Tag Archives: Trump Organization

REPORT: Ivanka May Seek “Political Opportunities” In FL

CNN reports: As daughter and as an adviser of President Donald Trump for the last four years, Ivanka Trump can no longer live in obscurity, not that she did pre-White House, but her profile has now raised exponentially. It’s not just the safety that drew Trump to Florida, it is the potential political opportunities of the state itself, said a …

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Manhattan DA Steps Up Probe Of Trump Organization

The New York Times reports: State prosecutors in Manhattan have interviewed several employees of President Trump’s bank and insurance broker in recent weeks, according to people with knowledge of the matter, significantly escalating an investigation into the president that he is powerless to stop. The interviews with people who work for the lender, Deutsche Bank, and the insurance brokerage, Aon, …

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Feds Have Paid $400K To Trump’s Scotland Resort

The Scotsman reports: Scotland on Sunday can reveal a significant spike in the bill being picked up by American taxpayers for the outgoing first family’s dealings in Scotland on behalf of the US president’s private firm. Mr Trump’s flagship Turnberry resort has been paid nearly £25,000 by his own government to cover accommodation costs for Secret Service agents assigned to …

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Trump Campaign Still Spending Big At Trump Properties

The Washington Post reports: President Trump’s campaign and its affiliated committees spent more than $1.1 million at Trump’s own properties in the last weeks of the 2020 campaign — continuing a pattern of self-enrichment in which Trump has converted $6.7 million from his campaign donors into revenue for his businesses since taking office, new campaign finance filings show. The filings …

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Kushner And Trump Benefited From Millions In Bailouts

NBC News reports: Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self-reported that they only kept one job, zero jobs or did not report a number at all. The loans to Trump and Kushner properties included a …

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Trump Org Subpoenaed In Two NY Tax Fraud Cases

The New York Times reports: Two separate New York State fraud investigations into President Trump and his businesses, one criminal and one civil, have expanded to include tax write-offs on millions of dollars in consulting fees, some of which appear to have gone to Ivanka Trump, according to people with knowledge of the matter. The inquiries — a criminal investigation …

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Trump To Face Crumbling Business After Leaving WH

The Washington Post reports: When Trump leaves office next year, he will return to a business that is facing significant financial and legal difficulties. Some of Trump’s best-known properties have struggled since he took office, according to records obtained by The Washington Post, as his divisive political rhetoric drove away the big-spending urban customers and nonpolitical conferences his businesses relied …

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Deutsche Bank Seeks To Dump Trump After Election

Reuters reports: Deutsche Bank AG is looking for ways to end its relationship with President Donald Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties, according to three senior bank officials with direct knowledge of the matter. Deutsche Bank has about $340 million in loans outstanding to the Trump Organization, the president’s umbrella …

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NY AG Gets Docs In Trump Org Tax Deduction Case

Bloomberg News reports: A former land-use lawyer for Donald Trump’s company was ordered by a New York judge to hand over hundreds of documents to state officials investigating whether the president’s real-estate business falsely reported property values to get loans or tax benefits. Charles Martabano went too far in asserting attorney-client privilege over documents relating to his past work for …

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Lobbyists Have Spent $13.7M At Trump Properties

CREW reports: CREW estimates that special interests seeking to gain favor with the administration have likely spent more than $13 million at President Trump’s businesses since he took office. These groups — many of which spend heavily to lobby the federal government for favorable policies — have learned that holding lavish events at Trump properties is part of the cost …

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WaPo: Trump Organization Faces Looming Debt Crisis

The Washington Post reports: At President Trump’s hotel in Chicago, the most recent board meeting began with bad news. This year’s numbers were awful. Revenue had plunged. The hotel was just 24 percent occupied. And worse: The hotel expected next year to be bad, too. In fact, the hotel’s managing director, Gabriel Constantin, said the coronavirus pandemic had hurt the Trump …

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Trump May Sell Estate At Center Of NY Tax Probe

The Wall Street Journal reports: The Trump Organization is considering selling its sprawling Westchester, N.Y., estate, according to people familiar with the matter, after years of unsuccessful development attempts that ended with an agreement to preserve part of the property. The New York attorney general’s office has said it is examining whether any benefits Mr. Trump received from that agreement …

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Trump Faces Avalanche Of Post-White House Lawsuits

Business Insider reports: Donald Trump is likely to face a litany of federal investigations if he loses to former Vice President Joe Biden next month. He may also be indicted for his role in covering up hush-money payments to Karen McDougal, a plot that sent his former lawyer Michael Cohen to prison. Norm Eisen, a senior fellow in governance studies …

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Trump Spawn Funnel US Money Into Daddy’s Pocket

And in three weeks we can end this grifting: Eric Trump took his Secret Service agents to Trump golf courses in Scotland, as he led transatlantic tours for paying customers. Donald Trump Jr. took his protectors to the Trump hotel in Vancouver, stopping over on hunting trips to Canada. And Ivanka Trump took her Secret Service detail to the Trump …

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Eric Trump To Testify Before New York AG On Monday

NBC News reports: President Donald Trump’s son Eric is scheduled to speak via video on Monday with New York state investigators probing his family’s business practices, according to court papers filed Friday. Eric Trump has given no indication he will seek to delay the interview in light of his father’s and stepmother’s coronavirus diagnosis, which was announced early Friday, or …

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BREAKING: NYT Acquires Years Of Trump’s Tax Returns

The New York Times reports: Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750. He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made. As …

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New York AG: Eric Trump Lied About Deposition Dodge

Bloomberg News reports: President Donald Trump’s son Eric gave a judge a “false” explanation for why he backed out of a July deposition in a civil probe of the family business, New York’s top law enforcement officer said in a court filing. After New York took legal action in August to enforce a slate of subpoenas, Trump’s lawyer said his …

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Trump Registered His Corporate Trademark In Cuba To Build Resorts After Vowing Not To Do Business There

The Miami Herald reports: Despite earlier promises in Miami that he would not do business in Cuba until the island was “free,” Donald Trump applied in 2008 to register his Trump trademark in the Caribbean nation for a variety of commercial activities, including investing in real estate, hotels, casinos and golf courses. A search of the Cuban Industrial Property Office …

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Trump May Face Tax Fraud Investigation, DA Says

The New York Times reports: The Manhattan district attorney’s office, which has been locked in a yearlong legal battle with President Trump over obtaining his tax returns, suggested for the first time on Monday that it had grounds to investigate him and his businesses for tax fraud. The assertion by the office of the district attorney, Cyrus R. Vance Jr., …

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Michael Cohen To Launch Podcast Titled “Mea Culpa”

The Wrap reports: Former Trump lawyer Michael Cohen will be releasing a podcast titled “Mea Culpa.” It premieres Sept. 14. Like the book he dropped Tuesday, “Disloyal,” it will review his time spent with President Donald Trump. The weekly podcast seeks to “dismantle the Trump legacy,” according to its Apple Podcast’s landing page. The podcast is being produced in partnership …

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