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.

Public company acquisition of Trump's Castle

unresolved
Promised
The public company promised investors exposure to a growing group of Trump-branded casino assets.Open cited record · 1 source
The record
The company acquired Trump's Castle from Trump-controlled interests.Open cited record · 3 sourcesPublic shareholders assumed the property's operating and financing exposure while Trump-controlled sellers received the agreed consideration.Open cited record · 2 sources
Who gained
  • Trump-controlled Castle interests
Who paid
  • Trump Hotels & Casino Resorts public shareholders
Audit finding
unresolved

The related-party acquisition moved another privately controlled Trump property into the public company, transferring both business opportunity and risk to shareholders.

Causal strength: documented mechanism