Ever since Donald Trump announced he was running for president, reports began circulating in the press about all the various failures of his businesses.
These include the bankruptcy of his Atlantic City, New Jersey, casinos, the defunct Trump University here in San Diego where students successfully sued him, and, particularly, the troubles of his Trump Towers.
For instance, in the saga of the Trump Tower in Tampa, Florida, Trump sold the use of his name to developers of the $300 million condo project for $2 million. According to Rolling Stone, the developers collected down payments from investors but after the project went south in 2008, the snookered buyers sued Trump for misleading them. Trump did settle the suit, but plaintiffs lost hundreds of thousands of dollars. [Read more…]