Trump Hotels & Casino Resorts 2002 Form 10-K

This primary source from U.S. Securities and Exchange Commission supports 57 claims across 46 ledger entries.

Publisher: U.S. Securities and Exchange Commission
Published: 2003-03-31
Source quality: primary

All sources · Open original source

Claims supported by this source

factdocumented
The company reopened the property as Trump World's Fair as part of its Atlantic City growth strategy.
Related-party transactions, notes, fees, and Riviera sections
Trump World's Fair casino closure: Promised · Promised
analysisdocumented
The transaction documents public-company funds being advanced to the controlling insider; repayment and the end of the shareholder suit limit any claim of permanent loss.
Related-party transactions, notes, fees, and Riviera sections
Public casino company loan to Trump: Audit finding · Cited analysis
factdocumented
The company advanced a personal loan to Trump.
Related-party transactions, notes, fees, and Riviera sections
Public casino company loan to Trump: The record · The record
factdocumented
Trump was the controlling insider and borrower in the disclosed transaction.
Related-party transactions, notes, fees, and Riviera sections
Public casino company loan to Trump: The record · The record
factdocumented
Trump controlled and promoted the casino entity penalized by FinCEN.
Related-party transactions, notes, fees, and Riviera sections
Taj Mahal anti-money-laundering penalty: The record · The record
factdocumented
Employees, creditors, and shareholders bore the effects of the closure and asset write-off.
Related-party transactions, notes, fees, and Riviera sections
Trump World's Fair casino closure: Affected group · Affected group
analysisdocumented
The closure contradicted the property's redevelopment pitch and produced a write-off for the public casino company.
Related-party transactions, notes, fees, and Riviera sections
Trump World's Fair casino closure: Audit finding · Cited analysis
factdocumented
The public company closed the casino and later demolished the property.
Related-party transactions, notes, fees, and Riviera sections
Trump World's Fair casino closure: The record · The record
factdocumented
Trump chaired the public company that reopened, closed, and demolished the property.
Related-party transactions, notes, fees, and Riviera sections
Trump World's Fair casino closure: The record · The record
factdocumented
Repayment means the cited record does not establish a lasting principal loss to the company.
Related-party transactions, notes, fees, and Riviera sections
Public casino company loan to Trump: Evidentiary limit · Evidentiary limit
factdocumented
Trump repaid the loan and the related shareholder challenge was dropped.
Related-party transactions, notes, fees, and Riviera sections
Public casino company loan to Trump: Outcome · Outcome
analysisdocumented
The challenge documents investor concern over insider use of company funds, but repayment and dismissal mean the cited record contains no final liability judgment.
Related-party transactions, notes, fees, and Riviera sections
Shareholder challenge to insider loan: Audit finding · Cited analysis
factdocumented
There was no final adjudication that the loan caused shareholder loss or violated fiduciary duties.
Related-party transactions, notes, fees, and Riviera sections
Shareholder challenge to insider loan: Evidentiary limit · Evidentiary limit
factdocumented
The suit was dropped after Trump repaid the loan.
Related-party transactions, notes, fees, and Riviera sections
Shareholder challenge to insider loan: Outcome · Outcome
factdocumented
Shareholders brought a challenge concerning the company's personal loan to Trump.
Related-party transactions, notes, fees, and Riviera sections
Shareholder challenge to insider loan: The record · The record
factdocumented
Trump was the insider borrower whose loan was challenged.
Related-party transactions, notes, fees, and Riviera sections
Shareholder challenge to insider loan: The record · The record
factdocumented
Trump said he would focus on improving the casino company's performance.
Related-party transactions, notes, fees, and Riviera sections
Trump purchase of subordinate casino-company notes: Promised · Promised
analysisdocumented
The leadership promise preceded continuing losses and a later restructuring, but the source record does not isolate the effect of Trump becoming chief executive from industry and debt conditions.
Related-party transactions, notes, fees, and Riviera sections
Trump's return as casino-company chief executive: Audit finding · Cited analysis
factdocumented
Trump returned as chief executive and said he would focus on improving the public casino company's operations.
Related-party transactions, notes, fees, and Riviera sections
