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Braggadocio; hotels; corruption; money
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Jump to: 2015; 2017; 2018; 2019;
2020;
Undated:
Wealth of Donald Trump
The net worth of
Donald
Trump, the 45th
president of the United States, stood at $3.1 billion as of 2018, according
to Forbes.
Various organizations have estimated and investigated Trump's wealth. Trump has
often stated higher values for his wealth than organizations estimating it.
https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump
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Undated: Trump University
(also known as the Trump Wealth Institute and Trump Entrepreneur
Initiative LLC) was an American
for-profit education company that ran a real estate training program from
2005 until 2010. It was owned and operated by
The Trump Organization. (A separate organization,
Trump Institute, was licensed by Trump University but not owned by the Trump
Organization.) After multiple lawsuits, it is now defunct. It was founded by
Donald
Trump and his associates, Michael Sexton and Jonathan Spitalny, in 2004. The
company offered courses in real estate, asset management, entrepreneurship, and
wealth creation.[2]
https://en.wikipedia.org/wiki/Trump_University
-- 2015 --
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June 16: trump On his wealth: “I don’t need anybody’s money. It’s nice. I don’t
need anybody’s money. I’m using my own money. I’m not using the lobbyists. I’m
not using donors. I don’t care. I’m really rich, I’ll show you that in a second.
And by the way, I’m not even saying that in a braggadocios … that’s the kind
that’s the kind of thinking you need for this country.”
http://www.politico.com/story/2015/06/donald-trump-2016-announcement-10-best-lines-119066
-- 2017 --
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Undated:
[Trump has] bragged shamelessly about his wealth.
Trump was once quoted as saying ‘part of the beauty of me is that
I’m very rich.’
It’s no secret that the whole world is recovering from – or may
be still in – an economic crisis. Many citizens of the United States are doing
everything they can to make ends meet and put food on the table for their
families. So when Trump begins to brag about how much money he has, he’s really
just alienating potential voters and damaging his chance at presidency.
http://www.swingstate.com/8-little-known-terrible-things-trump-has-done/?utm_source=swing1&utm_medium=outbrain1&utm_term=TheHill.com&utm_content=state1&utm_campaign=swings1
February 23: Donald Trump’s Mystery $50
Million (or More) Loan ... The president of the United States might have a
secret creditor.
Among Donald Trump’s debts—the
source of some of his most intractable conflicts of interest—is a mystery
loan that Trump has not publicly explained. And this means that the president
could have a secret creditor to whom he owes tens of millions of dollars.
https://www.motherjones.com/politics/2017/02/does-trump-have-mystery-creditor/
February 24: This is Exactly Why We Need To
See His Taxes ... Donald Trump, President of the United States, is perhaps more
encumbered by conflicts of interest than any other man to hold that office.
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Among his debt is a mysterious “at least” $50 million loan. We say “at least”
because that’s how it’s listed in Trump’s financial disclosure document…you
know, the one Trump says America should look at instead of his tax return. Trump
has never publicly explained or discussed this debt, meaning it is possible that
the President owes a lender tens of millions of dollars that has conflict of
interest written all over it.
http://www.bluedotdaily.com/donald-trump-has-a-50-million-secret-this-is-exactly-why-we-need-to-see-his-taxes/
March 10: Trump’s companies today
“have business operations in at least 20 countries, with a particular focus
on the developing world, including outposts in nations like India, Indonesia,
and Uruguay,” according to the New York Times.
An analysis of Trump’s global deals published on January 25 by the
Washington Post found that the Trump name has been contracted out “to at
least 50 different licensing or management deals.”
https://www.fastcompany.com/3067820/trumps-panama-problem
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March 20: What is known about Trump’s
financial connections with Russia comes from news reports, lawsuits, and other
public records.
His own son may be the best source that Trump
has taken money from Russian investors. At a 2008 conference in Moscow, Donald
Jr. told a reporter from the trade publication
eTurboNews:
“And in terms of high-end product influx into the U.S., Russians make up a
pretty disproportionate cross-section of a lot of our assets; say in Dubai, and
certainly with our project in SoHo and anywhere in New York. We see a lot of
money pouring in from Russia.”
It’s not clear whether he was referring to people and institutions who
financed Trump’s projects, or to people who bought properties, or both.
https://www.huffingtonpost.com/entry/four-basic-questions-about-trump-and-russia_us_58ced25de4b0ec9d29dcd601
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March 20: Trump has a complicated web of
investments and debts, both inside and outside the United States. In one case,
in 2012, there was
a mysterious $50-million loan. In many cases,
limited liability companies mask the identities of his business partners.
