New book exposes Trump’s business practices that once included payments in gold bars – News

New book exposes Trump’s business practices that once included payments in gold bars – News
New book exposes Trump’s business practices that once included payments in gold bars – News


Former President Donald Trump’s business practices have included some eyebrow-raising moments, such as once paying for his Trump Tower apartment with wheeled gold bars, according to a report obtained by CNN from a forthcoming book by New York Times reporter Maggie Haberman.

Haberman revealed new details about Trump’s business dealings in the New York City real estate world and beyond, from a veiled threat to a magazine owner to report on his inflated wealth to an admission that his businesses sometimes had to go public, via CNN. According to the reporting received.

Separately, 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, alleging fraudulent financial activity against Trump, some of his children and his companies that the former president used. Enrich yourself.

In an interesting episode, Haberman wrote that Trump sometimes received part of the lease payments in cash, including when a lessee once sent Trump dozens of gold brick boxes to cover the cash portion of the lease in the parking garage of the General Motors Building. in Manhattan, which Trump bought in 1998.

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

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

According to former officials, Haberman wrote that Trump’s financial situation at his company was often more precarious than people realized.

At one point, Trump reportedly borrowed millions of dollars from Trump Organization executive George Ross, according to Haberman. Ross acknowledged to the author that he loaned Trump the money, but insisted it was to “cover a situation that was resolved very quickly” and not for salary expenses.

In another episode, Haberman writes that when Trump threatened to go public with rumors that the deceased owner of Forbes magazine, Malcolm Forbes, was gay, the magazine was preparing to report that Trump’s net worth was much lower than it actually was. to demand publicly.

Haberman wrote that Trump Organization executives worked 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 wrote that Trump was more involved than the company itself.

Trump’s lawyer at the time, Jay Goldberg, blamed company officials for the misleading estimates in 1999 and insisted that Trump was not involved, Haberman wrote. News stories during the SEC action three years later also said Trump had no role in the financial statements that overstated the company’s earnings.

But Haberman reported that a former company consultant, Alan Marcus, said Trump personally identified a draft of the disclosure in question and exaggerated existing assumptions.

Trump denied that account, according to Haberman.

In an interview with Haberman, Trump acknowledged that his business dealings in New York City meant he occasionally had to interact with crowds, though he downplayed how aware he was of it.

“Well, anyone who built in New York City, you dealt with them indirectly, or didn’t even know they existed, they existed,” Trump said. “Well, you’ve got deals, you’ve got contractors and you don’t know if they’re crowded or regulated or regulated, but I’ll tell you sometimes it’s very difficult to get bids. You will get a bid, it will be a high end disappointing bid And then there was no one else to bid.”

The article is in Bengali

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