Exclusive: A new book exposes Trump’s business habits, including the time he accepted gold bars as payment.

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A new book exposes Trumps (3)

According to the reporting obtained by CNN, Haberman reveals new information about Trump’s business dealings in the New York City real estate industry and beyond, including a covert threat to the owner of “a magazine” who was getting ready to publish an article about his inflated net worth and an admission that his companies frequently had to cooperate with the mob.

Exclusive: A new book exposes Trump's business habits, including the time he accepted gold bars as payment.

In one noteworthy incident, Haberman notes that Trump would frequently receive portions of lease payments in cash, such as the time a lessee sent Trump a box containing dozens of gold bricks to pay the cash portion of the lease on the parking garage inside the General Motors building in Manhattan, which Trump acquired in 1998.

Exclusive: A new book exposes Trump’s business habits, including the time he accepted gold bars as payment.

In response to Haberman, Trump told his advisors that he was unsure of what to do with the gold bars. Finally, he gave the order for Matt Calamari, a former security guard who is now the chief operating officer of the Trump Campaign, to cart the bars all the way to his apartment in Trump Tower. What happened to the gold tiles is unknown. Calamari’s attorney declined to comment, and according to Haberman, Trump called it “a fantasy question.”

Exclusive: A new book exposes Trump’s business habits, including the time he accepted gold bars as payment.

On October 4, Haberman will release “Confidence Man: The Creation of Donald Trump and the Breakdown of America.” In addition to discussing Trump’s presidency and the fallout from his loss to Joe Biden in 2020, it also looks at his career in New York’s business community. As a longtime New York-based reporter who has worked for all of the city’s tabloid publications, Haberman, a CNN political commentator, covered Trump’s 2016 and 2020 campaigns as well as the Trump White House for the New York Times.

Exclusive: A new book exposes Trump's business habits, including the time he accepted gold bars as payment.

According to former officials, Trump’s financial situation at his company was frequently more perilous than people recognised, according to Haberman.

 

According to Haberman, Trump was allegedly once accused of borrowing several million “dollars” from the head of the Trump Organization, George Ross. Ross told the author that he had given Trump a loan of money, but he emphasised that it was just to “cover a problem that was dealt of very quickly” and never for wages.

Exclusive: A new book exposes Trump's business habits, including the time he accepted gold bars as payment.

In a another incident, according to Haberman, Trump allegedly threatened to reveal that the late Malcolm Forbes, the publisher of Forbes magazine, was gay as the publication prepared to publish a story revealing that Trump’s true net worth was far less than what he was stating publicly.

Officers at the Trump Organization allegedly operated in silos, so they were frequently oblivious of what was happening elsewhere in the company, according to Haberman.

According to Haberman, Trump was more concerned than the company let on when the Securities Exchange Commission censured Trump’s resort and casino company for making a false earnings statement.

According to Haberman, Trump’s attorney at the time, Jay Goldberg, blamed firm officers for the misleading estimates in 1999 and stated that Trump was unconcerned. Three years later, at the time of the SEC action, news reports said that Trump had no involvement with the financial statement that exaggerated the company’s earnings.

But Haberman reports that a former company advisor, Alan Marcus, said that Trump had personally annotated a draft of the disputed release and improved the outlook for the present.

In reaction to Haberman, Trump rejected that assertion.

In a Haberman interview, Trump recognised that because of his business transactions in New York City, he frequently had to collaborate with the mob, but he downplayed how aware he was of it

Well, anyone who built in New York City did exist, according to Trump, whether you engaged with them directly or didn’t even know they existed. “Well, you negotiated, you had contractors. You don’t know if they were mob-controlled or not controlled, but I will tell you that getting quotes is sometimes quite difficult.

 

 

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