Shell companies spend $890M on Trump condos during financial crisis
From 2008-2012, shell companies spent $890 million buying 823 Trump condos in cash – 25% of units sold. Delaware LLCs bought an additional 75 Trump condos for $129 million. More than 87% were in Trump-licensed buildings, with sales surging during Trump’s financial troubles when he couldn’t make a $40 million loan payment and faced $2 billion in accumulated debt.
Key Actors
Sources (7)
- Secret Money - How Trump Made Millions Selling Condos To Unknown Buyers (2018-01-12)
- Trump condo sales indicate possible money laundering, says report (2018-01-12)
- Trump Has Sold Millions in Real Estate to Secret Buyers (2018-01-12)
- Pandora Papers reveal new details on Trump defeat donor's money laundering past (2021-10-03)
- Narco-a-lago - Money Laundering at the Trump Ocean Club, Panama (2017-11-17)
- Trump sold $1.5 billion of condos to potential money launderers thanks to this gaping loophole (2018-01-12)
- Cracking the Shell - Trump and the Corrupting Potential of Furtive Russian Money (2018-03-02)
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