Page 115 - Soho News Today

Trump place from a residential building on manhattans upper west side because residents voted to strip the name down. some embarrassed over the trump association. now, removal of trumps names from buildings is something of a trend in cities and it can be for different reasons. tonight were learning there are some deeper problems with many trump-branded properties, far more than simple residential shame. trump, though, long boasting about his buildings. >> people really want to own what i do beca...

>> no, thats not all you had to know. and he felt unprompted to go on twitter and say i have no investments in saudi arabia or russia either. and hed been playing this game for a number of years which he says i dont have investments in these countries. the reality is they have investments in him, oftentimes in the united states. >> what do you mean by an investment in him? >> well, theyre buying his condominiums. he had russian buyers for scores of his condominiums. he had partners of russian de...

>> no, thats not all you had to know. and he felt unprompted to go on twitter and say i have no investments in saudi arabia or russia either. and hed been playing this game for a number of years which he says i dont have investments in these countries. the reality is they have investments in him, oftentimes in the united states. >> what do you mean by an investment in him? >> well, theyre buying his condominiums. he had russian buyers for scores of his condominiums. he had partners of russian de...

Oversight. >> and this is the kind of thing that congress could actually do an oversight hearing and find out that the theres nothing there and they dont do it. >> right. >> it also comes the week that pro publica reported that president trump and his family regularly misled investors and potential buyers to mick a profit off their real estate projects. ivanka trump told reporters 60% of the united states of the tower in soho were sold. in reality 15% and that tower has since gone bankrupt. ivan...

And had not been prosecuted. >> have not. >> and any active actions to do such? >> we have not heard of any. >> what was interesting is seeing ivanka do the exact same thing. explain. >> i found that surprising that it was actually ivanka who was making a lot of the statements. she came into the trump organization in the mid 2000s, and panama was supposed to be her baby, her first big deal and we found quite a few misstatements she made in promoting that project. >> we have this here. in 2008 iv...

We are 90% sold when in fact they were 79%, and in soho they were 60% sold when they were 15% sold at that point. donald trump was talking about the ft. lauderdale project, saying they were sold out when they were 62% sold out, and this was meant to increase the confidence in those buying. >> they were false? >> they were false. its not like they were hiding this at all. president trump, then celebrity trump, did some of this on "the "apprentice." >> one of the most popular destinations on earth...

Crisis so there wasnt so much scrutiny on this specific deal. but when we talked to people, they said if this keeps happening over and over again, in mexico, in soho, in panama, what it suggests is its a business model. its not a fluke. this is how they did it, they got people to buy in by making very specific misrepresentations -- >> but where were the sales even coming from? >> this is an interesting question. in panama we dont know. there were a lot of shell companies. there were specific inc...

Brands. theyre not going to change their brands. 25-year-old are the ones buying the shoes and they are the ones probably support the kneeling. >> no doubt. if you go to the hip stores like soho its always going to be the young people willing to buy sneakers that cost 2, 3, 4, $500. nike though wants to go down this path, i would like to also say something about the 1,000 almost black -- almost 1,000 black people shot in chicago since memorial day to labor day including the six killed over the w...

People in the neighborhoods that grew up with us. we all came from poor circumstances. we had visions to get out of the neighborhood and do something bigger. >> last stop, a big working dinner at eds lobster bar in soho. the founder of the international media company, reach tv. he just flew in from l.a. and hes hungry. >> the baked clam. >> he distributes video content for hundreds of hotels and airports worldwide. bigs is looking to team up with him. >> dealing with multiple artists and athlete...

If they go after his businesses and foundation, they could sue him to bankruptcy. >> of the foundation, i dont think hes that scared. >> how about the collapse of his business, if his businesses become the focus on state prosecutor. >> hes going to be mad at me for saying this, this is somebody i dont think his businesses haves prospered since hes been president. you look at property skies and reports about one only popular because the saudis came in and rented hotels. i do not assume trump soho...