Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
A financial analyst for Trump's organization has testified under oath that Trump kept 2 sets of books for the Old Post Office building project. The one shown to investors showed rosier projections than the one used internally. The company developing the hotel is owned by Trump and three of his children, Ivanka, Donald Jr., and Eric.
The Trump-backed organization pushing this project had no reasonable expectation of the level of success they promised, based on their own findings, but misrepresented the earning potential of the project, in order to get money.
Flores was speaking in a deposition in May by the lawyers for chef Geoffrey Zakarian. He’s a celebrity chef who pulled out of the hotel project when he took offense to Trump’s words about Mexicans. Trump’s lawyers sought to have the testimony kept under wraps, but Buzzfeed News has filed a motion to have that testimony released.
Financial experts say many companies prepare multiple sets of projections, and there’s nothing inherently illegal about that. The potential trouble arises when projections are used to misrepresent what management knows to be true.
I give it about 5 minutes before the **********s come swinging down out of the trees to start screeching about what a smart businessman that Donald is...
A financial analyst for Trump's organization has testified under oath that Trump kept 2 sets of books for the Old Post Office building project. The one shown to investors showed rosier projections than the one used internally. The company developing the hotel is owned by Trump and three of his children, Ivanka, Donald Jr., and Eric.
The Trump-backed organization pushing this project had no reasonable expectation of the level of success they promised, based on their own findings, but misrepresented the earning potential of the project, in order to get money.
Flores was speaking in a deposition in May by the lawyers for chef Geoffrey Zakarian. He’s a celebrity chef who pulled out of the hotel project when he took offense to Trump’s words about Mexicans. Trump’s lawyers sought to have the testimony kept under wraps, but Buzzfeed News has filed a motion to have that testimony released.
Financial experts say many companies prepare multiple sets of projections, and there’s nothing inherently illegal about that. The potential trouble arises when projections are used to misrepresent what management knows to be true.
Later [ financial analyst, Raymond Flores ] said, “And then there are other projections where, you know, we’re pitching to a lender or an equity source, where it’s rosier.” With these projections, he said, “we’re pushing the boundaries of — we’re pushing ranges of reasonability at those — at those projections to show, you know, what the hotel could be.”
i will need to incorporate "pushing ranges of reasonability" into my vocabulary.
Trump's a con man. He conned the investors with his 2nd set of books. He's trying to con the voters but most of them have figured out that Trump's a thin skinned narcissistic con man.
is there anything in the buzzfeed article you can show to be false?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