The partnerships that are public, such as the Bayrock Group, raise questions
about his past and current business associates. One of the partners in the
Bayrock Group, a Russian-born man named
Felix Sater, had served time in prison for stabbing a man in the face with
the stem of a margarita glass, pleaded guilty in a Mafia stock manipulation
scheme, and worked as a U.S. government informant on national security cases.
These dubious characters continue to pop up.
Sater resurfaced in February in connection with a proposal for a backdoor
peace plan for Ukraine and Russia.
https://medium.com/@abbievansickle/trump-and-russia-the-questions-that-need-to-be-answered-ac74f46faa8c
August 21: Trump’s Business of Corruption
What secrets will Mueller find when he investigates the President’s foreign
deals?
https://www.newyorker.com/magazine/2017/08/21/trumps-business-of-corruption
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October 26:
Insisting, "It has not been easy for me" and that "my whole life has been
a 'no' and I fought through it," Donald Trump
said Monday his father's "small loan" of $1 million got him started as a
developer. This version of events, which seems intended to show he is somehow a
self-made man, represents a new direction for the candidate and fails to give
Trump the elder the credit he deserves.
Although Trump may have been told "no" on occasion, his early success depended
on many important "yesses" that were obtained with his father's ample
assistance. Privileged to have a name that opened doors at banks and insurance
companies and New York City Hall, Trump also benefited from financial assistance
that was worth many times more than $1 million. He and his businesses have also
enjoyed public help in the form of tax breaks, loans from his siblings, and
protection from bankruptcy courts worth well in excess of $100 million. However
it was his father who made sure Donald got a big head start in life.
https://www.cnn.com/2015/10/26/opinions/dantonio-trump-small-loan-from-father/index.html
November 17: Trump’s
Net Worth Is Far Less Than He Claims, Trump Organization Revenue Suggests
https://www.newsweek.com/donald-trump-trump-organization-net-worth-715546
-- 2018 --
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January 27:
Data shows Trump’s DC hotel was pricier
and emptier than peers in 2017
https://www.108praiseradio.com/?p=1750482
February 2: Donald Trump has often
been described as a man who was born on third base and thinks he hit a
triple. This is mostly because he boasts endlessly about a fortune he built even
though he inherited millions from his successful father. But it’s also a pretty
good description of how Trump talks about the economy.
https://slate.com/business/2018/01/donald-trump-takes-credit-for-eight-years-of-declining-black-unemployment.html
February 17: How Trump is using campaign
donations to enrich himself
https://www.dailydot.com/layer8/trump-2020-campaign-donations/
March 6:
Donald Trump’s wealth has fallen for second year running – Forbes
President is now worth $3.1bn, while Amazon founder Jeff Bezos is world’s
richest with $112bn
https://www.theguardian.com/us-news/2018/mar/06/donald-trump-fortune-fallen-forbes-worth-amazon-jeff-bezos
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March 9: The Trump Organization has donated
$151,470 in foreign government profits at its hotels and similar businesses last
year to the U.S. Treasury, an executive said in a statement Friday.
George Sorial, the executive vice president and chief compliance counsel, said
the Feb. 22 voluntary donation fulfills the company's
pledge to donate profits from foreign government patronage while Donald
Trump is president.
https://www.nbcnews.com/politics/donald-trump/trump-org-says-it-donated-151-470-hotel-profits-gov-n855331
April 20: A new
allegation says Trump lied about his wealth. Here's what we do know
https://www.cnn.com/2018/04/20/politics/trump-john-barron-forbes-wealth/index.html
May 16: President Donald Trump acknowledged
for the first time that he repaid his lawyer Michael Cohen more than $100,000
for expenses Cohen incurred during the 2016 presidential election, according to
a
financial disclosure form released Wednesday.
The document did not explicitly state what the payments were for. But Trump's
lawyers have previously said that Trump reimbursed Cohen for the $130,000 hush
money payment he made to porn star Stormy Daniels.
https://www.cnn.com/2018/05/16/politics/trump-financial-disclosure-report/index.html
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June 5: Is Donald
Trump Rich? This 1 Story May Prove He's Not Really a Billionaire
https://www.cheatsheet.com/money-career/is-donald-trump-rich-this-1-story-may-prove-hes-not-really-a-billionaire.html/
July 11:
Tower of secrets: the Russian money behind
a Donald Trump skyscraper
The Trump Toronto reveals the links between a shadowy world of
post-Soviet money and a future president
https://www.ft.com/trumptoronto
August 19:
8 banks entangled in Trump-related probes
https://www.americanbanker.com/list/8-banks-entangled-in-trump-related-probes
August 24: The Trump Organization's finance
boss, Allen Weisselberg, has reportedly been granted legal immunity in the probe
into Michael Cohen.
