Baz Ares
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- Feb 2, 2017
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A Panama tower carries Trump’s name and ties to organized crime
When Ivanka Trump flew here in 2006 to push her family’s latest business project — an oceanfront steel and glass tower called the Trump Ocean Club International Hotel and Tower, shaped like a sail and designed to be one of the tallest buildings in Latin America — a Brazilian real estate salesman named Alexandre Ventura Nogueira says he was ready with a sales pitch.
Ventura, who said he only had a small real estate company at the time, said he told Ivanka Trump that he could sell condos in the proposed skyscraper for three times the price of similar units in Panama City. The reason: the Trump name, which would go on the building in a licensing deal even though the Trump Organization was not the building’s real developer.
Ventura says he and Ivanka agreed to a kind of challenge. If Ventura could sell apartments as easily as he claimed, and for those high prices, he’d become the main sales representative for the project.
No one asked about the money
In the interview, Ventura admitted that some of his brokers and clients who bought and sold units in the Trump Ocean Club were connected to the Russian mafia and other organized-crime groups, including a convicted money launderer who moved cash for drug cartels.
“I had some customers with questionable backgrounds,” he said. “Nobody ever asked me. Banks never asked. Developer didn’t ask and (the) Trump Organization didn’t ask. Nobody ask, ‘Who are the customers, where did the money come from?’ No, nobody ask.”
Legal experts contacted by Reuters said the Trumps should have asked those questions. Because Panama is “perceived to be highly corrupt,” said Arthur Middlemiss, a former assistant district attorney in Manhattan and a former head of JPMorgan’s global anti-corruption program, those who do business there should perform due diligence on others involved in their ventures. If they fail to do so, he told Reuters, they risk being liable under U.S. law of turning a blind eye to wrongdoing.
A Panama tower carries Trump's name and ties to organized crime
and MORE! Richard Engel on Twitter
with @reuters about dirty money at the #Trump Ocean Club.
Yep! That's your Great Douche DOPers! The Best Dang FAKE Business Douche Con Man who ever lived.
Licensing the DrumpF Douche brand to the MOBS and Drug Lords!
When Ivanka Trump flew here in 2006 to push her family’s latest business project — an oceanfront steel and glass tower called the Trump Ocean Club International Hotel and Tower, shaped like a sail and designed to be one of the tallest buildings in Latin America — a Brazilian real estate salesman named Alexandre Ventura Nogueira says he was ready with a sales pitch.
Ventura, who said he only had a small real estate company at the time, said he told Ivanka Trump that he could sell condos in the proposed skyscraper for three times the price of similar units in Panama City. The reason: the Trump name, which would go on the building in a licensing deal even though the Trump Organization was not the building’s real developer.
Ventura says he and Ivanka agreed to a kind of challenge. If Ventura could sell apartments as easily as he claimed, and for those high prices, he’d become the main sales representative for the project.
No one asked about the money
In the interview, Ventura admitted that some of his brokers and clients who bought and sold units in the Trump Ocean Club were connected to the Russian mafia and other organized-crime groups, including a convicted money launderer who moved cash for drug cartels.
“I had some customers with questionable backgrounds,” he said. “Nobody ever asked me. Banks never asked. Developer didn’t ask and (the) Trump Organization didn’t ask. Nobody ask, ‘Who are the customers, where did the money come from?’ No, nobody ask.”
Legal experts contacted by Reuters said the Trumps should have asked those questions. Because Panama is “perceived to be highly corrupt,” said Arthur Middlemiss, a former assistant district attorney in Manhattan and a former head of JPMorgan’s global anti-corruption program, those who do business there should perform due diligence on others involved in their ventures. If they fail to do so, he told Reuters, they risk being liable under U.S. law of turning a blind eye to wrongdoing.
A Panama tower carries Trump's name and ties to organized crime
and MORE! Richard Engel on Twitter
with @reuters about dirty money at the #Trump Ocean Club.
Yep! That's your Great Douche DOPers! The Best Dang FAKE Business Douche Con Man who ever lived.Licensing the DrumpF Douche brand to the MOBS and Drug Lords!
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