Posted on 04/05/2016 8:24:01 PM PDT by Steelfish
Donald Trump Settled a Real Estate Lawsuit, and a Criminal Case Was Closed By MIKE McINTIRE APRIL 5, 2016
For Donald J. Trump, it is a long-held legal strategy, if not a point of pride, to avoid knuckling under to plaintiffs in court.
“I don’t settle lawsuits — very rare — because once you settle lawsuits, everybody sues you,” he said recently.
But Mr. Trump made an exception when buyers of units in Trump SoHo, a 46-story luxury condominium-hotel in Lower Manhattan, asserted that they had been defrauded by inflated claims made by Mr. Trump, his children and others of brisk sales in the struggling project. He and his co-defendants settled the case in November 2011, agreeing to refund 90 percent of $3.16 million in deposits, while admitting no wrongdoing.
The backdrop to that unusual denouement was a gathering legal storm that threatened to cast a harsh light on how he did business. Besides the fraud accusations, a separate lawsuit claimed that Trump SoHo was developed with the undisclosed involvement of convicted felons and financing from questionable sources in Russia and Kazakhstan.
And hovering over it all was a criminal investigation, previously unreported, by the Manhattan district attorney into whether the fraud alleged by the condo buyers broke any laws, according to documents and interviews with five people familiar with it. The buyers initially helped in the investigation, but as part of their lawsuit settlement, they had to notify prosecutors that they no longer wished to do so.
The criminal case was eventually closed.
Mr. Trump’s campaign for the Republican presidential nomination rests on the notion, relentlessly promoted by the candidate himself, that his record of business deals has prepared him better than his rivals for running the country. An examination of Trump SoHo provides a window into handling ...
(Excerpt) Read more at nytimes.com ...
Wow, your victory lasted long
I guess you still have butthurt over the Cruz victory and back to your old tricks of old news
The NY Slime reporting all the news that fits. Truth? The NY Slime never let the truth get in the way of their agenda.
This reminds me of somebody running for president who has blond hair and fat cankles.
I had read elsewhere that this STOP TRUMP movement would have to include the Establishment sources throwing rocks at TRUMP.
Wisconsin set the presses in motion without a doubt.
The NE should stop the presses when TRUMP wins the NE.
It is thought TRUMP will be 40 some delegates short of 1237 thanks to Cruz SPIN campaign.
Cruz will doubtless be looking for his shorts, since Ted can not win on the ground with the people’s vote.
This is a useless leftist article trying to create scandal. It works for some.
Gotta pump up Cruz in New York somehow huh?
Certainly beats the Tabloid Trash that some Trumpkins were wallowing in here for weeks.
See that? He’s a crime-fighter! :-)
The mind boggles. :(
To you lefties that have infiltrated this site: You won’t get anywhere dissin’ Cruz. He’s the real deal.
Thanks for the laugh, noob.
Trumpkins? Seems a bit immature.
I actually voted for Cruz in my state’s primary. Then I really started to open my eyes. The man is a fraud.
This goes back to 2006. People who put a deposit on NYC condos just as the real estate market started to tank for EVERYONE get cold feet and sue for a refund.
Looking at today’s NYC prices, I bet their sorry now.
If We The People don’t count I will not support deceiving principled conservative Cruz. Burn it down.
Thanks for the great graphics!
THAT is exactly what I believe. I believe in TRUMP support holding through hell and high water, and his real strength has not even been seen yet!
Thanks, again.
LOL....he’s the *real* deal, all right.
I’m in TX...we’re on to LyinCruz, now. Wish we’d known then, what we know now.
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