He was summoned to testify earlier this year in the investigation into Cohen,
Donald Trump's longtime former lawyer, US media report.
Cohen pleaded guilty on Tuesday to handling hush money for Mr Trump in violation
of campaign finance laws.
Mr Weisselberg, Chief Financial Officer, is the latest to get immunity.
https://www.bbc.com/news/world-us-canada-45301884
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September 24: [From "why do people love -or
hate- Trump? Here Are The 20 Top Reasons "]
3. He’s a billionaire.
He was born rich and just became richer by swindling people and stiffing
workers. What’s most tragic is that a lot of working-class people, who have
every right to be outraged by how our government has sold out their interests,
have invested hope in a man who has never been poor, can’t relate to them on any
level about anything, and who probably considers them all losers and suckers.
They think he’s “working class” just because he has a foul mouth. Don the Con
has fooled these people into voting against their best interests. At a time when
wealthy inequality is reaching record heights, they elected a man who’s only
going to make the gap between rich and poor wider.
https://thoughtcatalog.com/jeremy-london/2018/07/why-do-people-hate-trump/
October 2: President Donald Trump received
today's equivalent of at least $413 million from his father -- according to
an analysis from The New York Times, and much of the fortune came from
helping "his parents dodge taxes," the paper reported on Tuesday.
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The Times' report claims that Trump and his siblings hid millions of dollars in
gifts in what the Times describes as a "sham corporation." The lengthy report is
based on "a vast trove of confidential tax returns and financial records," as
well as interviews.
https://www.cnn.com/2018/10/02/politics/donald-trump-tax-schemes/index.html
October 2: How Trump
Is Trying—And Failing—To Get Rich Off His Presidency
https://www.forbes.com/sites/danalexander/2018/10/02/how-trump-is-tryingand-failingto-get-rich-off-his-presidency/#568f0f4e3b1a
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October 3: Trump has lost $1 billion in
personal wealth since running for president
Some wealthy patrons are steering clear of Trump properties, saying the country
club experience is now ruined "by metal detectors and bomb-sniffing dogs."
https://www.nbcnews.com/business/business-news/trump-has-lost-1-billion-personal-wealth-running-president-n916221
November 21: Trump said he has 'no financial
interests in Saudi Arabia.' But his businesses have made millions from the Saudi
government, and the crown prince gave his New York City hotel a huge boost.
https://www.businessinsider.com/trump-saudi-arabia-financial-interests-ties-hotel-bookings-sales-2018-10
November 29: FBI Raids Trump's Former
Chicago Tax Attorney Who Saved the President $14 Million in Property Taxes
http://fortune.com/2018/11/29/fbi-raids-trump-tax-attorney-chicago/
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December 17:
Law enforcement, congressional, and media investigations over the last two years
have revealed that Kremlin-linked actors paid considerable sums of money to
support Trump and curry his favor. A Russian organization allegedly controlled
by an oligarch [Oleg Deripaska] close to Putin spent more than $1 million a
month just on social media campaigns favoring Trump, according to the special
counsel.6
A Russian American energy tycoon—who boasted to a Kremlin official in July 2016
of being “actively involved in Trump’s election campaign”—donated hundreds of
thousands of dollars to the Trump Victory fund.7
And a company affiliated with a sanctioned Russian oligarch paid $1 million to
Michael Cohen, then Trump’s personal lawyer, for unspecified services after the
election.8
These and other transactions examined throughout the report establish that,
during the campaign and presidential transition, Trump had several compromising
financial entanglements with actors representing a hostile foreign power.
https://www.americanprogress.org/issues/democracy/reports/2018/12/17/464235/following-the-money/
December 29:
Paul Manafort pressured by Russians to pay back debt while Trump’s campaign
chair, Time magazine says
https://fox2now.com/2018/12/29/paul-manafort-pressured-by-russians-to-pay-back-debt-while-trumps-campaign-chair-time-magazine-says/
-- 2019 --
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January 14:
President Trump clashed with Rep.
Alexandria Ocasio-Cortez on Monday, with the president publicly brushing off
a reporter’s question about her criticisms toward him, and the freshman
congresswoman firing back with a swipe at his personal wealth.
