Trump’s companies went bankrupt no less than 4 times (this doesn’t even include the bankruptcy scheme with convicted felon George Soros). In 1991 and 1992 Trump’s Taj Mahal and Trump plaza casinos went bankrupt. At this time Donald Duck was already indebted for 900 million dollar. In 2004 Trump Hotels and Casino Resorts went bankrupt with $1.8 billion in debt; in 2009 the newly named Trump Entertainment Resorts went bankrupt a second time. I’m just a simple man: if somebody has gone bankrupt 4 times he doens’t own billions of dollars.
In the 1970s Trump ran some housing sites where blacks were discriminated against. In 1981 he bought another building in New York on Central Park South, where he used every trick in the book to chase the tenants away so he could tear it down and build luxury condos. He had the heat turned off, refused to make repairs and had ads in the newspaper offering to house homeless people.
In 1980 Trump demolished the Bonwit Teller store in New York to build the Trump Tower, for which he hired 200 undocumented Polish workers, that got nothing at all or substandard wages ($5 per hour). In 1991 Trump was convicted for avoiding to pay union pension and welfare contributions for the workers. The decision was appealed, and ultimately settled in 1999.
Since the 1980s Trump has repeatedly had to defend himself in court because he simply had refused to pay employees for services rendered.
Trump has repeatedly been fined for breaking casino rules. Trump once loaned $3.5 million from his father Fred, for which he was fined $30,000. Trump also had to pay $200,000 for keeping black croupiers from the gambling table. In 1986 Trump violated antitrust rules in New Jersey by buying up stock in casinos of the competition, for which he got fined $750,000. Trump also got a fine of $450,000 for breaking rules in buying nine luxury cars.
This information is mostly from the following story:
http://www.theatlantic.com/politics/...andals/474726/
You must agree it is nothing less than pathetic that Trump sued reporter Tim O’Brien for $5 billion, because he had dared to claim in his book
Trump Nation that Donald Duck Trump is only worth $150 to 250 million. Even the court found this so ridiculous, that the law suit was tossed.
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