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RE: LOI's do not constitutue doing business
Posted on: August 30, 2017 at 09:41:37 CT
Silas MU
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In a 2007 deposition that Trump gave as part of his unsuccessful defamation lawsuit against reporter Timothy O’Brien, he describes efforts to launch real estate ventures in Russia through Bayrock Associates, a shady Russian-connected outfit. Bayrock had partnered with Trump on at least four major but failed American projects: the Fort Lauderdale Trump Tower, the Trump Ocean Club in Fort Lauderdale, the SoHo condominium-hotel in New York, and a resort in Phoenix.
Bayrock had its office on the 24th floor of Trump Tower, and its 2007 glossy brochure featured a photo of Trump and Tevfik Arif, a principal Bayrock partner, who served for 17 years in the Soviet government before emigrating to the United States. It called the Trump Organization a “strategic partner,” and listed Trump as their primary reference.
Felix Sater, a Russian-born managing director at Bayrock, was convicted of assault in 1991. Then, in 1998, federal prosecutors convicted Sater of fraud, for running a $40 million penny stock fraud in collaboration with the New York and Russian Mafia. In return for a guilty plea, Sater reportedly agreed to work as a government informant.
Trump testified in his 2007 deposition that Bayrock was working their international contacts to complete Trump/Bayrock deals in Russia, Ukraine, and Poland. He testified that “Bayrock knew the investors” and that “this was going to be the Trump International Hotel and Tower in Moscow, Kiev, Istanbul, et cetera, and Warsaw, Poland.”
Trump said in the deposition that Bayrock’s Tevfik Arif “brought the people up from Moscow to meet with me,” and that he was teaming with Bayrock on other planned ventures in Moscow. The only Russians who likely had the resources and political connections to sponsor such ambitious international deals were the corrupt “oligarchs.” Although Trump claimed that negative publicity about him from O’Brien killed the deals, he still insisted that “we are actually going to be [in Russia] fairly soon.” When asked if he had “concerns about investing in Russia,” Trump answered “No.”
Bayrock had its office on the 24th floor of Trump Tower, and its 2007 glossy brochure featured a photo of Trump and Tevfik Arif, a principal Bayrock partner, who served for 17 years in the Soviet government before emigrating to the United States. It called the Trump Organization a “strategic partner,” and listed Trump as their primary reference.
Felix Sater, a Russian-born managing director at Bayrock, was convicted of assault in 1991. Then, in 1998, federal prosecutors convicted Sater of fraud, for running a $40 million penny stock fraud in collaboration with the New York and Russian Mafia. In return for a guilty plea, Sater reportedly agreed to work as a government informant.
Trump testified in his 2007 deposition that Bayrock was working their international contacts to complete Trump/Bayrock deals in Russia, Ukraine, and Poland. He testified that “Bayrock knew the investors” and that “this was going to be the Trump International Hotel and Tower in Moscow, Kiev, Istanbul, et cetera, and Warsaw, Poland.”
Trump said in the deposition that Bayrock’s Tevfik Arif “brought the people up from Moscow to meet with me,” and that he was teaming with Bayrock on other planned ventures in Moscow. The only Russians who likely had the resources and political connections to sponsor such ambitious international deals were the corrupt “oligarchs.” Although Trump claimed that negative publicity about him from O’Brien killed the deals, he still insisted that “we are actually going to be [in Russia] fairly soon.” When asked if he had “concerns about investing in Russia,” Trump answered “No.”
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RE: LOI's do not constitutue doing business - Silas MU - 8/30 09:41:37