Donate

Fred Trump illegally transfers more than $3.5 million to Donald through casino chips

The Trump Timeline

Posted or updated on

Sources linked at end of page.

Statistics

1000 citizens have seen this story thanks to Trump File.
DONATE

Related Topics

Donald TrumpFred TrumpIllegal Activity

Fred Trump has attorney Howard Snyder buy $3.5 million worth of gaming chips at Trump Castle and walk out the door with the chips, infusing the casino with much-needed cash. Snyder is accompanied out the door with a police escort.

The next day, he wires another $150,000 to Trump Castle. 

The payment gave the younger Trump enough cash to make an $18.4 million payment due bondholders in the casino and surprised analysts who said it appeared Trump lacked enough money to make the payment, officials said.

Associated Press

Spokespeople for The Trump Organization and Trump Castle decline to comment and refuse to take calls altogether.

Fred Trump is not legally allowed to lend money to casinos. The family fixes that issue in June 1991, allowing the scheme to be carried out legally in the future.

External Sources

AP News (Archived)

Press of Atlantic City (Archived)

Mother Jones (Archived)

Photo: AP Photo / Adam Scull

Get More Trump Secrets in Your Inbox

Support The Site

Donald Trump was not the first criminal elected to public office, and he won’t be the last. It’s up to US to hold them accountable.

TrumpFile.org is a free resource tracking long-term immorality, lawbreaking, and corruption by Donald Trump and allies in and out of Congress. Your contribution today helps us keep the website free to the public AND hire new researchers to continue this important work.

Click below to be redirected to ActBlue.

Statistics

1000 concerned citizens have seen this story thanks to Trump File.

Related Topics

Donald TrumpFred TrumpIllegal Activity

Also On Trump File

Get Trump Crime Cult Secrets in Your Inbox

About Us

TrumpFile.org is a free resource tracking long-term immorality, lawbreaking, and corruption by Donald Trump and his friends throughout the years. Our objective is to create a timeline of events so thorough that corruption and mafia influence cannot be denied.

The transnational crime syndicate operating within the United States did not begin with Donald Trump and won’t end with him, either. Be informed now before it’s too late.

We do our absolute best to limit cookies and data tracking on our website. For a clear picture of the information we collect, please see our privacy policy here: PRIVACY.

Special Thanks

Trump File would not be possible without the hard work of journalists, photographers, and other citizens dedicating their time and energy to documenting the events that brought us here. We are especially grateful to The Moscow Project for their in-depth timeline of Trump/Russia events and to Sarah Kendzior for her book Hiding In Plain Sight. 

If you'd like to purchase the book that inspired this website, you can find it here. If you operate a website or organization doing similar work to Trump File and would like to partner with us, contact us here.

© Copyright 2023 - TrumpFile.org