Discover and read the best of Twitter Threads about #TrumpOceanClubPanama
Most recents (10)
(7/6/20) The former president of Panama’s sons were arrested for money laundering and bribery. President Ricardo Martinelli sat on the board of the bank that #Greenlighted #TrumpOceanClubPanama. He was a VIP guest at the project’s opening in 2011... justice.gov/usao-edny/pr/t…
LOOK AT THE DATES: "between approx 8/09 and 1/14 the defendants facilitated...pymt of bribes from #Odebrecht to or for the benefit of the *PANAMA GOV OFFICAL* by taking...steps that included opening and managing SECRET bank accts [via] shell companies in FOREIGN jurisdictions."
(7/21/15): "After 2016 presidential candidate Sen. Lindsey Graham, (R-S.C.), said fellow GOP candidate Donald Trump should "stop being a jackass," Trump hit back. During a campaign rally in South Carolina, Trump responded by reading Graham's phone number out loud."
BOOP.
BOOP.
10/9/17: Lindsey Graham plays golf with Trump:
"How bad did he beat me? I did better in the presidential race than today on the golf course!"
Kinda interesting thing to say.
"How bad did he beat me? I did better in the presidential race than today on the golf course!"
Kinda interesting thing to say.
ICYMI: "The majority owners of the former #TrumpOceanClubPanama say they’ve unearthed old financial records showing the Trump Org evaded the country’s taxes...Cypriot investor Orestes Fintiklis...made the filing Monday in New York [federal court]."
thedailybeast.com/owners-of-form…
thedailybeast.com/owners-of-form…
These are the same investors that Trump's security staff roughed up.
And remember the shredding of documents? Yeah.
And remember the shredding of documents? Yeah.
"In Monday’s filing, Fintiklis claims the records show the Trump Organization was not paying a required 12.5 percent Panamanian tax on management fees required to run the hotel and that the company also avoided taxes by under-reporting the salaries it paid to hotel employees. "
💰💦Narco-a-lago: 💦💰
Suspected Money Laundering at the Trump Ocean Club, Panama
Main Thread
#TrumpOceanClubPanama
Suspected Money Laundering at the Trump Ocean Club, Panama
Main Thread
#TrumpOceanClubPanama
📌In the early 2000s, a series of bankruptcies meant Trump was shunned by most lenders.
📌Struggling for credit, he started selling his name to high-end real estate projects.
globalwitness.org/en/campaigns/c…
📌Struggling for credit, he started selling his name to high-end real estate projects.
globalwitness.org/en/campaigns/c…
📌2005: Newland International Properties Corp, owned the dev’t of the future Trump Ocean City Panama (1st int’l dev), to finance construction with a bond underwritten by Bear Stearns, which collapsed in 2008, & was subsequently acquired by JPMorgan.
reuters.com/investigates/s…
reuters.com/investigates/s…
‼️Trump Family Deceptive Practices
🍎🌳
The late Fred Trump & his estate, funneled millions of dollars to his children, in possible violation of tax rules & criminal laws.
Docs show that Fred directed $413 million in today’s dollars to Donald
nytimes.com/interactive/20…
🍎🌳
The late Fred Trump & his estate, funneled millions of dollars to his children, in possible violation of tax rules & criminal laws.
Docs show that Fred directed $413 million in today’s dollars to Donald
nytimes.com/interactive/20…
NOT the single loan for $1 million, with interest, that Donald has always claimed — it exploded Trump’s long-propagated claim that he is a self-made man.
nytimes.com/interactive/20…
nytimes.com/interactive/20…
📌Why did Trump spend more than $400 million in cash, with no loans, to buy properties between 2006 and 2015?
washingtonpost.com/news/powerpost…
washingtonpost.com/news/powerpost…
‼️The Developer - Roger Khafif
(Trump Ocean Club Panama 2005)
Trump’s involvement in the Ocean Club began in 2005, when local developer Roger Khafif travelled to Trump Tower in NY to pitch the idea of a Trump project in Panama.
reuters.com/investigates/s…
(Trump Ocean Club Panama 2005)
Trump’s involvement in the Ocean Club began in 2005, when local developer Roger Khafif travelled to Trump Tower in NY to pitch the idea of a Trump project in Panama.
reuters.com/investigates/s…
Khafif said he told Trump would need only to license his name & provide hotel management.
Salomón Shamah, Roger Khafif, Donald Trump Jr., Ivanka Trump and Eric Trump.
Salomón Shamah, Roger Khafif, Donald Trump Jr., Ivanka Trump and Eric Trump.
