump, a USA TODAY investigation has found.

USA TODAY spent four months cataloging every property Trump's companies own across the country. Reporters found that Trumpís companies are sitting on at least $250 million of individual properties in the USA alone. Property records show Trumpís trust and his companies own at least 422 luxury condos and penthouses from New York City to Las Vegas, 12 mansion lots on bluffs overlooking his golf course on the Pacific Ocean and dozens more smaller pieces of real estate. The properties range in value from about $200,000 to $35 million each.

Unlike developments where Trump licenses his name to a separate developer for a flat fee, profits from selling individual properties directly owned by his companies ultimately enrich him personally.

Trump has never disclosed a complete, unit-by-unit inventory of his companies' real estate holdings or sales, nor is he required to do so by federal law. Trump says he's separated himself from his businesses, but the trust set up in January is run by his sons. Trump is the only beneficiary and can withdraw funds at any time.

Read more: http://www.msn.com/en-us/news/politics/trump-condos-worth-dollar250-millon-pose-potential-conflict/ar-BBA696i?li=BBnbcA1

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Replies to this discussion thread
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Reply Trump condos worth $250 millon pose potential conflict (Original post)
TomCADem Apr 2017 OP
bathroommonkey76 Apr 2017 #1
Kablooie Apr 2017 #2
HoneyBadger Apr 2017 #3
DK504 Apr 2017 #4
mwooldri Apr 2017 #5
crazycatlady Apr 2017 #6
Chemisse Apr 2017 #7

Response to TomCADem (Original post)

Fri Apr 21, 2017, 01:33 AM

1. Everything about Trump poses a conflict.

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Response to TomCADem (Original post)

Fri Apr 21, 2017, 02:43 AM

2. Yawn. So what's on TV?

With Republicans in charge there is no such thing as a conflict.
He could lpull the Declaration of Independence out of its frame and sell it to russia and no republican would bat an eye.

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Response to TomCADem (Original post)

Fri Apr 21, 2017, 03:55 AM

3. He has more individual condos than I have of anything that I collect

 

I love cleaning out the closet and finding 4 condos that I thought that I lost.

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Response to TomCADem (Original post)

Fri Apr 21, 2017, 09:55 AM

4. He's never disclosed divested papers.

Does any one think he will do it.

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Response to TomCADem (Original post)

Fri Apr 21, 2017, 12:28 PM

5. I need glasses. I read "Trump's Condoms"

Even if they were condoms, and even if they were worth 250 mil, the way Trump has (not) separated himself from his businesses is conflicting in itself.

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Response to mwooldri (Reply #5)

Fri Apr 21, 2017, 01:36 PM

6. I wish he used condoms

At least with Ivana.

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Response to TomCADem (Original post)

Fri Apr 21, 2017, 02:26 PM

7. Locking

Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.

Locking as analysis. Please feel free to post outside of LBN.

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