Thursday, November 29, 2018

It just keeps getting better

President Donald Trump’s company planned to give a $50 million penthouse at Trump Tower Moscow to Russian President Vladimir Putin as the company negotiated the luxury real estate development during the 2016 campaign, according to four people, one of them the originator of the plan.

Two US law enforcement officials told BuzzFeed News that Michael Cohen, Trump’s personal lawyer at the time, discussed the idea with a representative of Dmitry Peskov, Putin’s press secretary.

[...]

The plan never went anywhere because the tower deal ultimately fizzled, and it is not clear whether Trump knew of the intention to give away the penthouse. But Cohen said in court documents that he regularly briefed Trump and his family on the Moscow negotiations.

  Buzzfeed
Dealing with Putin was a very big deal to Trump, who had hopes of him becoming Trump's "new best friend," according to his statements heading into the 2013 Miss Universe pageant in Moscow. Trump knew.
[Felix Sater, the architect of the plan,] told BuzzFeed News today that he and Cohen thought giving the Trump Tower’s most luxurious apartment, a $50 million penthouse, to Putin would entice other wealthy buyers to purchase their own. “In Russia, the oligarchs would bend over backwards to live in the same building as Vladimir Putin,” Sater told BuzzFeed News. “My idea was to give a $50 million penthouse to Putin and charge $250 million more for the rest of the units. All the oligarchs would line up to live in the same building as Putin.” A second source confirmed the plan.

Sater, a brash real estate promoter who pleaded guilty to racketeering in 1998 and became a longtime asset to US law enforcement and intelligence agencies, had worked with the Trump Organization on deals in the past and said he came up with the idea.

[...]

Two FBI agents with direct knowledge of the Trump Tower Moscow negotiations told BuzzFeed News earlier this year that Cohen was in frequent contact with foreign individuals about the real estate venture — and that some of these individuals had knowledge of or played a role in 2016 election meddling. The identity of those individuals remains unknown.

Developing a tower in Russia had long been a dream of the Trump Organization, which pursued a deal there for three decades. After Trump announced his candidacy in the summer of 2015, Sater saw an opportunity to revive the development.

“I figured, he’s in the news, his name is generating a lot of good press,” Sater told BuzzFeed News earlier this year. “A lot of Russians weren’t willing to pay a premium licensing fee to put Donald’s name on their building. Now maybe they would be.”

[...]

Sater lined up a Russian development company to build the project and said that VTB, a Russian financial institution that faced US sanctions at the time, would finance it. VTB officials have denied taking part in any negotiations about the project.
Two great points:

1) They were going to give Putin a $50 million dollar penthouse and sell other apartments for $250 million. I'm going to go out on a limb here and say they weren't giving Putin an apartment 1/5 as good as the others, but were instead gouging the others by hiking the price up five times the amount the apartments were worth. (Or even more if you consider Putin's apartment would likely be the best and therefore worth the most.)

And, 2) They were going to work with a financial institution that was under sanctions.

The sources for this article are not Cohen, but I just want to put it out here: for anyone who believes Trump that Cohen is lying, just remember, Cohen is the guy who made copious audiotapes of his conversations.

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


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