Gnarly Goat wrote: Post: #838115 Gnarly Goat - Thu Nov 03, 2016 5:02 am
Good overview of a Trump project failure replete with bankruptcies, fraud allegations, and The Donald walking away with his cash.A Trump Tower Goes Bust in Canada
http://www.independent.co.uk/news/world ... 23566.htmlCanada's highest court upholds ruling that Donald Trump did mislead investors
'Both believed that buying into the Trump project would be an excellent investment,' says Justice Paul Rouleau. 'And in time, both came to realise that they were wrong'
A lawsuit alleging that Donald Trump and a real estate development firm misled investors, has been upheld by Canada's highest court.
Sarbjit Singh and Se Na Lee alleged they were sold units in Toronto's, Trump International Hotel, under false pretences.
The pair claimed they were misled to believe their investments would see returns ranging from 7.7 per cent to 20.9 per cent. Instead, they said they lost a combined C$1.2m (£732,810).
The Ontario Court of Appeal last year, sided with them in their case against Mr Trump, Talon International Development and former executives of that firm.
That decision was backed by The Supreme Court of Canada which upheld the lower court's ruling and refused to hear an appeal from the defendants. <SNIP>
Lani wrote:Conflicts of Interests/Corruption #45's Administration
Post: #865052 Lani - Mon Mar 06, 2017 3:01 pm
Meanwhile, failed Trump hotel in Canada:CBC News AlertsVerified account @CBCAlerts 5h5 hours ago
Court-run sale of Trump-branded hotel in Toronto receives no bids. Ownership likely to fall to investment firm that loaned project $300M.