September 29, 2022

Exclusive: New book reveals Trump’s business practices included once being paid with gold bars

3 min read


Former President Donald Trump The business practices included some eyebrow-raising moments, such as once being paid with gold bars that were wheeled into his Trump Tower apartment, according to reporting obtained by CNN. An upcoming book By New York Times reporter Maggie Haberman.

Haberman revealed new details about Trump’s business dealings in the world of New York City real estate and beyond, from threatening a magazine owner to reporting on his inflated net worth. was gearing up to admit that her business sometimes requires dealing with crowds. , according to reporting obtained by CNN.

Separately, Trump’s other business practices are now being renewed and scrutinized in the wake of the New York attorney general. A clear caseOn Wednesday, announced against Trump, some of his children and his company Alleging several fraudulent financial activities that the former president used to enrich himself.

In a surprising twist, Haberman writes that Trump would occasionally receive part of the lease payments in cash, including when a leaseholder gave Trump dozens of dollars to cover the cash portion of a lease on a parking garage at a General Motors building. A box of gold bricks was sent. in Manhattan, which Trump bought in 1998.

According to Haberman, Trump told aides he didn’t know what to do with the gold bars. He eventually directed Matt Calamari, a onetime security guard who became chief operating officer at the Trump Organization, to wheel the bars to his apartment in Trump Tower. It is not clear what happened to the gold bricks. Calamari’s lawyer declined to comment, and Haberman writes that Trump called it “an imaginary question.”

Haberman’s book, “Confidence Man: The Making of Donald Trump and the Breaking of America,” is released Oct. 4. It includes Trump’s trip to the New York business world, as well as an overview of his presidency and his post-2020 outlook. Loss to Joe Biden. Haberman, a CNN political analyst, is a longtime New York-based reporter who has worked for both of the city’s tabloid newspapers, and has covered Trump’s 2016 and 2020 campaigns and the Trump White House for The New York Times. What did

Haberman writes that Trump’s financial situation at his company was more precarious than most people realize, according to former officials.

At one point, Trump borrowed several million dollars from Trump Organization executive George Ross, according to Haberman. Ross acknowledged to the author that he had given Trump the loan, but insisted it was to “cover a situation that was dealt with very quickly” and not for payroll expenses.

In another episode, Haberman writes that Trump was said to have threatened to publicize rumors that slain Forbes magazine owner Malcolm Forbes was gay, when the magazine was preparing to report it. That Trump’s net worth is much lower than that. Claim publicly.

Haberman writes that Trump Organization officials operated in silos, and were often unaware of what was happening elsewhere in the business.

When Trump’s hotel and casino company was reprimanded by the Securities and Exchange Commission for misleading earnings statements, Haberman writes that Trump was more involved than the company let on.

Haberman writes that Trump’s lawyer at the time, Jay Goldberg, blamed company officials for the misleading estimates in 1999 and insisted that Trump was not involved. News reports around the time of the SEC action three years later also indicated that Trump had no role in the financial statements that inflated the company’s earnings.

But Haberman reports that Alan Marks, a former company consultant, said Trump personally marked up the release draft in question and inflated existing estimates.

According to Haberman, Trump denied the account.

In an interview with Haberman, Trump acknowledged that his business dealings in New York City meant he sometimes had to interact with crowds, though he downplayed how familiar he was with them. .

“Well, anything built in New York City, whether you dealt with them indirectly, or didn’t even know they existed, they exist,” Trump said. “Well, you made the deal, you had the contractors and you don’t know if they were mobs or controlled or maybe not controlled, but I will tell you that bidding is sometimes very It’s difficult. You’ll get a bid, it’ll be a very disappointing bid. And then there were no bidders.

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