October 21, 2018

Report: Ivanka Trump misrepresented real estate figures

Law & Crime -Ivanka Trump misrepresented the sales figures of various Trump-branded properties around the world on multiple occasions over the past decade, according to a lengthy exposé released late Wednesday by public interest news organization ProPublica in conjunction with Manhattan public radio station WNYC.

Those real estate-related misrepresentations were almost certainly criminal according to legal experts surveyed by Law&Crime.

In interviews and press conferences, Ivanka Trump gave false sales figures for projects in Mexico’s Baja California; Panama City, Panama; Toronto and New York’s SoHo neighborhood. These statements weren’t just the legendary Trump hype; they misled potential buyers about the viability of the developments.

The specifics–all of which are contained and copiously documented in the joint exposé–proceed as follows:

In 2009, Ivanka Trump claimed that a Toronto Trump property was “virtually sold out.” In reality, fewer than 25 percent of those units had been sold–according to a bankruptcy filing by the property developers. The property was built. Then it went bankrupt. The Trump name was removed from the building.

In 2008, Ivanka Trump claimed that a Panama Trump property was “over 90 percent” sold. In reality, fewer than 80 percent of those units had been sold–according to Moody’s Investors Service. The property was built. Then it went bankrupt, too. The Trump name was removed from the building.

Also in 2008, Ivanka Trump claimed that a Manhattan SoHo Trump property was 60 percent sold. In reality, only 15 percent of those units had been sold–according to a legal affidavit filed by a Trump partner. The property was built. Then? Bankrupt again. Trump’s name was removed from the building.

1 comment:

Anonymous said...

Put them in jail. I am all for jailing criminals. I think everyone knows Trumps a bad guy that deserves jail. I think most people need a lesson about the Clinton's being equal or worse than Trump.
My view is Trump does not have blood on his hands and that makes him the lesser evil in comparison to Clinton. Seems like easy work painting Trump bad because he is. Hillary on the other hand would take some serious work to connect the dots to make it clear to all especially the short attention span public.