Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
34 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump 11 Br mansion on St. Martin destroyed. (Original Post) ginnyinWI Sep 2017 OP
That time Trump took $17 million in insurance money for non-existent damages to Mar-a-Lago mahatmakanejeeves Sep 2017 #1
"Trump said..." always rings alarm bells TreasonousBastard Sep 2017 #3
You have to question the competence of the insurance company and its adjusters PoindexterOglethorpe Sep 2017 #9
Kickbacks most likely Takket Sep 2017 #10
Kickbacks to who? former9thward Sep 2017 #25
Insurance companies fight big payouts with an army of lawyers Not Ruth Sep 2017 #29
Might just be "fake news". I heard a duzy marybourg Sep 2017 #28
Sorry about Richard Branson's mansion because avebury Sep 2017 #2
Not like he doesn't have the cash to get it fixed n/t n2doc Sep 2017 #7
Actually, more and more info. surfacing he does not. dixiegrrrrl Sep 2017 #20
I was referring to Branson n/t n2doc Sep 2017 #21
Aarrrgh...on me. dixiegrrrrl Sep 2017 #23
Looks like Banson's, his staff, and guests stayed on the island and rode off the storm. clutterbox1830 Sep 2017 #11
He was a lucky idiot n2doc Sep 2017 #22
How do you know he stopped anyone from leaving? former9thward Sep 2017 #26
He was in the concrete wine cellar. defacto7 Sep 2017 #33
Insurance job Not Ruth Sep 2017 #4
so how much is he going to soak the insurance company for? niyad Sep 2017 #5
So now he can sell it to the Russians for another money-laundering scheme. progressoid Sep 2017 #6
"$16.9 million from $28 million" Weekend Warrior Sep 2017 #8
Obviously, he did not really try to sell it at $28 miilion Not Ruth Sep 2017 #12
Not so sure. It seems he wants to sell it. Weekend Warrior Sep 2017 #13
So that means that my otherwise shitty day PCIntern Sep 2017 #14
You may get a weekend 'twofer' malaise Sep 2017 #15
So you are rooting for Trump to have some destruction former9thward Sep 2017 #27
So that makes it now a fixer-upper. lpbk2713 Sep 2017 #16
I can't muster up any sympathy. lunatica Sep 2017 #17
To echo a country song... KY_EnviroGuy Sep 2017 #31
Because of Gay people, God destroyed DT's mansion. Xolodno Sep 2017 #18
That's OK! A Russian Indemnity firm insures it for 10X its face value as a way to launder money. TheBlackAdder Sep 2017 #19
Maybe this will change their mind on climate change? Initech Sep 2017 #24
They are so ignorant bdamomma Sep 2017 #32
And the sad thing is by the time people wake up it will be too late. Initech Sep 2017 #34
Bullshit headline jberryhill Sep 2017 #30

mahatmakanejeeves

(57,617 posts)
1. That time Trump took $17 million in insurance money for non-existent damages to Mar-a-Lago
Fri Sep 8, 2017, 01:15 PM
Sep 2017

Retweeted by David Fahrenthold: https://twitter.com/fahrenthold

That time Trump took $17 million in insurance money for non-existent damages to Mar-a-Lago



Trump took $17 million in insurance for damage few remember

By JEFF HORWITZ and TERRY SPENCER
Oct. 24, 2016

PALM BEACH, Fla. (AP) — Donald Trump said he received a $17 million insurance payment in 2005 for hurricane damage to Mar-a-Lago, his private club in Palm Beach, but The Associated Press found little evidence of such large-scale damage.

Two years after a series of storms, the real estate tycoon said he didn’t know how much had been spent on repairs but acknowledged he pocketed some of the money. Trump transferred funds into his personal accounts, saying that under the terms of his policy, “you didn’t have to reinvest it.”

In a deposition in an unrelated civil lawsuit, Trump said he got the cash from a “very good insurance policy” and cited ongoing work to the historic home.
....

Trump’s description of extensive damage does not match those of Mar-a-Lago members and even Trump loyalists. In an interview about the estate’s history, Trump’s longtime former butler, Anthony Senecal, recalled no catastrophic damage. He said Hurricane Wilma, the last of a string of storms that barreled through in 2004 and 2005, flattened trees behind Mar-a-Lago, but the house itself only lost some roof tiles.

PoindexterOglethorpe

(25,902 posts)
9. You have to question the competence of the insurance company and its adjusters
Fri Sep 8, 2017, 01:44 PM
Sep 2017

if they made that kind of an unwarranted payout.

former9thward

(32,082 posts)
25. Kickbacks to who?
Fri Sep 8, 2017, 07:11 PM
Sep 2017

Do you really believe an insurance company is going to write a $17 million dollar check just because an adjuster told them to?

