Tiny Red HandsOpen ledger

America First Audit

About this audit and its evidence

Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.

Reversal ledger

Oldest to latest by event date. Each stop is one dated case.

Plaza Hotel debt restructuring

partly-kept
Promised
Trump said corporate bankruptcy law had produced advantageous outcomes for his companies, himself, employees, and family.Open cited record · 1 source
The record
The Plaza Hotel filed for Chapter 11 protection under a lender-backed restructuring plan.Open cited record · 2 sources
Who gained
  • Plaza Hotel lenders
Who paid
Lenders gained control and Trump's ownership was reduced while the hotel continued operating.Open cited record
  • Plaza Hotel employees
Audit finding
partly kept

The restructuring contradicts an unqualified success narrative for the leveraged purchase, though the hotel continued operating and Trump retained an interest.

Causal strength: documented mechanism