📌Khafif recalled that Trump wanted to use the Panama project as a “baby” for his daughter Ivanka, who had just joined the Trump Organization, to gain experience in the property business.
reuters.com/investigates/s…
reuters.com/investigates/s…
‼️Alexandre Ventura Nogueira
(Trump Ocean Club Panama 2005)
The developer (Kalif) recalled that Trump wanted to use the Panama project as a “baby” for his daughter Ivanka, who had just joined the Trump Org, to gain experience in the property business
.
reuters.com/investigates/s…
(Trump Ocean Club Panama 2005)
The developer (Kalif) recalled that Trump wanted to use the Panama project as a “baby” for his daughter Ivanka, who had just joined the Trump Org, to gain experience in the property business
.
reuters.com/investigates/s…
To get the project off the ground Trump needed to pre-sell units to get the financing needed.
This was where Alexandre Nogueira came came on board.
The Brazilian had arrived in Panama in the mid-2000s from Spain, where he had worked as a car salesman.
reuters.com/investigates/s…
This was where Alexandre Nogueira came came on board.
The Brazilian had arrived in Panama in the mid-2000s from Spain, where he had worked as a car salesman.
reuters.com/investigates/s…
In Panama Alexandre V. Nogueira soon gained the reputation as an alleged fraudster in business with a money-launderer and two alleged criminals from the former Soviet Union.Birds of a feather!
reuters.com/investigates/s…
reuters.com/investigates/s…
📌Trump Tower Baku, Azerbaijan
“Why would someone put a luxury hotel there? Nobody who can afford to stay there would want to be in that neighborhood.”
“Why would someone put a luxury hotel there? Nobody who can afford to stay there would want to be in that neighborhood.”
📌Trump’s Worst Deal
📌The President helped build a hotel in Azerbaijan that appears to be a corrupt operation engineered by oligarchs tied to Iran’s Revolutionary Guard.
newyorker.com/magazine/2017/…
📌The President helped build a hotel in Azerbaijan that appears to be a corrupt operation engineered by oligarchs tied to Iran’s Revolutionary Guard.
newyorker.com/magazine/2017/…
📌The Azerbaijanis behind the project were close relatives of Ziya Mammadov, the Transportation Minister and one of the country’s wealthiest and most powerful oligarchs. According to the TICPI,
📌Azerbaijan is among the most corrupt nations in the world
newyorker.com/magazine/2017/…
📌Azerbaijan is among the most corrupt nations in the world
newyorker.com/magazine/2017/…
🏢Trump’s 40 Wall Street🏢
📌Dec 1995: 40 Wall Street Is Sold to Trump from Kinson Properties of Hong Kong.
📌Kinson paid $8 million for it in 1993.
H/T @lincolnsbible
nytimes.com/1995/12/07/bus…
📌Dec 1995: 40 Wall Street Is Sold to Trump from Kinson Properties of Hong Kong.
📌Kinson paid $8 million for it in 1993.
H/T @lincolnsbible
nytimes.com/1995/12/07/bus…
📌After Trump purchased 40 Wall St. he re-named it the Trump Building.
📌To this day, Trump maintains that he paid only $1 million for the property, but conflicting reports indicate that he actually paid $10 million for it.
cleaningservicenewyorkcity.com/clean-cut-hist…
📌To this day, Trump maintains that he paid only $1 million for the property, but conflicting reports indicate that he actually paid $10 million for it.
cleaningservicenewyorkcity.com/clean-cut-hist…
40 Wall Street, one of the properties bought in the early 80's by J. J. & R.E. Bernstein, found later to be acting on behalf of Ferdinand E. MARCOS, the late President of the Philippines & later placed in limbo when the Marcos assets were frozen in the US
nytimes.com/1993/06/20/rea…
nytimes.com/1993/06/20/rea…
💰Bear Sterns-TOC Panama💰
Trump enjoyed a two-decade relationship with Bear Stearns, otherwise Trump Ocean Club Panama likely would never have been built.
BS agreed to underwrite a $220 million bond issue for TOC Panama.
Quite the coincidence that acronym, no?
Trump enjoyed a two-decade relationship with Bear Stearns, otherwise Trump Ocean Club Panama likely would never have been built.
BS agreed to underwrite a $220 million bond issue for TOC Panama.
Quite the coincidence that acronym, no?
Bear Stearns & Trump had worked together on a variety of endeavors. For example, he and a Bear Stearns exec, Trump’s investment adviser, had launched Trump University, which later collapsed among accusations of fraud.
Trump paid $25M to settle a suit.
features.propublica.org/trump-inc-podc…
Trump paid $25M to settle a suit.
features.propublica.org/trump-inc-podc…
And as far back as 1988, Trump paid a $750,000 civil judgment to the DOJ for having Bear Stearns make purchases of casino stocks in the bank’s name rather than in his. (the DOJ asserted that the concealed purchases violated antitrust laws.)
features.propublica.org/trump-inc-podc…
features.propublica.org/trump-inc-podc…