 

Not Ruth

(3,613 posts)
29. Insurance companies fight big payouts with an army of lawyers
Fri Sep 8, 2017, 07:36 PM
Sep 2017

Look at the way the 9/11 payouts went, something that should never have been challenged by an insurance company.

marybourg

(12,635 posts)
28. Might just be "fake news". I heard a duzy
Fri Sep 8, 2017, 07:34 PM
Sep 2017

last night from "one of ours". Yes, it seems that a few dollars worth of chemicals could have stopped Katrina in its tracks when it was just a little hurricane, but G. Bush Jr. "didn't want to spend the money" and covered up this miracle hurricane cure.

Yes, we have ours also. This guy seems pretty normal, otherwise.

avebury

(10,952 posts)
2. Sorry about Richard Branson's mansion because
Fri Sep 8, 2017, 01:26 PM
Sep 2017

he has always seemed like a nice guy. No sympathy for Trump.

dixiegrrrrl

(60,010 posts)
20. Actually, more and more info. surfacing he does not.
Fri Sep 8, 2017, 05:42 PM
Sep 2017

In fact, he had put it up for sale and dropped the asking rather quickly.

his business model is he gets projects built by lending his name to them, then he and his partners, take out as many loans as they can, using the projects for collateral, when the loan payment is due, they refinance
over and over until the that merry go round stops, then he files for bankruptcy.
which explains the 6 bankruptcies, where he ended up with a clean slate.
Money laundering is suspected as source of the construction money.

His Atlantic City casino was charged and heavily fined for money laundering in 2015.
Several hotels/Co-ops have gone bust, leaving tenants out in the cold.

but...now...the game has stopped, his money has been drying up at the same time more loans are coming due, and the poor wee little man is not realizing the financial windfalls he anticipated from the election.

Kushner uses same kind of game.

clutterbox1830

(395 posts)
11. Looks like Banson's, his staff, and guests stayed on the island and rode off the storm.
Fri Sep 8, 2017, 02:09 PM
Sep 2017

Always seem like a good guy. He started and donated to the relief fund efforts.

n2doc

(47,953 posts)
22. He was a lucky idiot
Fri Sep 8, 2017, 06:17 PM
Sep 2017

Responsible thing would have been to order everyone off of the island when there was a solid chance that it would hit. He put the lives of his staff and guests at risk so that he could enjoy a thrill. There is zero other reason why a person with his resources would have to ride out a 185 mph cat 5 hurricane.

 

Weekend Warrior

(1,301 posts)
8. "$16.9 million from $28 million"
Fri Sep 8, 2017, 01:40 PM
Sep 2017

Something is really wrong with that. To be that far off on market value is absurd. I would like to know when it was put up for sale. Did he put it on the market at that price before becoming President?

 

Not Ruth

(3,613 posts)
12. Obviously, he did not really try to sell it at $28 miilion
Fri Sep 8, 2017, 02:17 PM
Sep 2017

You see the same thing on EBay when someone asks $30 for a $15 item.

Same thing Zuckerberg's neighbors did when he moved into the neighborhood. They raised prices to make Zuckerberg stop annoying them. Then Zuckerberg bought them out anyway.

 

Weekend Warrior

(1,301 posts)
13. Not so sure. It seems he wants to sell it.
Fri Sep 8, 2017, 02:23 PM
Sep 2017

The timing of it going to market would be key. It wouldn't be the first home he sold to a Russian investor for well over market value.

So I believe your "obviously" is really not that obvious.

former9thward

(32,082 posts)
27. So you are rooting for Trump to have some destruction
Fri Sep 8, 2017, 07:15 PM
Sep 2017

even though hundreds of thousands, if not more, will suffer the same fate. Wow...

lpbk2713

(42,766 posts)
16. So that makes it now a fixer-upper.
Fri Sep 8, 2017, 02:46 PM
Sep 2017



Tough shit Donnie. He'll weasel some way to make a profit from it.

bdamomma

(63,923 posts)
32. They are so ignorant
Fri Sep 8, 2017, 07:48 PM
Sep 2017

about science and the implications of climate change. Hurricanes (sorry) will just get worse until freaking people wake up I am not talking about those who are aware of climate change and it's deadly affects. Caribbean, Texas and now Florida horrible 3 major hurricanes in the Atlantic basin since 2010 simultaneously.

 

jberryhill

(62,444 posts)
30. Bullshit headline
Fri Sep 8, 2017, 07:37 PM
Sep 2017

"The extent of the damage to Trump’s property is not yet fully known..." per the linked article.

Latest Discussions»General Discussion»Trump 11 Br mansion on St...