Is this stealing or just a bad investment project?

[Fluffdaddy]

Donald Trump Sued By Buyers Of Failed Luxury Condo Project

SAN DIEGO — Donald Trump was sued Friday by buyers who lost millions of dollars in deposits on a failed hotel-condo in the Mexican border city of Tijuana.

The 69 buyers purchased 71 units in Trump Ocean Resort Baja and paid deposits totaling between $18 million and $20 million, said Bart Ring, their attorney.

Buyers were told last month that the luxury oceanfront project was being scrapped and that there was no money left to refund deposits. In December, they were told the project had only $556,000 left after collecting $32.2 million in buy

Link to rest of story
http://www.huffingtonpost.com/2009/0..._n_174912.html


Where did the Millions go? Seems real fishy to me...Trump :puke:
__________________

[Motown_Johnny]

1. I think any project in Tijuana was doomed to fail, they should not have invested

I think Trump has enough money that he does not need to try and steal more from these people, but I may be wrong.

It looks like a high risk venture that went under to me

[Robbien]

2. Trump is in bankruptcy right now

again




Trump casinos file for bankruptcy - for third time
http://www.pressofatlanticcity.com/180/story/405645.html

[Motown_Johnny]

4. his casinos... I would be surprised if he does not have many other investments that are separate

from the casinos.

just because one portion of his empire is in trouble it does not mean the whole thing is.

I am just guessing and could be wrong, but I suspect he is still doing OK.

[Fluffdaddy]

5. But what happened to the money if they didn't build anything?

$32.2 million ..........gone

where did it go? :D

[Robbien]

6. With Trump involved it could have gone anywhere

Probably went by his throwing a couple of parties inviting the suckers to invest in his building.


It was other people's money, what does he care.

[Turbineguy]

3. There was an infomercial on the TV

about how to become rich the Trump way.