Donald Trump – Former president Donald trump was once paid in Gold bars that where been wheeled into Trump tower apartment new book claims as he faces sweeping $250m lawsuit from New York AG Letitia James for ‘lying about the value of his property.’ It was revealed that Trump’s business dealings in the New York City real estate world and beyond, from a veiled threat to the owner of a magazine preparing to report on his inflated net worth to an acknowledgment that his businesses had to sometimes interact with the mob, Trump used to sometimes receive lease payments in cash and that a leaseholder once gave him the gold bars covering the cash portion of the lease on a parking garage.
On a different occasion Trump’s other business practices are now under renewed and intense scrutiny in the wake of the New York attorney general’s sweeping lawsuit, announced Wednesday, against Trump, his older children and his company alleging scores of fraudulent financial activities that the former President used to enrich himself.
The parking garage in the General Motors building in Manhattan, purchased by Trump in 1998. According to Haberman’s book, Trump was clueless about what to do with the gold bars. He told Matt Calamari who was a security guard that became CEO of Trump’s Organization to take the bars to his apartment in Trump Tower, But it is not known where the gold bars ended up.
According to Haberman reports – Despite the apparent extravagance of getting paid in gold, At a time Trump was said to have borrowed seven million dollars from Trump Organization executive George Ross, it was to “cover a situation that was disposed of very quickly” and not for payroll expenses.
George Ross also recounts a time that Trump was said to have threatened to go public with rumors that Malcolm Forbes, the deceased owner of Forbes magazine, was gay, when the magazine was preparing to report that Trump’s net worth was far below what he claims.
Haberman writes that officials at the Trump Organization operated in silos, and they often were unaware of what was happening elsewhere in the business. When Trump’s hotel and casino company was rebuked by the Securities and Exchange Commission over a misleading earnings statement, Haberman writes that Trump was more involved than the company let on.
Haberman writes that, Jay Goldberg, Trump’s lawyer at the time, held the company officials responsible for the misleading projections in 1999 and insisted Trump was not involved. News stories at the time of the SEC action three years later also stated that Trump did not have a role in the financial statement that overstated the company’s earnings. But Haberman reports that a former company consultant, Alan Marcus, said that Trump personally marked up a draft of the release in question and made existing projections auspicious.
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