Comments by "" (@DavidJ222) on "See Mar-a-Lago photos that have experts raising national security concerns" video.
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There's a reason why Trump is having a hard time finding good lawyers to represent him. His past lawyers say he was nearly impossible to represent and that it would be unclear if they would ever get paid.
Michael Cohen told the Post. “He’s also a very difficult client in that he’s always pushing the envelope, he rarely listens to sound legal advice, and he wants you to do things that are not appropriate, ethically or legally.”
Trump famously shortchanged many small businesses on the money he owed them. The list includes companies that worked on Trump’s properties or supplied him with chandeliers, pianos, marble, and other luxury touches. But Trump also tried to underpay the very same lawyers who helped him save money, and some ended up suing their former client Trump.
The Atlantic City law firm of Levine Staller saved one of Trump’s companies tens of millions of dollars in taxes—and then sued the company, Trump Entertainment, after the business tried to pay Levine Staller $1.25 million less than the firm was owed.
In 2012, Levine Staller won a settlement that returned $35 million in overpaid taxes and cut $15 million from Trump Entertainment's future liabilities, leading to a total savings of $50 million for the corporation. Trump agreed to pay $7.25 million to the law firm in legal fees, but then only paid Levine Staller $6 million before trying to claim the rest as unsecured debt in ongoing bankruptcy proceedings. In response, Levine Staller sued its former client, Trump Entertainment, and in 2014, a judge rejected Trump Entertainment’s request to be absolved of this debt and told the company to pay up.
It wasn’t an isolated case. Trump underpaid at least four law firms or lawyers who worked for him. One of them, Morrison Cohen LLP of New York City, had represented Trump in a lawsuit against a construction contractor that Trump claimed had overcharged him for work on a golf course. According to USA Today, Trump sued Morrison Cohen for using the case to help promote its work, and the firm countersued for almost $500,000 in unpaid bills. The case was settled in 2009.
It wasn’t just big amounts Trump tried to get out of paying, either. Bill Scherer, a lawyer in Fort Lauderdale, Florida, had to sue Trump in 1994 to collect $5,000 in unpaid legal bills from a case Scherer won for the billionaire. The lawyer told Reuters last year that he had offered Trump a low rate to “curry favor” with the mogul, but still had to sue. “He’s a deadbeat,” Scherer told South Florida’s Sun-Sentinel newspaper. Trump told Reuters that he couldn’t remember Scherer or the case at all. 🤣🤣
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@annmcgarrity9363
Even as his casinos did poorly, Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen. And that is Trump in a nutshell. A narcissistic sociopathic con-man who only cares about himself, and will use others to achieve his own self-serving desires.
In interviews with The Times, Trump acknowledged that high debt and lagging revenues had plagued his casinos. He repeatedly emphasized that what really mattered about his time in Atlantic City was that he had made a lot of money there.
Trump assembled his casino empire by borrowing money at such high interest rates — after telling regulators he would not — that the businesses had almost no chance to succeed.
His casino companies made four trips to bankruptcy court, each time persuading bondholders to accept less money rather than be wiped out. But the companies repeatedly added more expensive debt and returned to the court for protection from lenders.
After narrowly escaping financial ruin in the early 1990s by delaying payments on his debts, Trump avoided a second potential crisis by taking his casinos public and shifting the risk to stockholders.
And he never was able to draw in enough gamblers to support all of the borrowing. During a decade when other casinos there thrived, Trump’s lagged, posting huge losses year after year. Stock and bondholders lost more than $1.5 billion.
Trump now says that he left Atlantic City at the perfect time. Well no sh't. He left after he had ruined everything, and there was no more money for him to grift. The record shows that he struggled to hang on to his casinos years after the city had peaked, and failed only because his investors no longer wanted him in a management role..
He just did not put the equity into the projects he should have to keep them solvent,” said H. Steven Norton, a casino consultant. “When he went bankrupt, he not only cost bondholders money, but he hurt a lot of small businesses that helped him construct the Taj Mahal.”
In an interview with the Times, Trump said “Atlantic City was a very good cash cow for me for a long time.” Like a true sociopath, Trump boasts about how he ravaged Atlantic City, without any regard for all the people and businesses he hurt along the way.
Beth Rosser of West Chester, Pa., is still bitter over what happened to her father, whose company Triad Building Specialties nearly collapsed when Trump took the Taj into bankruptcy. It took three years to recover any money owed for his work on Trump's casino" she said, and her father received only 30 cents on the dollar.
“Trump crawled his way to the top on the back of little guys, one of them being my father,” said Ms. Rosser, who runs Triad today. “He had no regard for the thousands of men and women who worked on those projects."
“He put a number of local contractors and suppliers out of business when he didn’t pay them,” said Steven P. Perskie, who was New Jersey’s top casino regulator in the early 1990s. “So when he left Atlantic City, it wasn’t, ‘Sorry to see you go.’ It was, ‘How fast can you get the he// out of here?’”
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@annmcgarrity9363
Trump assembled his casino empire by borrowing money at such high interest rates — after telling regulators he would not — that the businesses had almost no chance to succeed.
His casino companies made four trips to bankruptcy court, each time persuading bondholders to accept less money rather than be wiped out. But the companies repeatedly added more expensive debt and returned to the court for protection from lenders.
After narrowly escaping financial ruin in the early 1990s by delaying payments on his debts, Trump avoided a second potential crisis by taking his casinos public and shifting the risk to stockholders.
And he never was able to draw in enough gamblers to support all of the borrowing. During a decade when other casinos there thrived, Trump’s lagged, posting huge losses year after year. Stock and bondholders lost more than $1.5 billion.
Trump now says that he left Atlantic City at the perfect time. Well no sh't. He left after he had ruined everything, and there was no more money for him to grift. The record shows that he struggled to hang on to his casinos years after the city had peaked, and failed only because his investors no longer wanted him in a management role..
He just did not put the equity into the projects he should have to keep them solvent,” said H. Steven Norton, a casino consultant. “When he went bankrupt, he not only cost bondholders money, but he hurt a lot of small businesses that helped him construct the Taj Mahal.”
In an interview with the Times, Trump said “Atlantic City was a very good cash cow for me for a long time.” Like a true sociopath, Trump boasts about how he ravaged Atlantic City, without any regard for all the people and businesses he hurt along the way.
Beth Rosser of West Chester, Pa., is still bitter over what happened to her father, whose company Triad Building Specialties nearly collapsed when Trump took the Taj into bankruptcy. It took three years to recover any money owed for his work on Trump's casino" she said, and her father received only 30 cents on the dollar.
“Trump crawled his way to the top on the back of little guys, one of them being my father,” said Ms. Rosser, who runs Triad today. “He had no regard for the thousands of men and women who worked on those projects."
“He put a number of local contractors and suppliers out of business when he didn’t pay them,” said Steven P. Perskie, who was New Jersey’s top casino regulator in the early 1990s. “So when he left Atlantic City, it wasn’t, ‘Sorry to see you go.’ It was, ‘How fast can you get the he// out of here?’”
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