TheJohnoShow

Full Story Here: https://youtu.be/1VhhgZX61pg

The property that would eventually become Trump Castle didn'€™t start off that way. The casino was built to completion by Hilton Hotels, which was then denied a gambling license by the State of New Jersey due to alleged ties to organized crime. So Donald Trump swooped in to buy the property from Hilton for $320 Million dollars and opened it'€™s doors in 1985.

Within five years the casino was struggling as it lacked direct access to the Atlantic City Expressway, and was basically a lone outpost of gambling away from the Boardwalk. Plus, it was in direct competition from its newly opened sister property the Trump Taj Mahal. This lead to Trump nearly missing an interest payment to bondholders and that'€™s when Fred Trump stepped in. Ordering his attorney to go to the casino and deposit a certified check. After which the lawyer went to a high stakes blackjack table and, drawing against the money on deposit, bought $3.35 million dollars in gray $5,000 chips. The attorney placed the chips in a bag and left the casino hotel having no intentions of ever gambling.

The next day, Fred Trump wired another $150,000 dollars to the casino that again was converted into $5,000 chips and removed from the establishment. This meant in total Fred had purchased $3.5 million dollars of Trump Castle chips. The infusion of cash allowed Donald to meet the interest payment and keep enough money on hand in the casino to continue operations. Now if Fred Trump had simply loaned the money to his son, Donald could have either loaned it to the casino or made a capital contribution but then there would be no way for either of them to get that money back as it would first go to creditors. And here'€™s the whole problem with what these guys did.

The Casino Control Act of New Jersey has very strict guidelines as to who can loan a casino money and the state Division of Gaming Enforcement is especially concerned about casinos seeking funding in less than obvious methods. In fact this type of loan is extremely unscrupulous because the state guarantees the public that gaming chips can always be redeemed despite the current status of a casino'€™s liquidity. So by turning the money into chips the state is on the line for payout should those chips ever show up on the shores of a Jersey Beach.

The state went after Donald. He was allowed to keep the $3.5 Million dollars but was fined a pittance of $30K, less than one percent of the loan amount. Fred Trump for his involvement in this s**m agreed to apply for an official license as a financial source, which then allowed him to make another loan possible several months later to again pay the interest due to bondholders. What'€™s interesting here is that according to the law Fred Trump should have been ineligible from gaining a license as he had previously admitted violating the provisions.

None of these loan s**ms made any difference though as Trump Castle was still unable to make it'€™s next payment of $338 million to keep the bonds afloat and the casino began debt restructuring in May 1991 barely six years after opening.

But wait the story isn'€™t over yet because Donald still had another trick up his sleeve. First, Hilton offered to repurchase the property for $165 million dollars, which Trump of course rejected because it would have meant a loss of $155 million dollars from his initial purchase. He did however agree to give the bondholders 50 percent ownership of the Castle, in exchange for reduced interest rates and forgiveness of $25 million dollars of debt. This plan was filed as a prepackaged bankruptcy in March 1992.

But then...and hold onto your seats cause this is where the art of the deal meets the art of the s**m. Trump reacquired full ownership of the Castle in a refinancing deal in December 1993. He then sold the property in September 1996 to his own new publicly traded casino company, Trump Hotels & Casino Resorts for $525 million dollars, which meant according to Trump himself the value of the property had skyrocketed by $205 million dollars despite stockholders and market analysts deeming the price hyper-inflated. Trump defended this pricing saying the new company'€™s holding over all the Trump casinos would produce $500 million dollars in cash flow a year and without Trump Castle under the umbrella the company would only expect to bring in $285 million dollars.

Okay, let me do that for you again slowly. Cause it'€™s all in the art of the s**m. So Trump Hotels & Casino Resorts a publicly traded company held at that time all Trump casinos including the Taj Mahal, Trump 29 in California, Trump Casino in Indiana, and two casino's in Trump Plaza but he'€™s saying that the Trump Castle will net nearly half of all cash flow for the company each year. And keep in mind this was 1996 and no casino had ever had a million dollar day intake.

He then attempted to bamboozle a couple of investor companies into buying a stake in the casino all of which fell through. Most likely because someone on the investor side realized the numbers didn'€™t make sense. And all this time the Atlantic City casino values were plunging. To put the icing on the cake Trump Hotels & Casino Resorts declared bankruptcy in 2009 after amassing $1.2 billion dollars in debt.

This is very very dangerous stuff. This s**m artist is running for the president of the United States of America and look what he does to his own companies with little regard to investors, bondholders or stock buyers. He simply doesn'€™t care. If he's able to walk away then in his mind no one was hurt. But believe me there are people and companies who put money into these schemes at every single turn and what did it get them - absolute heartbreak. This man is extremely dangerous. If elected not only will he have the nuclear codes but he'€™ll directly be able to impact this nation'€™s economics and no one in the mainstream media is bringing these solid facts to the American people. Why? This isn'€™t a joke. This is America'€™s future.

bahmer

Maybe you should first listen to Clinton Cash before you jump on your high horse and ride out of town. Clinton Cash makes this sound like two kids playing monopoly and Clinton Cash is the most d********g stuff that I have ever heard of.

