SOURCE??? More bullshit from CDL. Trump's six bankruptcies were filed years after the construction phases and only after years of Trump mismanagement (and bleeding the companies dry by paying himself huge management fees). Trump has BRAGGED about his business strategy to hit contractors with (false) claims of failing to complete the jobs or to have delivered shoddy work product. That is a part of Trump's ART OF THE DEAL.
.
http://www.reuters.com/article/world/uk/special-report-trumps-art-of-the-deal-dispute-your-bills-idUSKCN0T214P/
Special Report: Trump's art of the deal - Dispute your bills.
"The billionaire front-runner to be the Republican candidate in the U.S. presidential race says he sometimes refuses to pay bills from contractors he has hired and then forces them to negotiate the final figure down. ...
.
"The strategy has left some small business owners who have done jobs for him over three decades of real estate deals saying they have felt cheated and don't want to ever work for him again. In a number of cases they have also faced big legal bills from subsequent court action.' ...
.
[I like this example] "She described designing an advertisement in the 1990s for Trump on a billboard her company owned near LaGuardia Airport in New York. According to her account, he liked the work, but when the bill came, he only paid half. She eventually collected the other half when Trump asked for the ad to be displayed for longer than originally expected and sent in money he thought would go toward the extension. Artkraft Strauss instead took the ad down. After initially saying during Monday's interview he didn't remember her, Trump then said he hadn't wanted to pay the full amount because he was unhappy with the quality of the work. "I let them know that," he said."
[The work was so bad he wanted it to stay up longer, beyond the originally agreed upon amount!! What a FUCKING TRANSPARENT LIAR!]
.
"Trump fought on a grander scale with the individual contractors who built his Atlantic City Casino, the Trump Taj Mahal, in 1990. The hotel was finished just before a recession brought Trump to the edge of financial ruin. He would eventually take the Taj Mahal into bankruptcy [BUT NOT UNTIL BEING COMPLETED, OPENED AND OPERATING FOR OVER A YEAR. The filing was a result of the casino's massive debt—roughly $1 billion in high-interest junk bonds—which it could not sustain amid lower-than-expected revenues.]. But first he asked to pay the contractors 30 cents on the dollar, according to Charles Sperry, the president of Baring Industries, which had a multi-million dollar contract to provide kitchen equipment like stoves, walk-in freezers and countertops. "It's not that common to just come back and unilaterally start slicing off the big percentages of contracts and saying 'we'll settle out for this, you can take it or leave it,'" Sperry said. The contractors joined together and sent representatives of the group to negotiate with Trump, according to Sperry. He said they eventually received 90 percent of what they were owed. Sperry said it was just enough to cover expenses and pay workers, but not enough to realize a profit for Baring's work...."
.
http://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454
Donald Trump’s Business Plan Left a Trail of Unpaid Bills
Hardball tactics from the presumptive Republican nominee’s real-estate career had some suppliers claiming he shortchanged them. [IT'S A STANDARD PART OF TRUMP'S BIZ PLANS!]
.
AI: "RightForge Dispute: In 2022, right-leaning web hosting and infrastructure firm RightForge accused Truth Social of stiffing them out of $1.6 million in unpaid fees. RightForge claimed TMTG stopped making contractually obligated monthly payments in March 2022, just a month after the platform's initial launch
.
http://abcnews.com/Politics/trump-campaign-leaving-cities-hundreds-thousands-unpaid-bills/story?id=115415455
Trump campaign leaving some cities with hundreds of thousands in unpaid bills after rallies.
"Albuquerque officials say Trump now owes the city $444,986 over five years." [FIVE YEARS! And Albuquerque isn't the only such city.]
.
CDL: You claim to be a businessman. Would you EVER sign a contract and agree to provide goods or services to a Trump business without being paid in full UP FRONT? ... And even if you were paid up front, Trump would sue you to recover his sense of the overpayment!
Posted By: coeur-de-lion
Re: Trump stiffed his contractors legally, . . . .
by declaring Bankruptcy for some of his failing companies. There were not personal debts, they were debts of his corporation. Obama's debts, on the other hand, were debts of his non-profit organization, where Obama took advantage of black contractors who agreed to a lower wage and STILL got stiffed. When contractors give credit to a corporate entity, they are aware of the risks they are taking, bankruptcy being one of them, but it's particularly egregious when a non-profit, especially one controlled by an ex-president who loves to pay the race card, gets caught red-handed stiffing the black contractors who were stupid enough to trust him. It's apples and oranges, and Obama is the rotten apple in this scenario.
