Wednesday, May 11, 2016 1:59:17 AM
Donald Trump Settled a Real Estate Lawsuit, and a Criminal Case Was Closed
"Why Donald Trump Might Be the Most Dangerous Presidential Candidate in History"
.. posted only because i don't recall reading of Trump's mate Felix H. Sater before,
his smiling mate who Trump says he wouldn't recognize if he saw Sater again
By MIKE McINTIREAPRIL 5, 2016
The Trump SoHo building, a 46-story luxury condominium-hotel in Lower Manhattan. Credit Todd Heisler/The New York Times
For Donald J. Trump, it is a long-held legal strategy, if not a point of pride, to avoid knuckling under to plaintiffs in court.
“I don’t settle lawsuits [OOPS! then a synapse shock screamed] — very rare — because once you settle lawsuits, everybody sues you,” he said recently.
But Mr. Trump made an exception when buyers of units in Trump SoHo, a 46-story luxury condominium-hotel in Lower Manhattan, asserted that they had been defrauded by inflated claims made by Mr. Trump, his children and others of brisk sales in the struggling project. He and his co-defendants settled the case in November 2011, agreeing to refund 90 percent of $3.16 million in deposits, while admitting no wrongdoing.
[...]
Mr. Trump with Tevfik Arif, center, and Felix H. Sater at the official unveiling of Trump SoHo
in September 2007, when it was still under construction. Credit Mark Von Holden/WireImage
Jumping In With New Partners
[...]
Mr. Sater, a Russian immigrant, had recently joined Bayrock at the behest of its founder, Tevfik Arif, a former Soviet-era commerce official originally from Kazakhstan. Bayrock, which was developing commercial properties in Brooklyn, proposed that Mr. Trump license his name to hotel projects in Florida, Arizona and New York, including Trump SoHo.
The other development partner for Trump SoHo was the Sapir Organization, whose founder, Tamir Sapir, was from the former Soviet republic of Georgia. In addition to receiving a licensing agreement, Mr. Trump would manage the completed condo-hotel, and he was also given a minor equity interest in it.
[...]
Mr. Sater was convicted and sent to prison in 1993 after a New York bar fight in which he stabbed a man in the face with a broken margarita glass. That was a matter of public record. However, what few people beyond insiders at Bayrock knew was that five years later, Mr. Sater was implicated in a huge stock manipulation scheme involving Mafia figures and Russian criminals — and that he became a confidential F.B.I. informant.
[...]
Mr. Lauria brokered a $50 million investment in Trump SoHo and three other Bayrock projects by an Icelandic firm preferred by wealthy Russians “in favor with” President Vladimir V. Putin, according to a lawsuit against Bayrock by one of its former executives. The Icelandic company, FL Group, was identified in a Bayrock investor presentation as a “strategic partner,” along with Alexander Mashkevich, a billionaire once charged in a corruption case involving fees paid by a Belgian company seeking business in Kazakhstan; that case was settled with no admission of guilt.
[...]
Mr. Sater left Bayrock after the news of his criminal background was reported. But even after that, his association with Mr. Trump did not end. The Trump Organization later gave him a business card identifying him as a “senior advisor” to Mr. Trump, as well an office. Mr. Garten, the general counsel for the organization, said that Mr. Sater was never an employee, but that he had worked independently to steer potential deals to Mr. Trump. The arrangement lasted about six months, Mr. Garten said. Mr. Sater declined to comment on his dealings with Mr. Trump or with Bayrock.
By the time Mr. Trump sat for a deposition in a lawsuit in November 2013, it was clear he no longer saw the benefit of knowing the Bayrock executives with whom he had once completed big deals. He said he barely knew Mr. Arif: “I mean, I’ve seen him a couple of times; I have met him.”
As for Mr. Sater, “if he were sitting in the room right now,” Mr. Trump said, “I really wouldn’t know what he looked like.”
http://www.nytimes.com/2016/04/06/us/politics/donald-trump-soho-settlement.html?_r=0
See also:
ofspring -- Trump's used in Shabab's/al-Shabaab's latest recruiting video
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119559050
Difference? Obama is weak/sissy. Trump is a real man of strong character and doesn't fear the world in which Obama does.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122536372
The last just one example of DrHarleyboy's outsight (stupidity).