“I’d say we’d be taxing 70% of Trump’s income, but he probably hasn’t made more
than $10 million in years—and that’s the real reason he’s hiding his taxes,” she
continued, adding a winking-face emoji.
https://www.foxnews.com/politics/ocasio-cortez-questions-trumps-wealth-after-presidential-swipe
January 31: That
time Donald Trump proposed a 14.5 percent wealth tax
1999 was a different world.
https://www.vox.com/2019/1/31/18203999/donald-trump-wealth-tax-14-5-percent
February
28: Cohen said Trump inflated his wealth as an ego
booster, but it may have been a crime
https://www.cnn.com/2019/02/28/politics/cohen-trump-wealth-inflation/index.html
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February 28: Michael
Cohen claims Trump lies about his wealth — here's why it matters
https://www.cbsnews.com/news/michael-cohen-claims-trump-lies-about-his-wealth-heres-why-it-matters/
March 1: Trump Had
His Own Wealth Tax in 1999—But the Math Was Wrong
https://www.bloomberg.com/news/articles/2019-03-01/trump-had-his-own-wealth-tax-in-1999-but-the-math-was-wrong
May 20: President
Donald Trump lashed out at The New York Times on Monday, disputing the paper’s
reporting on his relationship with Deutsche Bank and launching into a broader
criticism of the news media.
The president appeared to be responding to a Times
report that anti-money laundering experts at the German bank noticed
suspicious activity in accounts belonging to Trump and his son-in-law, Jared
Kushner, in 2016 and 2017. According to the Times, bank executives blocked
employees from reporting the suspect transactions to the U.S. Treasury, and one
former employee says she was fired for raising concerns about the bank’s
scrutiny of certain clients.
https://www.politico.com/story/2019/05/20/donald-trump-twitter-deutsche-bank-1334358
May 21:
Deutsche Bank denies New York Times Trump report
An article asserted Deutsche Bank failed to forward suspicions about
transactions involving Trump to US authorities. Deutsche Bank said legal
restrictions mean they cannot reveal "numerous inaccuracies" in the article.
https://www.dw.com/en/deutsche-bank-denies-new-york-times-trump-report/a-48810399
May 22: Why
Did Deutsche Bank Keep Lending to Donald Trump? — “Trump, Inc.” Podcast
The bank kept writing checks even after Trump defaulted on loans worth hundreds
of millions and sued it. Now Congressional investigators are going to court to
uncover the financial records behind their relationship.
https://www.propublica.org/article/trump-inc-podcast-deutsche-bank-donald-trump
May 22:
Judge says Deutsche Bank, Capital One can give Trump financial records to House
Democrats
https://www.cnbc.com/2019/05/22/judge-says-deutsche-bank-can-give-trump-financial-records-to-democrats.html
May 22:
In an Odd Move, Trump Shifts His Banking Business to a Small Firm in Florida —
With his relationship with Deutsche Bank under scrutiny, the president turned to
a little-known bank.
https://www.reddit.com/r/politics/comments/bs1udw/in_an_odd_move_trump_shifts_his_banking_business/
May 23: Wells Fargo, TD Bank turn over Trump
financial records to Congress
https://www.bizjournals.com/philadelphia/news/2019/05/23/report-wells-fargo-td-bank-turn-over-trump.html
May 23: Banking executive indicted in
alleged loan scheme with Manafort wanted top role in Trump administration
Chicago-based financier Stephen Calk was indicted in
New York on Thursday for his alleged role in a loan scheme with former Trump
campaign chairman
Paul Manafort, federal prosecutors announced.
Prosecutors charged Calk, a banking executive, with a single count of financial
institution bribery after investigators found he allegedly extended a $16
million loan to Manafort in exchange for a senior-level position in the Trump
administration.
In his indictment, prosecutors recount how Calk, who is expected to appear in
federal court later on Thursday, provided the loans to Manafort during the 2016
campaign before sending the former campaign chief “a ranked list of the
governmental positions he desired.”
“Calk believed that [Manafort] could use his influence with the Presidential
Transition Team to assist Calk in obtaining a senior administration position,”
prosecutors said. Calk extended the loans despite the “significant red flags” in
Manafort’s ability to pay, according to the FBI and, as such, put his bank at
risk.
https://abcnews.go.com/Politics/banking-executive-indicted-alleged-loan-scheme-manafort-wanted/story?id=63227771
-- 2020 --
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