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Mon Mar 30, 2020, 08:42 PM

Court Rules Against Trump's Business in Fraud Case Stemming from Sale of Controversial Hotel


Court Rules Against Trumpís Business in Fraud Case Stemming from Sale of Controversial Hotel
by Jerry Lambe | 4:56 pm, March 30th, 2020


A federal court in Manhattan on Monday ruled against President Donald Trumpís private business, finding that a former business partner could pursue fraud claims stemming from allegations that the presidentís company evaded income taxes and under-represented expenses at its scandal-plagued Panama hotel and condominium complex.

The plaintiffs, Ithaca Capital Investments (Capital), purchased a majority of the units in the Panama project in 2016, nearly two years before the Trump International Hotels Management (Trump International) entirely withdrew from the project, which is now JW Marriott.

In a 26-page opinion, U.S. District Judge Edgardo Ramos ruled that Ithaca could amend a previous lawsuit to add fraud claims against Trump International alleging the company induced purchase of a majority of the units by fraudulently misrepresenting the hotelís performance. Ramos also dismissed Trump Internationalís counterclaims of breach of contract and fraudulent concealment and inducement against Ithaca.

According to the complaint, Trumpís company repeatedly provided Ithaca with false information while the company was conducting due diligence on the hotelís financials prior to a potential purchase.


more...

https://lawandcrime.com/lawsuit/court-rules-against-trumps-business-in-fraud-case-stemming-from-sale-of-controversial-hotel/?fbclid=IwAR2jwSBf-1Ec_34Y6wXjq5k15P_hYGIPWgLrhiOciY4l9ZM4KP0F5GELM-g

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Reply Court Rules Against Trump's Business in Fraud Case Stemming from Sale of Controversial Hotel (Original post)
babylonsister Mar 2020 OP
leftieNanner Mar 2020 #1
magicarpet Mar 2020 #8
Me. Mar 2020 #2
edhopper Mar 2020 #3
smirkymonkey Mar 2020 #4
Hoyt Mar 2020 #5
niyad Mar 2020 #7
niyad Mar 2020 #6
Marie Marie Mar 2020 #9
babylonsister Mar 2020 #10

Response to babylonsister (Original post)

Mon Mar 30, 2020, 08:46 PM

1. May this be the first domino to fall

in the perpetually fraudulent life of Donald J. Trump!

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Response to leftieNanner (Reply #1)

Mon Mar 30, 2020, 09:03 PM

8. Bingo,... top dead center hit on that rusty nail, drove that home with one hit.

.....perpetually fraudulent life of Donald J. Trump!


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Response to babylonsister (Original post)

Mon Mar 30, 2020, 08:48 PM

2. Hardee Har

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Response to babylonsister (Original post)

Mon Mar 30, 2020, 08:49 PM

3. That's the one they used

to launder cartel money.

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Response to babylonsister (Original post)

Mon Mar 30, 2020, 08:50 PM

4. Drip, drip, drip.

Sooner or later it will drown him.

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Response to babylonsister (Original post)

Mon Mar 30, 2020, 08:58 PM

5. How stupid must the plaintiffs be to believe anything the trumps told them?

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Response to Hoyt (Reply #5)

Mon Mar 30, 2020, 08:59 PM

7. GMTA

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Response to babylonsister (Original post)

Mon Mar 30, 2020, 08:58 PM

6. While I am pleased with the ruling, I have a question for Ithaca. What the hell were you thinking,

Entering into an arrangement with don the con..... Everyone knew his reputation!, yet you did it byway. Greed? Stupidity? Arrogance?

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Response to babylonsister (Original post)

Mon Mar 30, 2020, 11:37 PM

9. Sounds good but please wake me when there are actual consequences.

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Response to Marie Marie (Reply #9)

Tue Mar 31, 2020, 12:42 AM

10. Hey, as long as they're going forward. nt

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