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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump licensed his name to scammers who sold a hole in the ground for $125,000.
https://www.rawstory.com/2019/05/cnn-blows-the-lid-off-a-trump-scam-that-got-family-to-pay-400000-for-a-literal-hole-in-the-ground/In her report, Burnett talked with a woman named Sandra Sapol, who in 2006 bought a condo at what was supposed to be a new Trump-branded property called the Trump Ocean Resort Baja Mexico.
Sapol said that a woman selling condos at the resort met with her and showed her brochures of what the resort would look like and they came complete with an endorsement from Trump himself that guaranteed people would have the time of their lives at his new resort.
...
But the resort was never built and Sapol lost all the money she invested. On the site of where the hotel was supposed to be constructed is a giant hole in the ground and nothing more.
...
Burnett went on to explain how the people selling the condos were using Trumps brand under a licensing deal under which they misled buyers into believing they were buying property directly from Trump himself.
Sapol said that a woman selling condos at the resort met with her and showed her brochures of what the resort would look like and they came complete with an endorsement from Trump himself that guaranteed people would have the time of their lives at his new resort.
...
But the resort was never built and Sapol lost all the money she invested. On the site of where the hotel was supposed to be constructed is a giant hole in the ground and nothing more.
...
Burnett went on to explain how the people selling the condos were using Trumps brand under a licensing deal under which they misled buyers into believing they were buying property directly from Trump himself.
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Trump licensed his name to scammers who sold a hole in the ground for $125,000. (Original Post)
DetlefK
May 2019
OP
Despicable story, of course. However, they actually lost $125K and all you have to do is watch
mr_lebowski
May 2019
#1
mr_lebowski
(33,643 posts)1. Despicable story, of course. However, they actually lost $125K and all you have to do is watch
the clip that Raw Story is reporting on, it's very clear what the Sapol's lost ... was their $125k deposit.
$418K I believe they said was the total cost of the purchase, but only the deposit was ever paid.
Not that it matters much, cause 125K is still a HUGE amount of money to just ... lose ... but c'mon RS ... all you do is destroy your credibility with bullshit like this. Very irresponsible.
spanone
(135,891 posts)2. K&R...Saw that report on cnn this am.....scammer don
Midnightwalk
(3,131 posts)3. Things that make you go Wuhhht?
Burnett went on to explain how the people selling the condos were using Trumps brand under a licensing deal under which they misled buyers into believing they were buying property directly from Trump himself.
As is buying directly from Trump would have been safer?
ProudLib72
(17,984 posts)4. Reminds me of the cartoon...
The Rump is, obviously, the "big fat goon".