Trump = Dishonest Dufus
December 01, 2008
– Comments (6)
This guy is an amazing fraud. Craters company after company, hosing shareholders and debtholders alike, and welches on his personal obligations too, crying "economy."
Last month, Trump filed suit against Deutsche Bank in New York State Supreme Court in Queens, seeking to excuse a repayment of more than $330 million due Nov. 7 and extend the construction loan for an unknown period of time because the global economic crisis was a "once-in-a-lifetime credit tsunami." Trump also seeks $3 billion in damages. On Wednesday, Deutsche moved to have that case dismissed.
This latest suit, filed by Deutsche, calls for Trump to make good on the personal payment guarantee he signed in February 2005 for the building if he didn't make the loan payments on time. The suit alleges that Trump did not pay the more than $330 million due Nov. 7, a date that already had been extended, and that on Nov. 10, Deutsche made written demands for the outstanding loan payment and the $40 million guarantee.
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