Exclusive: New book reveals Trump’s trade practices including his payment for gold bars

Haberman reveals new details about Trump’s business dealings in the world of real estate in New York City and beyond, from a veiled threat to a magazine owner poised to report his bloated net worth to an admission that his business sometimes has to interact with the mob. According to a report obtained by CNN.

Separately, Trump’s other business practices are now under renewed and intense scrutiny in the wake of the New York attorney general’s decision. sweeping suitannounced Wednesday, against Trump and some of his sons and his company He claims dozens of fraudulent financial activities the former president used to enrich himself.

In one striking episode, Haberman wrote that Trump would occasionally receive portions of the rent payments in cash, including when a tenant once sent Trump a box of a dozen gold bricks to cover the cash portion of the lease in the parking garage of the General Motors Building. In Manhattan, Trump bought it in 1998.

Haberman said Trump told aides he didn’t know what to do with the gold bars. He eventually directed Matt Calamari, the one-time security guard who became the Trump Organization’s director of operations, to move the bars to his apartment in Trump Tower. It is not clear what happened to the golden bricks. Calamari’s attorney declined to comment, and Haberman wrote that Trump called it a “fantasy question.”

Haberman’s book, The Confidence Man: The Making of Donald Trump and the Shattering of America, was released on October 4. It includes an examination of Trump’s journey through the business world of New York as well as his presidency and the consequences of 2020. A loss for Joe Biden. Haberman, a political analyst at CNN, is a longtime New York-based reporter who has worked for both the city’s tabloids and has covered the 2016 and 2020 Trump campaigns and the Trump White House for the New York Times.

Haberman wrote that Trump’s financial situation at his company was often more dire than people realized, according to former officials.

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At one point, Trump was said to have borrowed several million dollars from the CEO of the Trump Organization, George Ross, according to Haberman. Ross admitted to the writer that he loaned Trump the money, but insisted that it was “to cover a situation that got dumped too quickly” and not for payroll expenses.

In another episode, Haberman wrote that Trump reportedly threatened to publicize rumors that Malcolm Forbes, the deceased owner of Forbes magazine, was gay, when the magazine was preparing to report that Trump’s net worth was much lower than it was. publicly claim.

Haberman wrote that officials in the Trump Organization worked in silos, often unaware of what was happening elsewhere in the business.

When the Trump Hotel and Casino was reprimanded by the Securities and Exchange Commission over a misleading earnings statement, Haberman wrote that Trump was more involved than the company allowed.

Haberman wrote that Trump’s attorney at the time, Jay Goldberg, blamed company officials for misleading expectations in 1999 and insisted that Trump not be involved. News stories at the time of the SEC action also said three years later that Trump had no role in the financial statement that overestimated the company’s earnings.

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But Haberman reported that the company’s former adviser, Alan Marcus, said Trump had personally flagged the draft version in question and made the current outlook more optimistic.

Trump denied that account, according to Haberman.

In an interview with Haberman, Trump acknowledged that his business dealings in New York City meant he would sometimes have to interact with mobs, although he played down how aware he was of them.

“Well, anybody who’s built in New York City, whether you deal with them indirectly, or you don’t even know they exist, they’ve been there,” Trump said. “Okay, I dealt, you had contractors and you don’t know if they were mob or censored or maybe not censored, but I will tell you that sometimes getting offers is really hard. You get one, it’s going to be a disappointingly high bid.” And then there was no one else to bid on.”

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