Trump's return as casino-company chief executive: Promised · Promised
factdocumented
Trump assumed the chief executive role while remaining chairman and controlling shareholder.
Related-party transactions, notes, fees, and Riviera sections
Trump's return as casino-company chief executive: The record · The record
factdocumented
Trump personally assumed the chief executive role and made the cited performance promise.
Related-party transactions, notes, fees, and Riviera sections
Trump's return as casino-company chief executive: The record · The record
analysisdocumented
The transaction transferred value from the public company to Trump in exchange for the notes; the filing does not itself establish unfair valuation.
Related-party transactions, notes, fees, and Riviera sections
Casino company purchase of notes from Trump: Audit finding · Cited analysis
factdocumented
The company acquired notes held by Trump and delivered disclosed consideration.
Related-party transactions, notes, fees, and Riviera sections
Casino company purchase of notes from Trump: The record · The record
factdocumented
Trump was the seller of the notes and controlled the public-company buyer.
Related-party transactions, notes, fees, and Riviera sections
Casino company purchase of notes from Trump: The record · The record
analysisdocumented
The transaction documents company funds flowing to an entity owned by the controlling insider; disclosure alone does not establish that the services or price were improper.
Related-party transactions, notes, fees, and Riviera sections
Castle services fee to a Trump-owned company: Audit finding · Cited analysis
factdocumented
A casino subsidiary paid service fees to an entity owned by Trump.
Related-party transactions, notes, fees, and Riviera sections
Castle services fee to a Trump-owned company: The record · The record
factdocumented
Trump owned the services entity and controlled the paying public company.
Related-party transactions, notes, fees, and Riviera sections
Castle services fee to a Trump-owned company: The record · The record
analysisdocumented
The insider financing supplied company capital while positioning Trump as a creditor; the record is mixed rather than evidence of a one-way transfer.
Related-party transactions, notes, fees, and Riviera sections
Trump purchase of subordinate casino-company notes: Audit finding · Cited analysis
factdocumented
Trump purchased subordinate notes issued by the casino company.
Related-party transactions, notes, fees, and Riviera sections
Trump purchase of subordinate casino-company notes: The record · The record
factdocumented
Trump personally purchased the disclosed company notes.
Related-party transactions, notes, fees, and Riviera sections
Trump purchase of subordinate casino-company notes: The record · The record
analysisdocumented
The filing documents overlapping company and personal interests in the same investment opportunity; it does not by itself establish a usurped corporate opportunity.
Related-party transactions, notes, fees, and Riviera sections
Riviera shares and option arrangement: Audit finding · Cited analysis
factdocumented
The company acquired Riviera shares while Trump obtained a disclosed personal option tied to the position.
Related-party transactions, notes, fees, and Riviera sections
Riviera shares and option arrangement: The record · The record
factdocumented
Trump controlled the company and held the personal option described in its filing.
Related-party transactions, notes, fees, and Riviera sections
Riviera shares and option arrangement: The record · The record
factdocumented
The company and Trump held overlapping economic interests in the Riviera investment.
Related-party transactions, notes, fees, and Riviera sections
Riviera shares and option arrangement: Outcome · Outcome
factdocumented
The transaction was disclosed, and the filing does not adjudicate that the consideration was excessive.
Related-party transactions, notes, fees, and Riviera sections
Casino company purchase of notes from Trump: Evidentiary limit · Evidentiary limit
factdocumented
Trump received cash or securities while the public company took ownership of the instruments.
Related-party transactions, notes, fees, and Riviera sections
Casino company purchase of notes from Trump: Outcome · Outcome
analysisdocumented
The arrangement routed public-company spending to an insider-controlled property; the cited filing does not determine whether the terms exceeded market value.
Related-party transactions, notes, fees, and Riviera sections
Casino-company office costs at Trump Tower: Audit finding · Cited analysis
factdocumented
The filing does not adjudicate that the office was unnecessary or the rent nonmarket.
Related-party transactions, notes, fees, and Riviera sections
Casino-company office costs at Trump Tower: Evidentiary limit · Evidentiary limit
