March 14, 2009 🟡 Significant

Investors sue Trump over failed Trump Ocean Resort Baja project

Dozens of investors sued Donald Trump over the failed Trump Ocean Resort Baja condo-hotel development in Mexico, saying they paid large deposits after it was promoted as a 'Trump project' and were then told they would not get their money back after the development collapsed. CBS News reported investors poured about $32 million into the project; the Trump Organization said it was not the developer and had terminated its contract.

Categories

Offenses:
grift legal-violation
Domains:
economy justice-system
Tags:
#lawsuit#real-estate#mexico