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 ...
My husband likewise. He started to smell the coffee. He told me tonight’s victory speech included a listing of his GOPe supports-Rick Perry. Carly, Lindsey Graham...etc
I never lose sight of the 360 firing squad at rebel Punk right-winger Trump. He is the only one who gets the concept of “loyalty” exemplified in keeping Corey after the media setup with Fields & Cruz lecturing about cutting him loose to the media-RETCH!
Then Cruz describes the Islamic threat in terms of Obama’s failure to say-’Radical Islamic Terror” very deceptive when we know Islam is the problem. All of it. Trump comes out with a 3rd grade level yet brilliant smoke signal “Islam doesn’t like us”
For me its Trump or bust. Cruz will be the globalist establishment once in power.
Just check this graphic out, from Byron! Wisconsin has been such a FIX for the Shakespearean Cruz, I’m sick of all that and ready to move on and belt him in the chops in the NE.
Enjoy.
My husband likewise. He started to smell the coffee. He told me tonight’s victory speech included a listing of his GOPe supports-Rick Perry. Carly, Lindsey Graham...etc
Don’t forget Bishop Romney. He supports Cruz also.
Divide and conquer conservatives. Oldest play in the GOPe playbook. And Cruz is right in the middle of the shenanigans. Sad. I expected better from him.
My advice to everybody is not to watch all the hysteria on Fox and CNN. I watched it for about an hour tonight and you would think Donald Trump was not even leading anymore. He is going to get either 1237 delegates or close to it by June. Even if he’s a few short he will use that 6 weeks or so until the convention to cut a deal with somebody so he wins on the first ballot. He’s a dealmaker. He will make somebody an offer theory can’t refuse.
Yeah, I know it’s msnbc. I am not really sure what to make of it but I wouldn’t ignore it. She discusses the Alabama governor’s situation before discussing the presidential race.
https://m.youtube.com/watch?v=-6Cba-ByYmo
>> when TRUMP wins the NE.
It’ll be a slaughter.
>> a velvet painting of Stalin
And quite possibly strumming a balalaika with a bottle of vodka. Not to forget the black light.
Yup, the Lava Lamps have returned gratis the millennial hipsters.
We’ve always known that the vaunted Trump business success was smoke and mirrors.
Economists have studied the Trump fortune and come to the conclusion that the money he inherited would have increased as much or more if he had just put in government bonds.
He’s a horrible businessman...always in trouble one way or another, whether it’s suing people or being sued.
Whether it’s getting into bed with the mob or donating to Hillary Clinton.
He’s already lost over $600,000 fighting the Trump University lawsuit and he hasn’t won yet.
The real Donald Trump is slowly but surely seeping out from that yellow combover.
It was an interesting insight into Trump’s business practices.
Trump’s business acumen has been on the top selling points by the trumpers.
Agree. We may soon find Trump’s name in the Panama Papers. This guy is not fit to run a downtown motel. He has taken massive advantage of US Bankruptcy laws and has engaged in fraudulent behavior (Trump University) and now maybe criminal fraud as well that prompted the unusual settlement.
So much spinning here, you people need a wheel.
Maybe you could spin straw into gold.
On what planet would that be true?
Who are the nebulous "Economists" you reference. Government bonds have been one of the worst investments I have ever seen. I have done better in stocks, real estate, and even T-shirts. What is your track record in business?
He’s a horrible businessman...always in trouble one way or another, whether it’s suing people or being sued.
Lawsuits are just part of the real estate business. I have a very small amount of real estate, and have had numerous lawsuits over the years. How much real estate do you own? And, I am not talking about a personal residence, I mean rental property either residential or commercial.
The NY Slime reporting all the news that fits. Truth? The NY Slime never let the truth get in the way of their agenda.
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Yeah reporting what is on the public record is sooooo unfair. Funny stuff.
Trump's Dad didn't die until the 1990s. At 6% interest the purported 40million he received would take over 50 years to reach 1 billion dollars. So your economists aren't very good or they know about some government bonds that no one else does. This brief analysis does not include taxes which would lengthen the time needed. This assumes that you could still find bonds that paid 6% over that whole time period.
Even if he grabbed all of his Dad's purported 200 million. It would take 28 years to reach 1 billion.
You can trash Trump for a lot of things but being a poor businessman isn't one of them. Very few people can go from 40 million to 1 billion.
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