2005 Trump and Bayrock

Donald Trump partners with Bayrock Group LLC to build a hotel tower in Fort Lauderdale, Florida.  By this time, Felix Sater has become the managing director of Bayrock.  Sater is Soviet-born with a violent criminal history and association with the Mafia.  The project to build Trump International Hotel & Tower Fort Lauderdale fails in 2009, and investors sue Trump and his real estate partners to recoup hundreds of thousands of dollars in deposits.  According to Bayrock’s former chief financial officer, Jody Kriss, “At moments when Bayrock was running low on funds, large infusions of cash would come in from Russia or Kazakhstan from shadowy investors hoping to hide their money.”  

By | 2017-06-24T19:42:20+00:00 May 4th, 2017|

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