Casino-company payment of Trump aircraft costs

2003-03-31

Casino-company payment of Trump aircraft costs

unresolved

Promised: 1995-06-01The public company represented that company funds would support its casino operations.Open cited record · 1 source
The record: 2003-03-31The company disclosed bearing certain pilot or aircraft-related costs connected to Trump's plane.Open cited record · 2 sources2003-03-31Trump's aircraft operation received the benefit of company-paid costs.Open cited record · 2 sources
Who gained: Donald Trump aircraft interests
Who paid: Trump Hotels & Casino Resorts public shareholders
Audit finding: unresolved
The arrangement shifted a disclosed aircraft-related cost to the public company while also potentially supporting company travel; the allocation's fairness is not resolved by the cited sources.
Causal strength: source attributed

Evidence chronology

promise1995-06-01documented
The public company represented that company funds would support 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
action2003-03-31documented
The company disclosed bearing certain pilot or aircraft-related costs connected to Trump's plane.
- 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
outcome2003-03-31documented
Trump's aircraft operation received the benefit of company-paid costs.
- 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
limitation2003-03-31documented
The plane was also used for company business, and the cited sources do not establish the proper allocation between business and personal use.
- 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

Responses, legal status, contrary evidence, and limitations

limitation
The plane was also used for company business, and the cited sources do not establish the proper allocation between business and personal use.