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.

The Trump-Branded Puerto Rico Golf Bankruptcy

unresolved
Promised
Trump presented his business record as a qualification for the presidency during his campaign launch.Open cited record · 1 source
The record
Coco Beach Golf & Country Club filed a Chapter 11 petition while operating under the Trump brand through a licensing arrangement.Open cited record · 2 sourcesContemporaneous reporting described the petition's reported asset and liability ranges and noted that Trump did not own the resort.Open cited record · 1 source
Who gained
  • Trump branding and licensing business
Who paid
  • Coco Beach Golf & Country Club S.E.
Audit finding
unresolved

The bankruptcy is a documented failure of a Trump-branded licensee, but the cited evidence does not make Trump or the Trump Organization the debtor or transfer the debtor's liabilities to them.

Causal strength: documented mechanism