Floyd Brown Loc: Milwaukee WI

That seems to be just the sort of way to do business some people seem to like.

Some feel that sticking it to the man is alright.

What they fail to see is the man(Trump) is just the type of man that needs to stick it to.

TheJohnoShow

I did a whole ten part series on how terrible Clinton is and it included a video on the Clinton Foundation. Now I'm focusing on Trump.

rexzark1 Loc: upstate New York

So, you have a problem with what Trump did? But it is ok if you are a jew. Wake up!

TheJohnoShow

Do you have an example of a Jew doing this or is saying Jew just a knee jerk reaction for you?

rexzark1 Loc: upstate New York

Take any big player jew, crypto jew. Dimon, Marc Rich, Goldman Sach's ceo, etc. These jews have a revolving door from ceo,to treasury sec. to head of the SEC. So they are in a jewboy club where they make the rules to break the rules and are also to enforce the rules. If anybody objects to this r****d game, they are whacked or otherwise dealt with, so nobody does. Compared to these bigtime jews, Trump is small potatoes, but the jews do not like goyim doing their standard business practices unless the goyim work for them. Capice?

robmull Loc: florida

WHY, Johno??? There's enough crap on Hillary just about the private {top secret and beyond} emails and the closed-circuit cameras at the B******i Compound, focused on the purposely unaided assassinations of 4 American heroes in B******i to make wh**ever "business" t***sactions Mr. Trump was involved in mere child's play. You just can't jump from the constant breeches of OUR national security and the damage that was created by Islamic terrorists, especially in B******i, who were CERTAINLY intercepting the insecure emails en-route to EVERY American destination!!! Get real. Our security was an open book to ALL who had a mind-set of "DEATH TO AMERICA;" and only God knows how many supposedly secret operations were easily intercepted and being calculated by our enemy even before our brave American patriots got the email. I recall the helicopter, full of Special Forces Soldiers, that was shot-down because the enemy knew exactly the cargo and route and time. Hummmmmmmmmmmmmmmmmmmmmmmmmmmmm. GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO TRUMP!!!

rexzark1 Loc: upstate New York

Yes, he is the only lifering before the whole country plunges into the bottomless abyss.

robmull Loc: florida

What the HELL are you talking about, Johno??? To try to compare or parallel ANYTHING Mr. Trump was responsible for in American national security with the damage Hillary did by [purposely?] flooding the Middle East with the most sensitive, [top-secret and beyond] American military strategies, is beyond moronic!!! GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO TRUMP!!!

America Only Loc: From the right hand of God

How many people were murdered by terrorist in this story? Any so called movies made on you tube that was the cause of the murders? Any SLUSH funds to launder money through Canadian banks? Any 30 so odd thousand destroyed emails?

Trump money was Trump money. Sadly the Trump casino was not the only one to suffer from hard times.

I'll v**e for Trump over anyone else tossed into the Arena.

Dangerous? Can we have the LATE Chris Stevens give his two cents on that topic?

The media LOVES Hillary enough to help hide far too many facts about her long long list of crimes. However it is sad YOU or anyone else would bring up a story that may not be totally factual about Trump, but leave Hillary's long list of crimes all alone. Democrats would continue to support Hillary even if the news had a live camera on her showing her k*****g newborn babies in a Hospital. You are all that diseased ridden...Murder is a way of life for Democrats and getting away with it as well...can we say Teddy Kennedy and Mary Jo?

America Only Loc: From the right hand of God

That should have been Obama and Hillary on the copter!

rexzark1 Loc: upstate New York

Hillary as a oath taking loyalist to Israel, as is the potus, vice potus, all elected members of congress that get re-elected, Hillary deliberately set up her e-mails to be hacked, to promote and cause terrorism. Why? Israel wants the US to fight their wars for them. Better goyim blood shed then one drop of precious jew blood. This policy has been in effect since the 1960's Israel attack on the USS Liberty. I believe the idea was the Israelies were gonna say the Egyptians sank the USS Liberty and k**led all the crew thereby getting the US military involved in their war at that time. The Mossad did 911. This is the Jewknighted States of Americ.u.n.t.s according to the federal govt. Look at the US history since Woodrow Wilson made the federal reserve banking system reality in 1913.

bmac32 Loc: West Florida

"Most likely because", "But then", "But wait" We sold a house and required it 7 years later at half what we had sold it for, so this isn't good business?

TheJohnoShow

Oh sorry I didn't realize I was talking to an Italian ("Capice"). I understand how you came to this conclusion. Several years ago there was an underground war whereby the Jews gained full control of the Illuminati, the Freemasons, and Skull and Bones. So now they rule the world. This was of course after they traveled back in time, saved all their own during World War II and replaced themselves with Palestinians. No one else knows this except you and me. It'll be out little secret. Now when they talk about the Israeli Palestinians conflict it's really a false narrative because all the Palestinians are in fact JEWS!!! Damn their brilliant. Hey is my lasagna ready yet...cause you are BAKED!!