Ivanka Trump may have purposely misrepresented the sales figures of various brand properties around the world on several occasions over the past decade. According to an exposé released on Wednesday by news organization ProPublica, these real estate related misrepresentations were most likely criminal, according to legal experts. According to ProPublica, the Trump family are notorious for “Pump and Trump”:
In interviews and press conferences, Ivanka Trump gave false sales figures for projects in Mexico’s Baja California; Panama City, Panama; Toronto and New York’s SoHo neighborhood. These statements weren’t just the legendary Trump hype; they misled potential buyers about the viability of the developments.”
The specifics of Trump’s family fraud include properties being “virtually sold” in 2009 when fewer than 25 percent of the units had been actually sold. The property was essentially built, went bankrupt, and the Trump name was removed from the property. The year prior, Ivanka claimed that a Panama Trump property was “over 90 percent sold.” But in reality, 80 percent of the units were sold. That property also was built, went bankrupt, and the Trump name was subsequently removed. In that same year, Ivanka claimed that a Manhattan SoHo Trump property was 60 percent sold when only 50 percent of the units were sold, according to an affidavit filed by a Trump partner. The cycle continued — the property was built, bankruptcy happened, the Trump name was removed.
The shenanigans surrounding in the Soho property sparked an investigation by New York City. “The Manhattan district attorney’s office [under Cyrus Vance] considered charging the Trumps but backed off after a visit from a donor — Trump’s attorney Marc Kasowitz.”
Even though Vance’s office passed on the prosecution, special counsel Robert Mueller focused some of his vast resources on the Trump Soho Hotel fiasco in late 2017. The Manhattan District Attorney’s office is now under investigation by the FBI over those corruption and pay-to-play allegations, according to the New York Daily News.
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