President Donald Trump’s relationship with Deutsche Bank was exposed in all its glory in a shocking, new bombshell report.
According to the New York Times, Trump was dealing with a bank team led by Richard Byrne in 2003. Byrne was a former casino industry analyst, who knew Trump since the 1980s and was hired to sell bonds to fund Trump Hotels & Casino Resorts.
In prior meetings at Deutsche Bank, Trump was greeted by large audiences and fund managers eager to see him. But, no one wanted to give him money.
That’s when Trump asked for a meeting with the bank’s bond salesmen. A Deutsche Bank executive overheard an exchange where Trump approached the salesmen with a “pep-talk.”
“Fellas, I know this isn’t the easiest thing you’ve had to sell,” the executive said Trump told the group. “But if you get this done, you’ll all be my guests at Mar-a-Lago.”
They sold hundreds of millions of dollars in Trump organization bonds and the president was happy with the results, according to the report.
“Don’t forget what you promised our guys,” the executive reminded the president.
But, after that, the terms of the deal radically changed.
“Trump said he did not remember and that he doubted the salesmen actually expected to be taken to Mar-a-Lago,” the Times reported.
“That’s all they’ve talked about the past week,” the executive told Trump.
He ultimately flew about 15 bond salesmen to Florida on his plane for a weekend golf trip. In 2004, Trump Hotels & Casino Resorts defaulted on the bonds and the bank’s clients were saddled with hefty losses.