Read this and you see what kind of a con man he always was and how he learned it from his daddy.
synopsis: The Trump’s owned rent-controlled building (they were slumlords). They set up a legal company to purchase HVAC systems and negotiated low prices. They didn’t alter the system in anyway or improve it’s efficiency. They turn around and sold these untouched HVAC systems to their main business and installed them in the buildings. But, they greatly inflated the price first. This “capital improvement” expense gave them their excuse to increase rents and ultimately increase the value of the buildings as well.
/PRNewswire/ -- Parker Waichman LLP, a national law firm, filed a class action complaint this week on behalf of over 30,000 current and over 100,000 former...
www.prnewswire.com
This was reported a little over two years ago. It came out as Donald Trump’s sister is a federal judge. She, like all Fred Trump’s children, was an owner of that company setup to buy the HVACs. She had to disclose her taxes and other financial information in order to be confirmed as a judge and is how this was uncovered
journals.library.columbia.edu