Trump Hotels & Casino Resorts public offering: Audit finding

Reporting and findings

1. documented

   The offering raised public capital for Trump Hotels & Casino Resorts and built a vehicle for later related-party acquisitions. What investors got out of it turns on those later transactions.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-KBusiness, acquisitions, debt, compensation, and related-party sections
   • The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned MillionsPages 2-9: financing, related transactions, bankruptcies, and outcomes