June 11, 2016

A SUCKER IS SHORN EVERY MINUTE:

How Donald Trump Bankrupted His Atlantic City C[*****]s, but Still Earned Millions (RUSS BUETTNER and CHARLES V. BAGLI, JUNE 11, 2016, NY Times)

His audacious personality and opulent properties brought attention -- and countless players -- to Atlantic City as it sought to overtake Las Vegas as the country's gambling capital. But a close examination of regulatory reviews, court records and security filings by The New York Times leaves little doubt that Mr. Trump's c[*****] business was a protracted failure. [...]

But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the c[*****]s and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.

Posted by at June 11, 2016 6:52 PM

  

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