factdocumented
A Trump-controlled property received revenue or cost reimbursement from the public company.
Related-party transactions, notes, fees, and Riviera sections
Casino-company office costs at Trump Tower: Outcome · Outcome
factdocumented
The company disclosed payments or allocations for office space at Trump Tower.
Related-party transactions, notes, fees, and Riviera sections
Casino-company office costs at Trump Tower: The record · The record
factdocumented
Trump controlled both the company paying for the space and the Trump Tower interest receiving the benefit.
Related-party transactions, notes, fees, and Riviera sections
Casino-company office costs at Trump Tower: The record · The record
analysisdocumented
The arrangement shifted a disclosed aircraft-related cost to the public company while also potentially supporting company travel; the allocation's fairness is not resolved by the cited sources.
Related-party transactions, notes, fees, and Riviera sections
Casino-company payment of Trump aircraft costs: Audit finding · Cited analysis
factdocumented
The plane was also used for company business, and the cited sources do not establish the proper allocation between business and personal use.
Related-party transactions, notes, fees, and Riviera sections
Casino-company payment of Trump aircraft costs: Evidentiary limit · Evidentiary limit
factdocumented
Trump's aircraft operation received the benefit of company-paid costs.
Related-party transactions, notes, fees, and Riviera sections
Casino-company payment of Trump aircraft costs: Outcome · Outcome
factdocumented
The company disclosed bearing certain pilot or aircraft-related costs connected to Trump's plane.
Related-party transactions, notes, fees, and Riviera sections
Casino-company payment of Trump aircraft costs: The record · The record
factdocumented
Trump owned the aircraft interests and controlled the public company bearing disclosed costs.
Related-party transactions, notes, fees, and Riviera sections
Casino-company payment of Trump aircraft costs: The record · The record
analysisdocumented
The payments document a public company purchasing services from a property controlled by its chairman; the record cited here does not establish that the events lacked a business purpose.
Related-party transactions, notes, fees, and Riviera sections
Casino-company spending at Mar-a-Lago: Audit finding · Cited analysis
factdocumented
The sources do not establish that the events were personal rather than business-related or that the prices were excessive.
Related-party transactions, notes, fees, and Riviera sections
Casino-company spending at Mar-a-Lago: Evidentiary limit · Evidentiary limit
factdocumented
A Trump-controlled property received company business or payment.
Related-party transactions, notes, fees, and Riviera sections
Casino-company spending at Mar-a-Lago: Outcome · Outcome
factdocumented
The company disclosed related-party spending associated with events at Mar-a-Lago.
Related-party transactions, notes, fees, and Riviera sections
Casino-company spending at Mar-a-Lago: The record · The record
factdocumented
Trump controlled both the public casino company and Mar-a-Lago.
Related-party transactions, notes, fees, and Riviera sections
Casino-company spending at Mar-a-Lago: The record · The record
factdocumented
The filing does not find that the services were fictitious or the fee unlawful.
Related-party transactions, notes, fees, and Riviera sections
Castle services fee to a Trump-owned company: Evidentiary limit · Evidentiary limit
factdocumented
The annual filing disclosed Trump-controlled ownership and the related-party payment.
Related-party transactions, notes, fees, and Riviera sections
Castle services fee to a Trump-owned company: Outcome · Outcome
factdocumented
The arrangements were disclosed, and the filing does not adjudicate a fiduciary-duty violation.
Related-party transactions, notes, fees, and Riviera sections
Riviera shares and option arrangement: Evidentiary limit · Evidentiary limit
factdocumented
The property represented one part of a larger casino group that continued operating.
Related-party transactions, notes, fees, and Riviera sections
Trump World's Fair casino closure: Evidentiary limit · Evidentiary limit
factdocumented
The filing does not establish that the purchase disadvantaged the company or guaranteed Trump repayment.
Related-party transactions, notes, fees, and Riviera sections
Trump purchase of subordinate casino-company notes: Evidentiary limit · Evidentiary limit
factdocumented
The company received insider financing and Trump obtained a creditor position subject to the disclosed priority.
Related-party transactions, notes, fees, and Riviera sections
Trump purchase of subordinate casino-company notes: Outcome · Outcome