Fred Trump gets permission to funnel money to Donald through his casinos

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Dates on Trump File reflect when something happens, not when it’s first reported.

New Jersey’s Casino Control Commission decides that Fred Trump meets the legal requirements necessary to lend money to Donald Trump’s casinos.

The decision comes six months after Fred Trump illegally transferred over $3 million to Trump Castle to help Donald pay back bondholders he owed.

In a unanimous decision, the state Casino Control Commission ruled that the 85-year-old Fred Trump meets all the licensing requirements that are imposed on people or firms that lend money to casinos. The decision means that Donald Trump can now legally borrow money from his father to help resolve financial problems at his casinos.

Deputy Attorney General Thomas Auriemma said that an investigation by the state Division of Gaming Enforcement uncovered nothing that should prevent the elder Trump from getting licensed.

The Press of Atlantic City

The commission was probably looking for any way to keep Trump casinos afloat. That same year, the commission noted that “Mr. Trump cannot be considered financially stable.”

External Sources

https://pressofatlanticcity.com/news/how-donald-trumps-father-once-bailed-out-his-casino/article_934cb836-2c1d-11e6-8a13-173759856fe0.html

https://themoscowproject.org/collusion-chapter/chapter-1/

Photo: JUDIE BURSTEIN/ZUMA PRESS

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Some Trump File posts are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. If a post does not have source links, it is an early draft and will be updated soon. I plan to go back and build on every post in the future.

If If there is content you’d like to add context to or something that should be corrected, please contact TF by clicking here or email us at trumpfile@protonmail.com. You can also find us on Twitter.

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Dates on Trump File reflect when something happens, not when it’s first reported.

New Jersey’s Casino Control Commission decides that Fred Trump meets the legal requirements necessary to lend money to Donald Trump’s casinos.

The decision comes six months after Fred Trump illegally transferred over $3 million to Trump Castle to help Donald pay back bondholders he owed.

In a unanimous decision, the state Casino Control Commission ruled that the 85-year-old Fred Trump meets all the licensing requirements that are imposed on people or firms that lend money to casinos. The decision means that Donald Trump can now legally borrow money from his father to help resolve financial problems at his casinos.

Deputy Attorney General Thomas Auriemma said that an investigation by the state Division of Gaming Enforcement uncovered nothing that should prevent the elder Trump from getting licensed.

The Press of Atlantic City

The commission was probably looking for any way to keep Trump casinos afloat. That same year, the commission noted that “Mr. Trump cannot be considered financially stable.”

External Sources

https://pressofatlanticcity.com/news/how-donald-trumps-father-once-bailed-out-his-casino/article_934cb836-2c1d-11e6-8a13-173759856fe0.html

https://themoscowproject.org/collusion-chapter/chapter-1/

Photo: JUDIE BURSTEIN/ZUMA PRESS

NOTE FROM TF

Some files are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. I plan to go back and build on every file in the future.

If there is content you’d like to add context to or something that should be corrected, please contact us by clicking here or email us at trumpfile@protonmail.com

Support The Site:

Donate Today

Donate Monthly

Keep Reading

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