Investigation Report: Donald J. Trump

New Jersey Division of Gaming Enforcement1992-04-15

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Reporting cited here

documented
A government audit attributed reduced public rent receipts to an accounting change. The hotel partnership disputed parts of the city's analysis.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Grand Hyatt accounting-method change: Audit finding · Cited analysis
documented
Trump's partnership operated the hotel and was responsible for the challenged accounting.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Grand Hyatt accounting-method change: The record · The record
documented
City auditors concluded that the change lowered the rent due to New York City.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Grand Hyatt accounting-method change: Who paid · Who paid
documented
The audit contradicts an account of unqualified administrative performance. The partnership contested the findings, and the audit is not treated here as a criminal adjudication.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Grand Hyatt city audit and back-rent dispute: Audit finding · Cited analysis
documented
The hotel partnership disputed the audit conclusions, and the record cited here is not a final fraud judgment.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Grand Hyatt city audit and back-rent dispute: Evidentiary limit · Evidentiary limit
documented
City auditors reviewed the hotel's rent calculations and reported missing records and accounting issues.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Grand Hyatt city audit and back-rent dispute: The record · The record
documented
Trump's partnership operated the hotel subject to the audited rent agreement.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Grand Hyatt city audit and back-rent dispute: The record · The record
documented
Fred Trump purchased casino chips and did not gamble them, supplying cash to Trump's Castle.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump's Castle family chip transaction: The record · The record
documented
The transaction benefited Trump's controlled casino and came from his father.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump's Castle family chip transaction: The record · The record
documented
A regulatory settlement documents a family transaction used to prop up the casino outside ordinary disclosed financing channels.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump's Castle family chip transaction: Audit finding · Cited analysis
documented
New Jersey regulators classified the transaction as an improper loan and approved a civil penalty.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump's Castle family chip transaction: Outcome · Outcome
documented
The regulatory action documents discriminatory treatment at a Trump-controlled casino; the finding concerned casino management conduct rather than a personal instruction from Trump.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump Plaza patron-discrimination penalty: Audit finding · Cited analysis
documented
The casino commission found that Trump Plaza managers accommodated a patron's discriminatory request concerning dealers.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump Plaza patron-discrimination penalty: The record · The record
documented
Trump owned and controlled Trump Plaza when its managers committed the cited conduct.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump Plaza patron-discrimination penalty: The record · The record
documented
Operations continued, but creditors absorbed the revised terms. That qualifies the claimed benefits of corporate bankruptcy.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump Plaza casino debt restructuring: Audit finding · Cited analysis
documented
Trump Plaza Hotel and Casino filed for Chapter 11 protection under negotiated terms.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump Plaza casino debt restructuring: The record · The record
documented
Trump owned and controlled the Plaza casino debtor.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump Plaza casino debt restructuring: The record · The record
documented
The filing contradicts an unqualified business-success account. The corporate restructuring preserved casino operations, and it was not Trump's personal bankruptcy.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump's Castle debt restructuring: Audit finding · Cited analysis
documented
Trump's Castle filed for Chapter 11 protection as part of a creditor restructuring.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump's Castle debt restructuring: The record · The record
documented
Trump owned and controlled Trump's Castle at the time of the filing.
Financial stability, casino transactions, Hyatt audit, and licensing sections
Trump's Castle debt restructuring: The record · The record