Trump purchase of subordinate casino-company notes

2002-01-01

partly-kept

Promised: 2000-04-01Trump said he would focus on improving the casino company's performance.Open cited record · 2 sources
The record: 2002-01-01Trump purchased subordinate notes issued by the casino company.Open cited record · 1 source2003-03-31The company received insider financing and Trump obtained a creditor position subject to the disclosed priority.Open cited record · 1 source
Who gained: Trump Hotels & Casino Resorts
Who paid: Donald Trump
Audit finding: partly kept
The insider financing supplied company capital while positioning Trump as a creditor; the record is mixed rather than evidence of a one-way transfer.
Causal strength: documented mechanism

Evidence chronology

promise2000-04-01documented
Trump said he would focus on improving the casino company's performance.
- 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
action2002-01-01documented
Trump purchased subordinate notes issued by the casino 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
Open underlying ledger entry
outcome2003-03-31documented
The company received insider financing and Trump obtained a creditor position subject to the disclosed priority.
- 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 filing does not establish that the purchase disadvantaged the company or guaranteed Trump repayment.
- 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

limitation
The filing does not establish that the purchase disadvantaged the company or guaranteed Trump repayment.