Former President Donald Trump’s business practices include some jaw-dropping moments, such as having been pushed into Trump Gold bullion payment for the apartment in the Pu Building.
Haberman has revealed new details of Trump’s business dealings in New York City’s real estate world and beyond, from veiled threats to magazine owners preparing to report on his inflated net worth to an admission that his businesses have sometimes had to fight thugs. Interactive, according to reports obtained by CNN.
Separately, Trump’s other business practices are now under new and intense scrutiny after the New York attorney general announced Wednesday a sweeping lawsuit against Trump, some of his children and his companies, alleging that the former president once engaged in Substantial fraudulent financial activity. Enrich themselves.
In one high-profile incident, Haberman wrote that Trump has occasionally received partial cash lease payments, including a time when a lessee sent Trump a box of dozens of gold bricks to pay GM The cash portion of the car building’s parking lot lease is in Manhattan, which Trump bought in 1998.
According to Haberman, Trump told aides he did not know what to do with the bullion. He eventually directed Matt Calamari, a security guard who had served as the Trump Organization’s chief operating officer, to push the bar to his Trump Tower apartment. It is unclear what happened to the BRICS. Calamari’s attorney declined to comment, and Haberman wrote that Trump called it “a fantasy issue.”
Haberman’s book, The Confident Man: The Making of Donald Trump and America’s Collapse, will be published Oct. 4. These include an examination of Trump’s journey through the New York business world and the aftermath of his presidency and 2020 loss to Joe Biden. Haberman is a CNN political analyst, a longtime New York-based reporter who has worked for two New York City tabloids, and has covered Trump’s 2016 and 2020 campaigns for The New York Times and Trump White House.
According to former officials, Haberman wrote that Trump’s financial situation at his company is often more precarious than people realize.
At one point, Trump borrowed several million dollars from Trump Organization executive George Ross, according to Haberman. Ross acknowledged to the author that he lent Trump money, but insisted it was to “make up for a situation that was resolved soon,” not to pay wages.
In a separate episode, Haberman wrote that Trump reportedly threatened to go public with rumors that Malcolm Forbes, the late owner of Forbes magazine, was gay at the time the magazine was preparing to report that Trump’s net worth was well below his real assets. publicly claim.
Haberman wrote that Trump Organization officials operate in silos, often unaware of what is happening elsewhere in the industry.
When Trump’s hotel and casino company was reprimanded by the SEC for misleading earnings statements, Haberman wrote that Trump was more involved than the company showed.
Haberman wrote that Trump’s attorney at the time, Jay Goldberg, accused company officials of making misleading predictions in 1999 and insisted Trump was not involved. News reports when the SEC took action three years later also suggested that Trump had not inflated corporate earnings in his financial statements.
But Alan Marcus, a former company adviser, said Trump personally flagged a draft of the press release and made existing forecasts more optimistic, Haberman reported.
Trump has denied the claim, according to Haberman.
Trump acknowledged in an interview with Haberman that his business dealings in New York City meant he sometimes had to interact with thugs, though he downplayed how much he knew about it.
“Well, anyone who builds in New York City, whether you’re dealing with them indirectly, or you don’t even know they exist, they do exist,” Trump said. “Okay you deal, you have contractors and you don’t know if they are thugs or controlled or uncontrolled, but I’ll tell you sometimes it’s very difficult to get a bid. You get a bid and it’s going to be a Disappointing high-end bid. Then there’s no one else to pray.”