Exclusive: New book reveals Trump’s business practices included once being paid with gold bars

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Haberman reveals new details about Trump’s business deals in and outside New York City’s real estate world, from a covert threat to a magazine owner who was preparing to report on his increased net worth , to acknowledge that their businesses sometimes had to interact with the crowd. According to the report obtained by CNN.

Separately, Trump’s other business practices are now under renewed and intense scrutiny in the wake of a wider lawsuit by the New York attorney general, on Wednesday about fraudulent claims used by the former president against Trump, some of his children and his company. Financial activities were alleged. enrich yourself.
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In one striking episode, Haberman writes that Trump sometimes receives portions of lease payments in cash, including once a lessee sent Trump a box of dozens of gold bricks, which were in the General Motors building. The parking garage was meant to cover the cash portion of the lease. in Manhattan, which Trump bought in 1998.

According to Haberman, Trump told aides he didn’t know what to do with the gold bars. He eventually directed Matt Calamari, a lifelong security guard who became chief operating officer at the Trump Organization, to run the bars up to his apartment in Trump Tower. It is not clear what happened to the gold bricks. A lawyer for Calamari declined to comment, and Haberman writes that Trump called it “a hypothetical question.”

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Haberman’s book, “Confidence Man: The Making of Donald Trump and the Breaking of America,” is being released on October 4. It includes an examination of Trump’s visit to the New York business world as well as his presidency and his post-2020 visit. Haberman, a CNN political analyst, is a longtime New York-based reporter who has worked for both city-based newspapers, and has covered Trump’s 2016 and 2020 campaigns and the Trump White House for the New York Times. Is.

According to former executives, Haberman writes that Trump’s financial situation at his company was often more precarious than others.

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According to Haberman, at one point, Trump was said to have borrowed several million dollars from Trump Organization executive George Ross. Ross acknowledged to the writer that he had borrowed Trump’s money, but insisted it was to “cover a situation that was settled too quickly” and not for payroll expenses.

In another episode, Haberman writes that Trump threatened to go public with rumors that Malcolm Forbes, the deceased owner of Forbes magazine, was gay when the magazine was preparing to report that Trump’s net worth was higher than his. was very less. publicly claiming.

Haberman writes that Trump Organization officials worked in silos, and they were often unaware of what was happening elsewhere in the business.

When Trump’s hotel and casino company was reprimanded by the Securities and Exchange Commission over a misleading earnings statement, Haberman writes that Trump was more involved than the company.

Trump’s attorney at the time, Jay Goldberg, blamed company executives for misleading estimates in 1999 and insisted that Trump was not involved, Haberman writes. News at the time of the SEC’s action three years later also said that Trump had no role in the financial statements that sped up the company’s earnings.

Analysis: Dual legal blows hammer Trump

But Haberman reports that a former company adviser, Alan Marcus, said Trump personally flagged a draft of the release and made current estimates rosy.

According to Haberman, Trump denied that account.

In an interview with Haberman, Trump acknowledged that his business dealings in New York City meant he would occasionally have to interact with the crowd, though he did mention how aware he was about it.

“Well, anybody that made up in New York City, whether you dealt with them indirectly, or didn’t even know they existed, they did exist,” Trump said. “Well, you settled, you had contractors and you don’t know if they were crowded or controlled or maybe not controlled, but I will tell you that sometimes it is very hard to get bids. You will get a bid, this one The high end would be a disappointing bid. And then there was no one to bid.”


Credit : www.cnn.com

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