Casino company purchase of notes from Trump

2002-01-01

unresolved

Promised: 1995-06-01The public company raised investor capital for its casino operations.Open cited record · 1 source
The record: 2002-01-01The company acquired notes held by Trump and delivered disclosed consideration.Open cited record · 1 source2003-03-31Trump received cash or securities while the public company took ownership of the instruments.Open cited record · 1 source
Who gained: Donald Trump
Who paid: Trump Hotels & Casino Resorts public shareholders
Audit finding: unresolved
The transaction transferred value from the public company to Trump in exchange for the notes; the filing does not itself establish unfair valuation.
Causal strength: documented mechanism

Evidence chronology

promise1995-06-01documented
The public company raised investor capital for its casino operations.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
Open underlying ledger entry
action2002-01-01documented
The company acquired notes held by Trump and delivered disclosed consideration.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
Open underlying ledger entry
outcome2003-03-31documented
Trump received cash or securities while the public company took ownership of the instruments.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
Open underlying ledger entry
limitation2003-03-31documented
The transaction was disclosed, and the filing does not adjudicate that the consideration was excessive.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
- The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Related-party note purchase discussion
Open underlying ledger entry

limitation
The transaction was disclosed, and the filing does not adjudicate that the consideration was excessive.