Shell companies spend $890M on Trump condos during financial crisis

confirmed Importance 8/10 ~1 min read 7 sources 5 actors

From 2008-2012, shell companies spent $890 million buying 823 Trump condos in cash – 25% of units sold. Delaware LLCs bought an additional 75 Trump condos for $129 million. More than 87% were in Trump-licensed buildings, with sales surging during Trump’s financial troubles when he couldn’t make a $40 million loan payment and faced $2 billion in accumulated debt.

Sources & Citations

[1] Secret Money - How Trump Made Millions Selling Condos To Unknown Buyers · Jan 12, 2018 Tier 2

[2] Trump condo sales indicate possible money laundering, says report · Jan 12, 2018 Tier 2

[3] Trump Has Sold Millions in Real Estate to Secret Buyers · Jan 12, 2018 Tier 2

[4] Pandora Papers reveal new details on Trump defeat donor's money laundering past · Oct 3, 2021 Tier 2

[5] Narco-a-lago - Money Laundering at the Trump Ocean Club, Panama · Nov 17, 2017 Tier 1

[6] Trump sold $1.5 billion of condos to potential money launderers thanks to this gaping loophole · Jan 12, 2018 Tier 2

[7] Cracking the Shell - Trump and the Corrupting Potential of Furtive Russian Money · Mar 2, 2018 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Shell companies spend $890M on Trump condos during financial crisis.” The Capture Cascade Timeline, January 1, 2008. https://capturecascade.org/event/2008-01-01--shell-companies-spend-890m-trump-condos-crisis/