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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Tower's key tenants have fallen behind on rent and moved out. But Trump has one customer ...
Hes running a con, said Paul S. Ryan, a campaign-finance expert at the watchdog group Common Cause. Talking about political expenses but, in reality, raising money for self-enrichment.
Link to tweet
Politics
Trump Towers key tenants have fallen behind on rent and moved out. But Trump has one reliable customer: His own PAC.
By Shayna Jacobs, David A. Fahrenthold, Jonathan O'Connell and Josh Dawsey
Today at 7:00 a.m. EDT
NEW YORK Inside Trump Tower, swank suit-maker Marcraft Clothes once rented the entire 18th floor, outfitting its offices with fireplaces, mahogany-lined closets and two bars for schmoozing customers.
But then Marcraft fell $664,000 behind on rent and went out of business last year its assets having dwindled to $40.75 in a checking account and 1,200 damaged coats, according to court filings.
One floor up, a business school once led by Kardashian family matriarch Kris Jenner was consumed by lawsuits, falling $198,000 behind on payments to Trump Tower by October 2020, according to court papers. And on the 21st and 22nd floors, the company that made Ivanka Trump shoes racked up $1.5 million in unpaid rent, according to a lawsuit that the Trump Organization filed this year.
But through all that as Trump Tower has dealt with imploding tenants, political backlash and a broader, pandemic-related slump in Manhattan office leasing since last year it has been able to count on one reliable, high-paying tenant: former president Donald Trumps own political operation.
Starting in March, one of his committees, Make America Great Again PAC, paid $37,541.67 per month to rent office space on the 15th floor of Trump Tower a space previously rented by his campaign according to campaign-finance filings and a person familiar with the political action committee.
{snip}
Fahrenthold, OConnell and Dawsey reported from Washington. Isaac Stanley-Becker and Alice Crites contributed to this report.
Trump Towers key tenants have fallen behind on rent and moved out. But Trump has one reliable customer: His own PAC.
By Shayna Jacobs, David A. Fahrenthold, Jonathan O'Connell and Josh Dawsey
Today at 7:00 a.m. EDT
NEW YORK Inside Trump Tower, swank suit-maker Marcraft Clothes once rented the entire 18th floor, outfitting its offices with fireplaces, mahogany-lined closets and two bars for schmoozing customers.
But then Marcraft fell $664,000 behind on rent and went out of business last year its assets having dwindled to $40.75 in a checking account and 1,200 damaged coats, according to court filings.
One floor up, a business school once led by Kardashian family matriarch Kris Jenner was consumed by lawsuits, falling $198,000 behind on payments to Trump Tower by October 2020, according to court papers. And on the 21st and 22nd floors, the company that made Ivanka Trump shoes racked up $1.5 million in unpaid rent, according to a lawsuit that the Trump Organization filed this year.
But through all that as Trump Tower has dealt with imploding tenants, political backlash and a broader, pandemic-related slump in Manhattan office leasing since last year it has been able to count on one reliable, high-paying tenant: former president Donald Trumps own political operation.
Starting in March, one of his committees, Make America Great Again PAC, paid $37,541.67 per month to rent office space on the 15th floor of Trump Tower a space previously rented by his campaign according to campaign-finance filings and a person familiar with the political action committee.
{snip}
Fahrenthold, OConnell and Dawsey reported from Washington. Isaac Stanley-Becker and Alice Crites contributed to this report.
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Trump Tower's key tenants have fallen behind on rent and moved out. But Trump has one customer ... (Original Post)
mahatmakanejeeves
Sep 2021
OP
sarcasmo
(23,968 posts)1. Keith Olbermann was smart and sold/fled at the right time.
Comfortably_Numb
(3,777 posts)2. And the grift goes on. At least it's not taxpayers this time.
Its the coalition of the rubes and suckers, or sucker rubes.
grumpyduck
(6,199 posts)3. Laundering money, are we?
lagomorph777
(30,613 posts)5. Bingo. Trump real estate is a coin-operated laundromat.
ProfessorGAC
(64,425 posts)8. I'm Saying No
Debt service is very high.
Organizational revenues are down.
My bet is all(!!!) of the grifted cash is being used to avoid late payment fees.
Champp
(2,114 posts)4. Republican greed and grift is a marvel to behold
They are a morally and ethically bankrupt party.
Carlitos Brigante
(26,483 posts)6. Good thing for him that we don't have penalties for that. nt
LetMyPeopleVote
(144,005 posts)7. TFG is scamming his donors