EXCLUSIVE: New book covers Trump’s business practices once paid for by gold bars

Haberman revealed new details about Trump’s dealings in the New York City real estate world and beyond, from the cover-up threat that the magazine’s owner is preparing to report his inflated wealth to his acknowledgment that his businesses sometimes had to interact with the public. According to a report obtained by CNN.

Separately, Trump’s other business practices have been renewed and under increased scrutiny in New York’s attorney general’s indictment Wednesday against Trump, some of his children and his company, alleging multiple fraudulent financial practices used by the former president. self enrichment.

In a striking piece, Haberman wrote that Trump sometimes accepted lease payments in cash, including when a tenant once sent Trump a box containing dozens of gold bars to cover the lease on a parking garage in a General Motors building. In Manhattan, which Trump bought in 1998.

Trump told aides they didn’t know what to do with the gold bars, according to Haberman. Matt Calamarin, the chief operating officer in the Trump Organization, once ordered a security guard to his apartment in Trump Tower. It is not clear what happened to the gold bars. Calamari’s lawyer declined to comment, and Haberman wrote that Trump called it a “nightmare question.”

Haberman’s book, “Confidence Man: The Making of Donald Trump and the Breaking of America,” will be released on October 4. It covers Trump’s journey through the New York business world as well as his presidency and 2020 results. In Joe Biden’s loss. A CNN political analyst, Haberman is a longtime New York reporter who has worked for both of the city’s tabloid newspapers and covered Trump’s 2016 and 2020 campaigns and the Trump White House for The New York Times.

Haberman writes that Trump’s financial situation at his company was often more dangerous than people thought, former officials said.

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At one point, Trump reportedly borrowed several million dollars from Trump Organization executive George Ross, Haberman said. Ross loaned Trump money to the writer, but insisted it was “to cover a very immediate situation” and not for salary expenses.

In another part, Haberman wrote that Trump threatened Malcolm Forbes, the owner of Forbes magazine, that he was gay if Trump made it public. I officially claim it.

Haberman wrote that officials in the Trump Organization operate in silos, and often do not know what is happening elsewhere in the business.

When Trump’s hotel and casino company was reprimanded by the Securities and Exchange Commission for misleading income statements, Haberman wrote that Trump was more involved than the company let on.

Jay Goldberg, who was Trump’s lawyer at the time, They blamed company officials for the misleading forecast in 1999 and insisted that Trump had no involvement, Haberman wrote. During the SEC action three years later, news reports also said Trump had no role in the company’s financial disclosures.

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But Haberman reported that former company adviser Alan Marcus said Trump had personally flagged the emissions draft in question, further increasing existing projections.

Trump rejected that account, Haberman said.

In an interview with Haberman, Trump said his business dealings in New York City sometimes required him to meet with the public, though he questioned how much he knew about it.

“Well, anybody who built New York City existed, whether you treated them indirectly or didn’t even know they existed,” Trump said. “Well, you got along, you had contractors and you don’t know whether they were mobs or not regulated or regulated, but I tell you sometimes it’s very difficult to get bids. High end desperate bids. And then there was no one else to bid.”

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