Trump Hotels & Casino Resorts 2002 Form 10-K

U.S. Securities and Exchange Commission2003-03-31

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Reporting cited here

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