Public company acquisition of Trump's Castle: Audit finding

Entities and roles

• America First Audit: Public company acquisition of Trump's Castleaudit case
• Donald J. Trumpcomparison subject

Claims and evidence

1. analysisdocumented

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

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-KBusiness, acquisitions, debt, compensation, and related-party sections
   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2004 Form 10-KRestructuring, bankruptcy plan, services agreement, and signatures
   • 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