Monday, August 28, 2017

Trump Toast

While Donald Trump was running for president in late 2015 and early 2016, his company was pursuing a plan to develop a massive Trump Tower in Moscow, according to several people familiar with the proposal and new records reviewed by Trump Organization lawyers.

As part of the discussions, a Russian-born real estate developer urged Trump to come to Moscow to tout the proposal and suggested that he could get President Vladimir Putin to say “great things” about Trump, according to several people who have been briefed on his correspondence.

  WAPo
This is one of the deals with Felix Sater, a Russian emigrant to Brooklyn and shady dealer partnering with Trump.
Sater wrote to Trump Organization Executive Vice President Michael Cohen “something to the effect of, ‘Can you believe two guys from Brooklyn are going to elect a president?’ ” said one person briefed on the email exchange.

[...]

And although investors and Trump’s company signed a letter of intent, they lacked the land and permits to proceed and the project was abandoned at the end of January 2016, just before the presidential primaries began.

[...]

Nevertheless, the details of the deal, which have not previously been disclosed, provide evidence that Trump’s business was actively pursuing significant commercial interests in Russia at the same time he was campaigning to be president — and in a position to determine U.S.-Russia relations.

[...]

Trump denied having any business connections to Russia in July 2016, tweeting, “for the record, I have ZERO investments in Russia” and then insisting at a news conference the following day, “I have nothing to do with Russia.”
Not that he didn't try.
Trump has repeatedly tried to distance himself from Sater, who served time in jail after assaulting a man with the stem of a broken margarita glass during a 1991 bar fight and then pleaded guilty in 1998 to his role in an organized- crime-linked stock fraud. Sater’s sentencing was delayed for years while he cooperated with the federal government on a series of criminal and national security-related investigations, federal officials have said.

During that time, Sater worked as an executive with Bayrock, whose offices were in Trump Tower, and brokered deals to license Trump’s name for developments in multiple U.S. and foreign cities. In 2010, Trump allowed Sater to briefly work out of Trump Organization office space and use a business card that identified him as a “senior adviser to Donald Trump.”

Still, when asked about Sater in 2013 court deposition, Trump said: “If he were sitting in the room right now, I really wouldn’t know what he looked like.” He added that he had spoken with Sater “not many” times.
This story just showed up.

Twitter explainer.

Be on alert for some more scared tweeting.

...but hey, do what you want...you will anyway.

UPDATE:  Apparently, it was Trump himself who signed the letter of intent.
“To the best of my knowledge, Mr. Trump was never in contact with anyone about this proposal other than me on three occasions, including signing a non-binding letter of intent in 2015,” his statement says.

Cohen also makes clear that he himself engaged in communication directly with the Kremlin about the proposal during the ongoing 2016 presidential campaign. His statement says he wrote to the press secretary for Russian President Vladimir Putin at the request of Felix Sater.

[...]

“I abandoned the Moscow proposal because I lost confidence that the prospective licensee would be able to obtain the real estate, financing, and government approvals necessary to bring the proposal to fruition,” Cohen said. “It was a building proposal that did not succeed and nothing more.”

  ABC News
So why was it necessary for Trump to deny it?

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