tv CNN Special Report CNN May 25, 2019 12:00am-1:00am PDT
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and i'm not harvey. i'm howard. i'm thankful for that. i would have been beaten up 20-times more if i had been harvey. >> thank you very much. i hope you enjoyed this interview with howard stern. his book "howard stern comes again" is out now. thanks for watching. the following a cnn special report. his business practices are opaque. >> everybody else lost that goes bankrupt. he walks away between $30 million and $50 million. >> the allegations of deception. >> we're developing. it doesn't mean we're the developer. >> often little guys get left in the lurch. >> with a financial catastrophe for us. >> it's hard when you have been ripped off. it's a big name. how could this happened?
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>> there's ordinary real estate selling. and there's this. >> i'm really rich. >> leveraging the presidency to make money. >> who's interest is he working for? american people or his wallet. >> tonight, a look inside "the trump family business." ♪ ♪ money, money, money, money >> reporter: the fall of 2006, after a series of corporate bankruptcies, donald trump is back. bigly. >> my name is donald trump and i'm the largest real estate developer in new york. >> reporter: that's not reality. it's just reality tv. a tv star. with "the apprentice" to promote him. >> you're fired. >> and whatever he is selling. >> i turned the name into the highest quality brand.
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>> he's selling and building a lot. >> the trump international hotel and tower. is the site of my latest development. >> reporter: that's downtown new york city. there was also northern mexico. just ten miles from the u.s. border. trump is offering five star luxury to people who couldn't think they could ever afford. >> big windows. beautiful kitchen. >> that's amazing. let's do it. >> reporter: she was immediately interested in the trump ocean resort in mexico. a big reason, it didn't have a southern california price tag. >> we don't make that kind of money. we're pretty regular, normal people. so, you know, trump ocean baja resort. we met the lady who showed up
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brochures and a spa and pool. and a tennis court. it looked so beautiful. >> reporter: beautiful. and she thought a great investment. because she thought she was buying from a man with the midas touch. >> whatever he touches turns gold. >> this is the purchase agreement. >> reporter: they signed the agreement in december of 2006. >> we picked an actual room with a plan. here's the purchase price. of condo. $418,000. that's how much that was. >> what they could afford. >> here's the confirmation. the letter confirms we're in receipt of $125,000. >> reporter: they would lose every penny. >> it's hard when you feel like you have been ripped off. by a big name.
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it's just, how could this have happened? >> reporter: trump ocean resort baja mexico was never built. construction never got beyond this. a giant hole in the ground. >> there's my hole. that's what i bought. my hole. >> reporter: the failure of trump ocean resort baja, mexico, was among several trump buildings that failed in the 2000s. two projects planned for florida. also failed. the hotel. it went bankrupt. so did buildings in panama. and toronto. >> most people in the city when that went bankrupt chalked it up to the global financial crisis. selling condos at a bad time. but a lot of people were building condos during the global financial crisis. and none of them went bankrupt. like 400 towers were built at the same time. as this one.
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and 399 of them made money. >> reporter: mark and robert of "the toronto star" partnered with the journalism school to investigate what happened to the trump building in toronto. >> everyone lost money except trump. >> yeah. >> that's ultimately the main revelation. that we walked away with. >> everyone lost money but trump. it's the bottom line. again and again. he gained, others lost. take panama. how much did he make? >> piecing together fragments of information. probably between $30 million and $55 million. it went bankrupt.
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everybody else lost. he walks away with $50 million. >> everybody else lost. and trump earned $30 million to $50 million. how? a big part of the answer, licensing. >> somebody else decides to build a building. they say if i put trump's name on it i'll sell the condos easily. and get more attention. we'll pay you a fee to put your name on it. >> those trump buildings in panama, toronto. and mexico. all licensed properties. >> donald trump started licensing his name around the turn of the century. it was easy money. he didn't have access to capital in banks anymore. because of the failures banks lost money. here's an opportunity to sign his name and get paid up front. >> who made deals and what were
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the terms? that's where things begin to get fuzzy. journalist in propublica have been investigating trump businesses for more than a year. trump inc. is a podcast and reporting project. to try to uncover the secrets of the trump family business. >> reporter: secrets because the trump organization fights to keep business details private. case in point. >> the only one that cares about tax returns are reporters. >> reporter: his battle over tax returns. >> no lawyer would tell you to release your tax returns when you're under audit. >> reporter: if the trump organization was a public company, there would be years of detailed information available. that doesn't exist. in fact the only financial documents trump has released publicly are the basic financial
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forms required of all presidential candidates. >> the financial disclosures give you a broad incomplete outline of the business empire. >> incomplete. one thing they reveal is the trump organization is actually more than 500 different businesses. including golf courses, and hotels. but there's a lot missing. >> what's not on the form most importantly are things like the people you're in business with. or any of your customers. or clients. >> reporter: later this hour, why that is important. up next. >> there's a picture of donald trump himself. it never says im licensing my name. i have nothing to do with the property.
