Finding his way into american living rooms across the country. he has this incredible stroke of luck. he turns into an actor playing a successful businessman. who will be the apprentice . the apprentice opened the door for trump for a new way of making money. he shifted his business model, he became a brand name. he began licensing his name and putting his name on everything. doing it a happen hazard way. i just raised the stakes. trump steaks, water, wine, this and that. he licensed neckties, buildings. he plugs into the solutions, beautiful, beautiful solution, if i don t ask a lot of questions and i allow my name to go on projects, then i ll get paid. there are buildings in which he didn t put up a penny but he got a multimillion dollar fee upfront that would have the
Making money. trump then shifted his business model. he became a brand name at that point. so he began licensing his name and he was putting his name on everything. doing it in this hab hazard chaotic way. when it comes to great steaks, i just raised the stakes. trump wine and trump water and trump this and trump that. he plugs into the solutions, this beautiful, beautiful solution that if i don t ask a lot of questions and a lou my name to go on projects, then i ll get paid. there are buildings in which he didn t put up a penny but he got a multimillion dollar fee up front that were to have the trump name on them. the trump soho is a very, very special building. in the case of trump tower soho, the trump organization got 18% ownership of the tower. without investing a ingle dime according to bloomberg news.
After you made those loans, they through away, even trump showed up and got the million dollar fee to tour around the nation of georgia and announce the location of grand new tower, there was no grand new tower. there were just loans that extracted money from the bank and put it apparently in the chairman s pocket. that s what happened to the trump hotel. that s the reason there isn t one despite what you heard about the grand planned opening. it appears to have been a scam. it appears to have been a way to embezzle money out of a bank and embezzle bank to launder it through companies and transactions that look legit and in 2012 donald trump got paid $1 million to go over there and make it look real. there is three stories about kazakhstan. of all the countries in the
Small companies. none of the companies have real estate or developments. they were created for r the purpose of this project and it turns out all of these new entities created and lavishly funded by bta bank and they all turned out to be controlled by the chairman of the bank or people close to him. that was his mo. that was how he allegedly stole all the money out of the bank. he would lend it to fake companies which is really just himself. after you made those loans, last thing you want to do is fritter away the mumbai spending it to build something. so even though trump showed up and got his million dollar fee to tour around nation of georgia and announce the location of his grand new tower, there was no brand new tower. it was just a loan that extracted the money from the bank and put it apparently in the chairman s pocket. that s what happened to the
Betrayed his client, charged a million dollar fee and then secretly earned 6.5 million more at the client s expense. authorities are worried that further disclosures resulting from the affair may weaken public confidence in financial markets and weaken the markets themselves. i just came from inside, it looks like a mad house. i guess the bull market s over. it s a blood bath down there. they re calling it the monday massacre. i call it the nearest thing to a meltdown i ever want to see. by the closing bell, the dow jones industrial average was down more than 500 points. this is a crash people hadn t seen since the great depression. no one had seen the stock market fall that quickly, that fast. losses of more than $500 billion. october 19th, 1987, wall street s black monday. that crash was one of the first signs of how dangerous this new era could be. that what the market had given, the market could take away and