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.
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.”
Photo: JUDIE BURSTEIN/ZUMA PRESS