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Exclusive: New book reveals Trump’s business practices included when paid in gold bars



CNN

Former President Donald Trump The business activities include some eyebrow-raising moments, such as the one paid for in gold bars brought into his Trump Tower apartment, according to a report obtained by CNN from a upcoming book by New York Times reporter Maggie Haberman.

Haberman reveals new details about Trump’s business dealings in the world of New York City real estate and beyond, from a veiled threat to the owner of a magazine preparing a report on prices. His soaring net worth comes to acknowledging that his businesses sometimes have to interact with crowds, according to a report obtained by CNN.

Separately, Trump’s other ways of doing business are now being renewed and closely monitored following a review by the New York attorney general. comprehensive caseannounced Wednesday, against Trump, some of his children and his company alleging multiple points of fraudulent financial practices that the former President used to enrich himself.

In one standout, Haberman wrote that Trump would occasionally receive portions of his rent payments in cash, including when a tenant once sent Trump a box of dozens of gold bricks to cover his rent. side of a garage lease in the General Motors building in Manhattan, which Trump bought in 1998.

According to Haberman, Trump told aides he didn’t know what to do with the gold bars. In the end, he directed Matt Calamari, a one-time security guard turned executive director of the Trump Organization, to move the bars to his apartment in Trump Tower. It is not clear what happened to the yellow bricks. An attorney for Calamari declined to comment, and Haberman wrote that Trump called it “an imaginary question.”

Haberman’s book, “The Confident Man: Donald Trump’s Creation and America’s Disruption,” will be released on October 4. It includes a survey of Trump’s journey through New York business world as well as the presidency and aftermath of 2020. lost to Joe Biden. Haberman, a CNN political analyst, is a longtime New York-based reporter who has worked for both of the city’s tabloids and she covered the 2016 and 2020 campaigns of the city. Trump and Trump’s White House for the New York Times.

Haberman writes that Trump’s financial situation at his company is often more precarious than people realize, according to former officials.

At one point, Trump is said to have borrowed several million dollars from Trump Organization chief executive George Ross, according to Haberman. Ross admitted to the author that he lent Trump the money, but insisted it was for “a situation that was handled very quickly” and not for payroll costs.

In another episode, Haberman writes that Trump allegedly threatened to publicize rumors that Malcolm Forbes, the deceased owner of Forbes magazine, was gay, when the magazine was preparing to report that the price Trump’s net worth is much less than he has. public statement.

Haberman writes that officials at the Trump Organization operate in bunkers, and they are often unaware of what is happening elsewhere in the business.

When Trump’s hotel and casino company was rebuked by the Securities and Exchange Commission for false earnings claims, Haberman wrote that Trump was more involved than the company allowed.

Trump’s attorney at the time, Jay Goldberg, blamed company officials for misleading forecasts in 1999 and insisted Trump was not involved, Haberman wrote. News stories at the time of the SEC action three years later also saying that Trump had no role in the financial statements overstated the company’s earnings.

But Haberman reports that a former adviser to the company, Alan Marcus, said that Trump personally flagged a draft of the release in question and brightened existing forecasts.

Trump has denied that account, according to Haberman.

In an interview with Haberman, Trump admitted that his business dealings in New York City mean he will sometimes have to deal with crowds, though he has downplayed his awareness. about that.

“Well, whoever has built in New York City, whether you deal with them indirectly, or even without knowing they exist, they still exist,” Trump said. “Well, you’ve got your deal, you have contractors and you don’t know if they’re crowd-controlled or controlled or maybe unregulated, but I’ll tell you that getting bids can be tough sometimes. . You will get a bid, which will be a disappointing premium bid. And then there’s no one else to bid.”

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