Public casino company loan to Trump

1998-01-01

Public casino company loan to Trump

unresolved

Promised: 1995-06-01The public company raised capital for casino operations and investor returns.Open cited record · 1 source
The record: 1998-01-01The company advanced a personal loan to Trump.Open cited record · 2 sources2000-01-01Trump repaid the loan and the related shareholder challenge was dropped.Open cited record · 2 sources
Who gained: Donald Trump
Who paid: Trump Hotels & Casino Resorts public shareholders
Audit finding: unresolved
The transaction documents public-company funds being advanced to the controlling insider; repayment and the end of the shareholder suit limit any claim of permanent loss.
Causal strength: documented mechanism

Evidence chronology

promise1995-06-01documented
The public company raised capital for casino operations and investor returns.
- 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
action1998-01-01documented
The company advanced a personal loan to Trump.
- 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 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
Open underlying ledger entry
outcome2000-01-01documented
Trump repaid the loan and the related shareholder challenge was dropped.
- 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 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
Open underlying ledger entry
limitation2000-01-01documented
Repayment means the cited record does not establish a lasting principal loss to the company.
- 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 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
Open underlying ledger entry

Responses, legal status, contrary evidence, and limitations

limitation
Repayment means the cited record does not establish a lasting principal loss to the company.