"Why Donald Trump Might Be the Most Dangerous Presidential Candidate in History"
.. posted only because i don't recall reading of Trump's mate Felix H. Sater before,
his smiling mate who Trump says he wouldn't recognize if he saw Sater again
By MIKE McINTIREAPRIL 5, 2016
The Trump SoHo building, a 46-story luxury condominium-hotel in Lower Manhattan. Credit Todd Heisler/The New York Times
For Donald J. Trump, it is a long-held legal strategy, if not a point of pride, to avoid knuckling under to plaintiffs in court.
“I don’t settle lawsuits [OOPS! then a synapse shock screamed] — very rare — because once you settle lawsuits, everybody sues you,” he said recently.
But Mr. Trump made an exception when buyers of units in Trump SoHo, a 46-story luxury condominium-hotel in Lower Manhattan, asserted that they had been defrauded by inflated claims made by Mr. Trump, his children and others of brisk sales in the struggling project. He and his co-defendants settled the case in November 2011, agreeing to refund 90 percent of $3.16 million in deposits, while admitting no wrongdoing.
[...]
Mr. Trump with Tevfik Arif, center, and Felix H. Sater at the official unveiling of Trump SoHo
in September 2007, when it was still under construction. Credit Mark Von Holden/WireImage
Jumping In With New Partners
[...]
Mr. Sater, a Russian immigrant, had recently joined Bayrock at the behest of its founder, Tevfik Arif, a former Soviet-era commerce official originally from Kazakhstan. Bayrock, which was developing commercial properties in Brooklyn, proposed that Mr. Trump license his name to hotel projects in Florida, Arizona and New York, including Trump SoHo.
The other development partner for Trump SoHo was the Sapir Organization, whose founder, Tamir Sapir, was from the former Soviet republic of Georgia. In addition to receiving a licensing agreement, Mr. Trump would manage the completed condo-hotel, and he was also given a minor equity interest in it.
[...]
Mr. Sater was convicted and sent to prison in 1993 after a New York bar fight in which he stabbed a man in the face with a broken margarita glass. That was a matter of public record. However, what few people beyond insiders at Bayrock knew was that five years later, Mr. Sater was implicated in a huge stock manipulation scheme involving Mafia figures and Russian criminals — and that he became a confidential F.B.I. informant.
[...]
Mr. Lauria brokered a $50 million investment in Trump SoHo and three other Bayrock projects by an Icelandic firm preferred by wealthy Russians “in favor with” President Vladimir V. Putin, according to a lawsuit against Bayrock by one of its former executives. The Icelandic company, FL Group, was identified in a Bayrock investor presentation as a “strategic partner,” along with Alexander Mashkevich, a billionaire once charged in a corruption case involving fees paid by a Belgian company seeking business in Kazakhstan; that case was settled with no admission of guilt.
[...]
Mr. Sater left Bayrock after the news of his criminal background was reported. But even after that, his association with Mr. Trump did not end. The Trump Organization later gave him a business card identifying him as a “senior advisor” to Mr. Trump, as well an office. Mr. Garten, the general counsel for the organization, said that Mr. Sater was never an employee, but that he had worked independently to steer potential deals to Mr. Trump. The arrangement lasted about six months, Mr. Garten said. Mr. Sater declined to comment on his dealings with Mr. Trump or with Bayrock.
By the time Mr. Trump sat for a deposition in a lawsuit in November 2013, it was clear he no longer saw the benefit of knowing the Bayrock executives with whom he had once completed big deals. He said he barely knew Mr. Arif: “I mean, I’ve seen him a couple of times; I have met him.”
As for Mr. Sater, “if he were sitting in the room right now,” Mr. Trump said, “I really wouldn’t know what he looked like.”
http://www.nytimes.com/2016/04/06/us/politics/donald-trump-soho-settlement.html?_r=0
See also:
ofspring -- Trump's used in Shabab's/al-Shabaab's latest recruiting video
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119559050
Difference? Obama is weak/sissy. Trump is a real man of strong character and doesn't fear the world in which Obama does.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122536372
The last just one example of DrHarleyboy's outsight (stupidity).
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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