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LunaSea

(2,892 posts)
Mon Jan 23, 2017, 08:22 AM Jan 2017

Why Trump didn't run in 2012

Apparently a MUCH larger rug was needed to sweep all this under.
Time to review what was going on then-

With lawsuits pending and shady partners, Trump’s business empire could not withstand the scrutiny of a presidential campaign, and even his kids might have been muddied.

Wayne Barrett
05.26.11 3:29 PM ET

Editor's Note, 8/10/15: Four years ago, Wayne Barett reported shady business deals ahead of Trump's flirtation with a White House run. After first exposing Trump’s ties to organized crime in his 1992 book, Barrett looked into his most recent business dealings and discovered the following:

• One associate who was an "unindicted co-conspirator" in a massive 2000 stock swindle—and escaped prison only by helping to convict 19 others, including six members of New York crime families

• Two associates who served prison time on cocaine charges
• Another partner prosecuted for trafficking underage girls after a dramatic helicopter raid on a yacht off the Turkish coast
• A pending lawsuit against Trump Soho that alleges daughter Ivanka, among others, made fraudulent misrepresentations

“I had no idea I would get hammered in the way I’ve been hammered,” Donald Trump declared in New Hampshire on May 11, five days before he dropped out of a presidential race he never formally entered.

Trump knew when he went to New Hampshire that he was about to be hammered again, this time on the front page of The New York Times, which, two days later, reported that hundreds of buyers at condo projects that bear his name were suing him. Trump then went on CNBC—in what turned out to be his last presidential TV interview—and blasted the author of the Times piece, Michael Barbaro, as well as NBC’s investigative chief, Michael Isikoff, and even one of the show’s hosts, Simon Hobbs. Two weeks earlier, Trump had been roasted by the president at the White House Correspondents' Dinner, and now, anyone with a question to ask looked at him as if he had barbecue fork in hand.

Tons more-
http://www.thedailybeast.com/articles/2011/05/26/inside-donald-trumps-empire-why-he-wont-run-for-president.html

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JI7

(89,244 posts)
1. isn't this before he was that deep into it with russia/putin ?
Mon Jan 23, 2017, 08:25 AM
Jan 2017

and isn't the alleged tape putin has from 2013 ?

LunaSea

(2,892 posts)
2. No, it appears his involvement with Felix Sater goes back much farther
Mon Jan 23, 2017, 08:32 AM
Jan 2017
http://www.democraticunderground.com/10028520625

From the Barrett article Saters' name comes up in a Trump deposition in 2007

Two days before Trump’s 2007 deposition in the O’Brien case, however, The New York Times broke a story about a top Bayrock executive, Felix Sater (aka Satter). Sater had gone to prison for plunging the stem of a wine glass into a commodity broker’s face in a bar fight. He’d also narrowly averted jail a second time, when he was named an “ unindicted co-conspirator” in a massive federal fraud case in 2000. Sater cooperated in this probe of a $40 million stock swindle, which resulted in 19 guilty pleas and the conviction of six mobsters— including the nephew of Carmine “the Snake” Persico and the brother-in-law of Sammy “the Bull” Gravano. The wise guys were part of a “pump and dump” stock scam at the Wall Street firm, White Rock Partners, that Sater ran with Sal Lauria.

Sater, the son of a reputed Russian mob boss, whose mini–storage locker contained two unlicensed pistols and a shotgun, actually worked out of a penthouse office in Trump’s new building at 40 Wall Street. Lauria, who pled guilty to a racketeering charge in the pump-and-dump case, later claimed in a memoir he published that he’d been on talking terms with Trump.

“What kind of interaction did you have with Mr. Sater,” Trump was asked in the O’Brien deposition back in 2007.

“Not that much,” he replied. “I dealt mostly with Tevfik.”

Trump was referring to Tevfik Arif, the founder and chairman of Bayrock, who’d told the Real Estate News shortly before Trump’s deposition that Donald " has been very helpful to us from the beginning and he's been very helpful in opening some doors." In his deposition, Trump praised Arif’s “international connections,” and detailed half a dozen “phenomenal” prospective tower deals with Arif, including ones in Moscow, Yalta, Warsaw, Istanbul, and Kiev.

LunaSea

(2,892 posts)
5. Maybe 2003 or earlier
Mon Jan 23, 2017, 08:50 AM
Jan 2017
http://www.nytimes.com/2007/12/17/nyregion/17trump.html

Born in the Soviet Union in 1966, Felix H. Sater immigrated with his family to Brighton Beach when he was 8 years old. At 24 he was a successful Wall Street broker, at 27 he was in prison after a bloody bar fight, and at 32 he was accused of conspiring with the Mafia to launder money and defraud investors.

Along the way he became embroiled in a plan to buy antiaircraft missiles on the black market for the Central Intelligence Agency in either Russia or Afghanistan, depending on which of his former associates is telling the story.

But in recent years Mr. Sater has resurfaced with a slightly different name and a new business card identifying him as a real estate executive based on Fifth Avenue. And although he may not be a household name, one of the people he is doing business with is: Donald J. Trump.

Mr. Sater — who now goes by the name Satter — has been jetting to Denver, Phoenix, Fort Lauderdale, Fla., and elsewhere since 2003, promoting potential projects in partnership with Mr. Trump and others. In New York, the company Mr. Sater works for, Bayrock Group, is a partner in the Trump SoHo, a sleek, 46-story glass tower condominium hotel under construction on a newly fashionable section of Spring Street.


But much remains unknown about Mr. Sater, 41, and determining the truth about his past is a bit like unraveling the plot of a spy novel: Almost every character tells a different tale.

more-
http://www.nytimes.com/2007/12/17/nyregion/17trump.html

underpants

(182,736 posts)
6. Trump used for laundering?
Mon Jan 23, 2017, 09:38 AM
Jan 2017

I'd have to research a bit but I do remember reading something about Russians using real estate purchases as a means of moving money into the US or hiding it or cleansing it.

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