Here are the Trump projects where Ivanka and her dad cheated the buyers

Here are the Trump projects where Ivanka and her dad cheated the buyers https://i1.wp.com/www.eresviral.com/wp-content/uploads/2018/08/Michael-Cohen-y-Paul-Manafort-dos-casos-que-sacudieron-al-mundo-de-Trump-quotTrump-Inc.quot-Podcast-Extra.jpg?fit=219%2C146&ssl=1

Here are the Trump projects where Ivanka and her dad cheated the buyers













					


			    





A pattern of deception ran through Trump's real estate deals since the mid-2000s. The Trumps were not only the simple licensors they claimed to be, extracting millions in fees from almost every facet of these projects, They often cheated buyers and investors in key information, such as the level of sales and the role of Trump. Investment in offers. (Read our full investigation.) The Trump Organization did not answer our questions and the White House did not comment.





            

        



Projects where a member of the Trump family exaggerated sales numbers

DOMINICAN REPUBLIC

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

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

Result: Never built

FORT LAUDERDALE

Claim: Trump announced that the hotel / condominium was "practically exhausted" in April 2006, according to a broker Who attended the presentation.

Reality: Sixty-two percent of the units were sold in July 2006, according to bank records that emerged in a court case.

Result: He went into foreclosure. Trump's name was removed before construction was completed.

LAS VEGAS

Claim: The condos are "sold out," Trump told The Associated Press in 2005

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

Result: Constructed.

PANAMA

Claim: "It's a 1,000-unit building, we've sold more than 90 percent of it," Ivanka said to the portfolio in 2008.

Reality: Three months later, 79 percent of the units were pre-sold, according to Moody's.

Result: Built, but went bankrupt; The name of triumph was eliminated.

SOHO

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

Reality: The affidavit of a Trump partner revealed that 15 percent had been sold at that time.

Result: Built, but went bankrupt; The name of triumph was eliminated.

TAMPA

Claim: Building "Exhausted"Trump told The Wall Street Journal in 2007.

Reality: The developers did not sell a minimum of 70 percent of the units, according to a letter from the Trump company that year, which they considered a violation of their contract.

Result: Never built

TORONTO

Claim: In a 2009 interview, Ivanka referred to the property as "practically exhausted. "

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

Result: Built, but went bankrupt; The name of triumph was eliminated.

Projects where the triumphs suggested that they were developers, partners or owners of capital (they were not)

LOW

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

DOMINICAN REPUBLIC

"I'm excited to be building Trump in Cap Cana," Trump said in a 2007 press release, according to Univision.

FORT LAUDERDALE

Trump called the hotel and the tower "my last development" in a letter announcing the project.

REPUBLIC OF GEORGIA

"TRUMP INVESTS IN GEORGIA" read banners for the project, according to The New Yorker. When a Fox presenter asked him what he was "investing," Trump responded: "I'm doing a great development" in Georgia.

PANAMA

"I am honored to develop this extraordinary skyscraper with my partner Roger Khafif of Group K," said Trump in a 2009 marketing statement.

TAMPA

Trump claimed a share in the property in a news article At that time, stating that it was less than 50 percent, he added: "But it's a substantial participation, I said recently that I would like to increase my bet, but when they sell that well, they do not let you do that."

WAIKIKI

In the final episode of the fifth season of "The Apprentice", Trump announced the project on national television and said: "That's why I'm building the magnificent Trump Hotel and Tower Waikiki." In 2007, he said The Wall Street Journal: "This building is largely owned and developed by me."



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Bomb and triumph

Donald Trump states that he only granted his license for real estate projects developed by others. But an investigation of a dozen deals with Trump shows deep family involvement in projects that often involved deceptive practices.







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