Trump bought the Doral with $104.8 million he borrowed from ... infamous for laundering money for Russian oligarchs. ...When Trump took office, the Doral was under a foreclosure order. Trump, as he often does, refused to pay contractors in full. ...Most contractors just walk away when Trump refuses to pay... because Trump will spend far more to litigate than the amount in dispute to discourage contractors and small business owners he cheats from suing for what they are due.
Investigative journalist and author
(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).
From: Wikiquote (CC BY-SA 4.0)
Birth Name:
David Cay Boyle Johnston
Alternative Names:
DC Report
From Wikidata (CC0)
During the Constitutional Convention... [d]ictionaries from the era... show that emolument had a broad meaning, including profit, gain, benefit, and advantage. John Mikhail... found that "the majority of Blackstone's usages of 'emolumnent' involve benefits other than government salaries and or perquisites," including profits from business and rents from land.
Trump is the first president to pose numerous questions about whether he is receiving income from foreign governments, which the Framers felt was inherently corrupting. He is also the first to present the issue of profiting from spending by federal, state, and local governments with payments that the Framers denied... How these cases are resolved will likely have an enormous influence on whether the American Republic endures...
The domestic emoluments clause... states that beyond his government salary the president may not receive "any other Emolument from the United States, or any of them." Those... words bar payment from the federal government or any of the fifty states... Trump has been profiting from spending at his properties by foreign governments... Also Trump has been profiting from federal, state, and local governments spending money at his properties as part of presidential security details. When Trump stays at [his properties]... these governments... pay full retail prices.
He has boasted about not paying banks that loaned him billions of dollars. He conned thousands of people desperate to learn... paying up to $35,000 to attend . ...[T]hese professors turned out to be fast-food managers and others with no experience in real estate, the focus of the "university." Because of... law suits Trump paid back $25 million... so the scam would not follow him into the White House.