Thursday, July 07, 2016

Close-Knit Family






At first reading, it seems like just another scam from the master, Donald Trump, not unlike Trump University and Trump towers in Tampa and Fort Lauderdale.

Most of the approximately 250 buyers of condominiums at Trump Oceanfront south of Tijuana, conned out of $32.4 million in deposits, sued Donald and his partners for fraud after the project was abandoned in 2009.  The Los Angeles Times reports

The Baja resort was supposed to cover 17 acres of oceanfront property on bluffs 10 miles south of the U.S. border. The 525 condos cost $275,000 to $3 million; Simms’ was $506,900. Buyers were required to make a 30% deposit in several installments.

As the Trumps and their partners promoted the condos with sleek brochures and what they called “VIP” cocktail receptions in San Diego County, they often left the impression — or said outright — that Trump was one of the developers. Their marketing team determined that the Trump name was the No. 1 draw for buyers, according to documents that surfaced in the lawsuit.

In the suit, later settled out of court, the plaintiffs, according to the Times, claimed they "were not a developer and had no responsibility to refund buyers’ deposits." However

A July 2007 newsletter sent to condo buyers also stated that the resort was being “developed by one of the most respected names in real estate, Donald J. Trump.”

Further buttressing buyers’ belief that Trump was one of the developers, not just a brand name, Trump personally signed an August 2007 letter to condo buyers that identified him as exactly that. It was on the letterhead of P.B. Impulsores, the Mexican company named in unit purchase documents as the resort developer.


The letter, co-signed by Jason Grosfeld of Irongate, urged buyers to read an attached “Frequently Asked Questions” sheet about the project. This time, Trump and Irongate were listed as the developers.


But this case had come with a twist- it involved Trump family members and

“We are developing a world-class resort befitting of the Trump brand,” Ivanka Trump said in a video on the Trump Baja website. “I’m very excited about it. I actually chose to buy a unit in the first tower.”

Her father appeared in the same video saying he was proud “that when I build, I have investors that follow me all over.”

“They invest in what I build, and that’s why I’m so excited about Trump Ocean resort,” he said.

Unable to join the lawsuit because she no longer had money to pay the attorneys, Stephenee

Simms, in a video appearance she now regrets, was also shown praising Trump’s “wonderful reputation” at a VIP reception hosted by Ivanka Trump at L’Auberge Hotel in Del Mar. “The Trump name is synonymous with quality,” Simms said in the video.

Simms, 50, and Sapol, who went to the same party with her husband, Jeff, remembered meeting Ivanka Trump as waiters served canap├ęs.

“She was joking around that she was my upstairs neighbor, and she could borrow sugar from me,” Simms recalled.

A few weeks later, Donald Trump Jr. met potential buyers at a similar event at the U.S. Grant Hotel in San Diego. A Trump Baja newsletter, sent by the sales team to those who put down deposits, reported that he “flew in from New York to purchase a suite at the event and meet with fellow buyers.”

In fact, according to court documents, Trump Jr. did not buy a condo at the Baja resort.

Garten, the Trump counsel, did not respond directly when asked by email why condo buyers were told that Trump Jr. had bought a unit. In general, Garten said, allegations in the lawsuit “were never proven.”

A July 2007 newsletter sent to condo buyers also stated that the resort was being “developed by one of the most respected names in real estate, Donald J. Trump.”

Further buttressing buyers’ belief that Trump was one of the developers, not just a brand name, Trump personally signed an August 2007 letter to condo buyers that identified him as exactly that. It was on the letterhead of P.B. Impulsores, the Mexican company named in unit purchase documents as the resort developer.

The letter, co-signed by Jason Grosfeld of Irongate, urged buyers to read an attached “Frequently Asked Questions” sheet about the project. This time, Trump and Irongate were listed as the developers.

Fittingly, Ivanka Trump now is being considered as the vice-presidential running mate for her father. Not by anyone sensible, of course, but by a Republican senator, a Trump, and a Fox News host. Appearing Thursday on "Fox and Friends," Eric Trump, agreeing with creepy Bob Corker who had remarked "his best running mate, by the way, would be Ivanka," added

"I agree, right? She's got the beautiful looks, right? She's got — she's smart, she's smart, smart, smart. ... She's certainly got my vote."

"Is she 35?" co-host Steve Doocy asked, in reference to the constitutional requirement that the president be at least 35 years old.

"She'll just be 35," Eric Trump said, noting that her birthday is at Oct. 30, "so she'd just make that by about by, you know, seven, eight days."

"And she definitely has the business sense," co-host Ainsley Earhardt remarked.






Oh, yes, she does. She has the same "business sense" of her father, a specialist in separating people from their money and then fleeing the scene, leaving others holding the bag.









Share |

No comments:

No. No Office.

Anne Fearan, Josh Dawsey, and Emily Heil of The Washington Post provide the boring, albeit necessary, background: A transoceani...