Tag Archives: Trump Organization

Trump Judge Rules Congress Can See Trump’s Taxes

The New York Times reports: A federal judge on Tuesday dismissed a lawsuit by Donald J. Trump that sought to block Congress from obtaining his tax returns, ruling that the law gives a House committee chairman broad authority to request them despite Mr. Trump’s status as a former president. In a 45-page opinion, Judge Trevor McFadden held that the Treasury …

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NYC Prosecutors Zero In On Trump Org Financial Docs

The New York Times reports: As prosecutors in Manhattan weigh whether to charge Donald J. Trump with fraud, they have zeroed in on financial documents that he used to obtain loans and boast about his wealth, according to people with knowledge of the matter. The documents, compiled by Mr. Trump’s longtime accountants and known as annual statements of financial condition, …

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NY Prosecutors Zero In On Trump Property Valuations

The Washington Post reports: The Trump Organization owns an office building at 40 Wall Street in Manhattan. In 2012, when the company was listing its assets for potential lenders, it said the building was worth $527 million — which would make it among the most valuable in New York. But just a few months later, the Trump Organization told property …

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Trump’s DC Hotel To Become Waldorf In $375M Sale

The New York Times reports: Donald J. Trump’s family business has an agreement to sell its marquee Washington hotel, reaching a deal to fetch at least $375 million for a property that prompted ethical scrutiny and struggled to make money even as it drew steady crowds of lobbyists, lawmakers and Trump loyalists. The deal so far is what is known …

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Cohen Loses Suit To Force Trump Org To Pay Legal Bills

The Associated Press reports: Donald Trump’s company won’t have to pay hefty legal bills incurred by his former personal lawyer and fixer Michael Cohen, who became a vocal critic of the ex-president and went to prison after pleading guilty to tax and other crimes, a New York judge ruled Friday. Judge Joel M. Cohen threw out Cohen’s breach of contract …

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New Grand Jury To Hear Evidence About Trump Org

The Washington Post reports: The Manhattan District Attorney has convened a second long-term grand jury to hear evidence about the Trump Organization’s financial practices, and potentially to vote on criminal charges, according to people with knowledge of the matter. An earlier grand jury — convened this spring in Manhattan — previously handed down felony indictments against two Trump companies and …

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Insiders Accuse Trump Organization Of Insurance Scam

Insurance Business reports: The Trump Organization filed a highly exaggerated claim of nearly $1.3 million for damages to a golf course that cost only a fraction of the payout, insiders familiar with the matter have claimed. Sources that asked not to be identified reached out to Rolling Stone, saying that when a flood occurred at Trump National Golf Club Westchester …

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New Criminal Probe Into NY Trump Org Golf Club

The New York Times reports: Former President Donald J. Trump’s family business, which is already under indictment in Manhattan, is facing a criminal investigation by another prosecutor’s office that has begun to examine financial dealings at a golf course the company owns, according to people with knowledge of the matter. The district attorney’s office in suburban Westchester County, N.Y., has …

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Today: Trump Gets Deposed In First Of Many Civil Suits

NBC News reports: Former President Donald Trump has been ordered to answer questions under oath in a lawsuit Monday, and his attorneys could set a date for a deposition in another case, as well. The lawsuits, involving allegations that his security guards roughed up protesters outside Trump Tower in New York and allegations of defamation by former “Apprentice” contestant Summer …

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WSJ: Trump Org Close To Deal To Sell DC Hotel

The Wall Street Journal reports: Former President Donald Trump’s family company is in advanced discussions to sell the rights to its opulent Washington, D.C., hotel in a deal worth more than $370 million, say people familiar with the matter. CGI Merchant Group, a Miami-based investment firm, is in talks to acquire the lease on the hotel, these people said. The …

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House Panel: Trump Lied About Loan By Foreign Bank

From the House Committee on Oversight and Reform: The documents provided by GSA raise new and troubling questions about former President Trump’s lease with GSA and the agency’s ability to manage the former President’s conflicts of interest during his term in office when he was effectively on both sides of the contract, as landlord and tenant. Specifically, the Committee found …

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Docs Show Trump’s DC Hotel Lost $70M Since 2017

The Washington Post reports: Donald Trump’s luxury Washington hotel lost more than $70 million while he was in office despite reaping millions in payments from foreign governments, according to federal documents released by the House Committee on Oversight and Reform on Friday. The committee, chaired by Rep. Carolyn B. Maloney (D-N.Y.), released hundreds of pages of financial documents on the …

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Trump Falls Off Forbes List Of 400 Richest Americans

Forbes reports: Donald Trump is worth an estimated $2.5 billion, leaving him $400 million short of the cutoff to make this year’s Forbes 400 list of America’s richest people. The real estate mogul is just as wealthy as he was a year ago, when he stood at No. 339 on the ranking, but he is down $600 million since the …

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Lender Downgrades $100 Million Trump Tower Debt

Bloomberg News reports: A $100 million loan on Donald Trump’s Fifth Avenue tower was moved to a watch list Monday because of “lower average occupancy,” according to information compiled by Wells Fargo & Co. The debt, sponsored by the former president himself, is secured by the 244,482 square feet (22,700 square meters) of office and retail space in Trump Tower. …

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Eric Trump: Every Day I Get Subpoena After Subpoena

“The problem with the Democrats is they dig so deep that they always find themselves. And the reason I’m frustrated about this is every single day since my father ran for president, my father and our entire family and our company has been under investigation. “Every single day, Maria, we get subpoena after subpoena after subpoena. But, I mean, they …

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Axios: Trump Near Deal To Sell Washington DC Hotel

Axios reports: Former President Trump is in advanced talks to sell rights to his Trump International Hotel in Washington, D.C., sources tell Axios. The removal of Trump’s big, golden name from Pennsylvania Avenue would be a symbolic bombshell savored by opponents. The historic building became a prop and symbol for both sides in the political wars. The hotel was a …

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NYC Trump Tower Tenants Aren’t Paying Their Rent But Trump Continues To Pump Donor Money Into Building

The Washington Post reports: Inside Trump Tower, swank suit-maker Marcraft Clothes once rented the entire 18th floor, outfitting its offices with fireplaces, mahogany-lined closets and two bars for schmoozing customers. But then Marcraft fell $664,000 behind on rent and went out of business last year — its assets having dwindled to $40.75 in a checking account and “1,200 damaged coats,” …

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Federal Court: Trump Org Must Turn Over Financials To Determine If He Profited From His Service As President

Politico reports: A federal judge has ruled that former President Donald Trump’s accountants must turn over two years’ worth of his tax and financial records to a House committee investigating whether Trump and his businesses profited from his service in the White House. U.S. District Court Judge Amit Mehta on Wednesday approved a House Oversight and Government Reform Committee subpoena …

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Trump’s Scotland Resort To Face Renewed Scrutiny

The Scotsman reports: Legal efforts to force Scottish ministers to scrutinise the financing of Donald Trump’s golf and hotel resorts have overcome a significant hurdle, after the Court of Session granted permission for campaigners to seek a judicial review of the Scottish Government’s position. Avaaz, a US-based non-profit activism organisation, petitioned Scotland’s highest court after MSPs rejected calls to pursue …

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Trump Org Suffers Setback In Pyramid Scheme Lawsuit

Law & Crime reports: Former president Donald Trump, his prized family business, the Trump Organization, and three of his adult children, Donald Trump Jr., Ivanka Trump, and Eric Trump, all suffered a significant legal setback in a federal appeals court opinion issued Wednesday morning. For years the Trump family and its namesake entity have fought to keep a potentially ugly …

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