Donald Trump Sued In New Lawsuit Over Failed Project
Looks like the saga of the failed Trump Ocean Resort Baja is far from over. Radar Online has documents that show a new lawsuits has recently been filed by seven investors in the project. The individuals sued not just Donald Trump but his children, Donald Trump Jr. and Ivanka Trump and others saying they were " duped into buying hotel-condominium units that were never built." The plaintiffs have asked for punitive damages of no less than $10 million dollars.The lawsuit details the many ways that the plaintiffs feel like they were swindled by Trump. They were led to believe that Trump was directly involved when instead it was a licensing deal. The lawsuit produces evidence including newspaper stories to prove that the project was widely known as a Trump project and that Ivanka Trump and Donald J. Trump, Jr. attended key sales events for the project and announced that they would be purchasing units in the project.
What was to be a 526-suite luxury project with a spa, swimming pool, restaurants and shops has instead turned into an abandoned excavation site with six cement pads sitting on it. The lawsuit papers say that Trump and the developer Irongate did not have financing and construction permits approved before the sales and that the site itself had contamination and mold issues. There is also an allegation that certain "favored" buyers were allowed to purchase without a deposit while others including the plaintiffs were forced to tender hefty sums before purchase.
Last year after a first lawsuit in which investors sued Donald Trump and Los Angeles developer Irongate Wilshire over the failure of the Trump Ocean Resort Baja Mexico, Trump filed a lawsuit of his own. His lawsuit accessed Irongate Wilshire's principals of not following through on the plans for the five-star resort which bore his name. At that time Trump claimed that he was "unfairly targeted" by the buyers' lawsuit because he was not a developer of the project but the latest lawsuit does indicate that his family's involvement may have gone deeper than a name.
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Reader Comments (Page 2 of 2)
SnooooopPussPuss Mar 11th 2010 12:33PM
Trump has become a Money launderer for the Stupids......Amen..??? yes Amen.
linjack39 Mar 11th 2010 11:28AM
Donald Trump is a smooth talking con artist. Always has been. How does he get away with it?
CK Mar 11th 2010 12:21PM
The "victims" in this case were foolishly stalking a celebrity name. They will also buy clothes based only on the label, not the quality. As in all cases of celebrity worship, they lost.
Joe Papierz Jr Mar 11th 2010 12:45PM
The whiners and complainers are out in force today. Since when was it smart to make an investment based on someone's TV commercial for that property without looking further into the details carefully? You complainers are just jealous. Do your homework, investigate and stop wishing for someone to dump money on your front porch. It isn't going to happen.
Karen Mar 12th 2010 10:59AM
It's called GREED.
Nick Mar 12th 2010 11:24AM
FINALLY USA IS WAKING UP TO THIS GREEDY MEGA FREAK...................
DONNY BOY MUST THINK EVERYONE A CHUMP HEY THAT RIMES WITH TRUMP
I HOPE HE GIVES HIS TV EARNINGS TO CHARITY..........................
DONT HOLD YOUR BREATH......................... WHEN I GO TO ITALY THE KIDS COLLEGE IS FREE HEALTH CARE IS FREE.....WAKE UP AMERICA THE REPB ARE THE LACKIES FOR THE RICH.........
Joe Papierz Jr Mar 12th 2010 5:24PM
OK it's GREED. That doesn't give them the right to try to sue somebody whose only crime was to tell them about it. No one "made" them buy in, they decided to do it on their own.