Quantcast
Connect with us

Here are all the Trump projects where Ivanka and her dad misled real estate buyers

Published

on

A pattern of deception ran through the Trumps’ real estate deals since the mid-2000s. Not only were the Trumps more than the mere licensors they claimed to be, extracting millions in fees from nearly every facet of these projects, but they often misled buyers and investors on key information — such as the level of sales and the Trumps’ role and investment in the deals. (Read our full investigation.) The Trump Organization did not respond to our questions, and the White House didn’t have a comment.

ADVERTISEMENT

Projects Where a Trump Family Member Overstated Sales Numbers

DOMINICAN REPUBLIC

Claim: Donald Trump claimed $365 million in sales in a 2007 letter to The Wall Street Journal.

Reality: Trump reported $290 million in a 2009 project audit.

Result: Never built.

FORT LAUDERDALE

Claim: Trump announced the hotel/condo was “pretty much sold out” in April 2006, according to a broker who attended the presentation.

ADVERTISEMENT

Reality: 62 percent of units were sold as of July 2006, according to bank records that emerged in a court case.

Result: Entered foreclosure. Trump’s name removed before construction completed.

LAS VEGAS

Claim: Condos “sold out,” Trump told The Associated Press in 2005

ADVERTISEMENT

Reality: About 25 percent of units were sold by 2011, according to press accounts.

Result: Built.

PANAMA

Claim: “It’s a 1,000-unit building, we’ve sold over 90 percent of it,” Ivanka told Portfolio in 2008.

ADVERTISEMENT

Reality: As of three months later, 79 percent of the units were pre-sold, according to Moody’s.

Result: Built, but went bankrupt; Trump name removed.

SOHO

Claim: In 2008, Ivanka told reporters that 60 percent of units had sold.

ADVERTISEMENT

Reality:A Trump partner’s affidavit revealed that 15 percent had been sold at the time.

Result: Built, but went bankrupt; Trump name removed.

TAMPA

Claim: The building “sold out,” Trump told The Wall Street Journal in 2007.

Reality: The developers failed to sell a minimum of 70 percent of units, according to a Trump company letter that year, which deemed that a violation of its contract.

ADVERTISEMENT

Result: Never built.

TORONTO

Claim: In a 2009 interview, Ivanka referred to the property as “virtually sold out.”

Reality: 24.8 percent of units had sold, according to a 2016 bankruptcy filing by the developers.

Result: Built, but went bankrupt; Trump name removed.

ADVERTISEMENT

Projects Where the Trumps Suggested They Were Developers, Partners or Equity Owners (They Weren’t)

BAJA

More than 50 buyers claimed Ivanka said the Trump Organization was a developer on the project at a 2007 sales event, according to a lawsuit quoted by Univision.

DOMINICAN REPUBLIC

“I am excited to be building Trump at Cap Cana,” Trump was quoted saying in a 2007 press release, according to Univision.

FORT LAUDERDALE

Trump called the hotel and tower “my latest development” in a letter announcing the project.

REPUBLIC OF GEORGIA

“TRUMP INVESTS IN GEORGIA” read banners for the project, according to The New Yorker. Asked by a Fox anchor what he was “investing in,” Trump responded, “I’m doing a big development” in Georgia.

PANAMA

“I am honored to develop this extraordinary high rise with my partner Roger Khafif of the K Group,” Trump said in a 2009 marketing statement.

ADVERTISEMENT

TAMPA

Trump claimed an ownership stake in a news article at the time, stating it was less than 50 percent, then adding: “But it’s a substantial stake. I recently said I’d like to increase my stake but when they’re selling that well they don’t let you do that.”

WAIKIKI

In the final episode of season five of “The Apprentice,” Trump announced the project on national TV, saying “that’s why I’m building the magnificent Trump Hotel and Tower Waikiki.” In 2007, he told The Wall Street Journal: “This building is largely owned by me and being developed by me.”

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for their newsletter.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Netanyahu refuses to concede after he falls short — blames media instead

Published

on

Prime Minister of Israel, Benjamin Netanyahu, refused to concede after being down in the election night polls. Like the last election, Netanyahu is claiming his own personal victory and blaming the media for all of his woes.

Senior Diplomatic correspondent Barak Ravid, at Channel 13 News in Tel-Aviv, was live-tweeting the election results late Tuesday night.

https://twitter.com/barakravid/status/1174116674225758209?s=21

"Netanyahu says Israel needs a Zionist government that is committed for Israel as a Jewish state. No government can be based on support from Arab parties," Ravid said.

Continue Reading

Breaking Banner

Mitch McConnell crony running for Kentucky AG is ineligible for office: lawsuit

Published

on

On Tuesday, the Lexington Herald-Leader reported that a new lawsuit seeks to remove Daniel Cameron from the ballot as the Kentucky GOP's nominee for state attorney general.

According to the lawsuit, filed by retired union worker and "concerned citizen" Joseph Leon Jackson Sr. in Jefferson Circuit Court, Cameron does not meet the office requirement of having practiced law for eight years — because although he was admitted by the Kentucky Bar Association in 2011, he spent two of the following years clerking for U.S. District Judge Gregory Van Tatenhove.

Continue Reading
 

Breaking Banner

Trump lashes out at Lindsey Graham after he accuses the president of showing ‘weakness’

Published

on

President Donald Trump and Sen. Lindsey Graham, once bitter enemies, have become close allies since the 2016 election as the South Carolina Republican realized it was in his personal interest to cozy up to the White House. But on Tuesday, fractures emerged between the two in public over a key issue for Graham: Iran.

Graham is on the severely hawkish wing of the Republican Party, and he clearly wants a war with Iran. He began a series of tweets Tuesday by praising Vice President Mike Pence’s briefing that day about the recent attack on Saudi oil infrastructure, saying he believes that “such a sophisticated attack could not have occurred without Iran’s blessing and direct involvement.” He called it an “an act of war” and lauded the Trump administration’s “efforts to create a regional coalition, thoroughly brief the Congress on the actions taken, and come up with a plan of action to restore deterrence against an evil regime in Iran.”

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1. Go ad-free.
close-image