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Trump's Castle services fee to a Trump-owned company

What happened

  1. promisedocumented

    The public company presented its capital and operations as serving the casino enterprise and investors.

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  2. actiondocumented

    A casino subsidiary paid service fees to an entity owned by Trump.

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  3. outcomedocumented

    The annual filing disclosed Trump-controlled ownership and the related-party payment.

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  4. limitationdocumented

    The filing does not find that the services were fictitious or the fee unlawful.

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People and organizations

  • Trump Hotels & Casino Resorts public shareholdersaffected party
  • Trump-owned services entitybeneficiary
Assessment

Trump's Castle paid fees to a services entity Trump owned. Disclosure alone does not establish that the services or the price were improper.