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baja is one of the really hot places. >> reporter: having a second home especially one in baja was a dream. >> not everyone's american dream is the same. ours was have a family, have a picket fence and have like that second property. this is the sales office. >> it's why she bought a condo in a trump licensed property. trump ocean resort, baja, mexico. only problem was she didn't know that she was buying into a property that had licensed the trump name. >> these are the runts of the project. i had never heard it from the mouth or mouths of anybody representing trump baja resort. never. >> reporter: look at this letter.
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from the project developer. to buyers in august 2007. one of the two signatures at the bottom. donald j. trump. official brochures made it seem as if he was a developer. >> by developed by one of the most respected names in real estate. donald j. trump. >> trump said it, too. >> when i build i have investors that follow me all over. they invest in me and what i build. and that's why i'm so excited about trump ocean resort. >> reporter: when i build. what i build. trump was not going to build anything. at trump ocean resort baja, mexico. he didn't develop it. the company licensing his name did that. >> he set up this international licensing business. he would real estate there's an
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incredible value to the name trump and he could sell it. >> he didn't put in any money. he had nothing to lose. >> he would go to places with his family. with his children. don jr. and ivanka. and eric. and they would make the representations that this is a trump project. we're putting something in. >> reporter: often what they put in were themselves. >> ivanka got on stage and talked about how she purchased a unit. and she'll be frequently visiting. she mingled her way to our area and said if you need to borrow sugar. come knock on the door. >> she thought she was there as a future owner. she didn't know the appearance was required by this licensing contract. donald j. trump jr. and/or ivanka trump shall make one publicity visit. to help send the message the world's best known real estate developer was developing. each case is different.
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they would convey to people that were thinking of putting up their money it was a trump development. >> it wasn't. time after time he lied or misled about his role. baja. hawaii. where in 2007 letter to the wall street journal he wrote this building is largely owned by me and developed by me. false. tampa. he told a local paper in 2005 he had a substantial stake in a planned building there. false. and ft. lauderdale. this is trump's 2013 deposition. in a case where plaintiffs alleged trump misled them about his role in the ft. lauderdale development. listen to trump himself. >> you weren't developing that project? >> correct. >> the trump biography on this
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website read, mr. trump is also developing the super-luxury trump international hotel in tower ft. lauderdale. >> you would disagree with that sentence. >> the word developing doesn't mean we're the developer. >> there were multiple lawsuits in ft. lauderdale. most were settled. terms are secret. in the two suits that went to trial, jurors were shown the perspectives which identified the developer as someone other than trump. trump won. >> the trumps didn't require them to be successful to earn money. >> because trump got a fixed fee from the developer who licensed his name. and millions more as the condo sales were completed. even if the building went bankrupt. >> if they failed they would make money and say we weren't the developer. >> we were never the developer. that was made clear.
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>> we were just the licenser. we're not responsible for the loss. >> there were big losses. deposits lost and no buildings completed. in baja, ft. lauderdale, and tampa. bankruptcy in panama and toronto. in the bankrupt buildings more allegations of deception. buyers felt the trumps duped them by exaggerating sales figures to close a deal. take toronto. >> the best way to make a sale is convince somebody they're buying the last ticket. >> 2007 he said the building was 70% sold. in 2009 his daughter told cbs it was nearly full. >> we have projects all over the world that are successful and are sold out. so from hawaii to toronto. to istanbul. >> bankruptcy paper filed years later told a different story. >> years after it opened, they
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had three-quarters of the units that had not been sold. sitting empty. >> the trump organization didn't respond to request for comment. from "the toronto star" or cnn. >> it's a very special building. >> similar story in so ho. in 2008, ivanka said 60% of the units there had sold. court documents later show the real number was closer to 15%. >> there were e-mails. between the younger generation of trumps and ivanka and don jr. and the brokers. that acknowledge that they realize the building was not 60% sold. but they went ahead and said it anyway. >> they lied. >> they lied about how many units were sold. >> when buyers discovered the sales claims were grossly exaggerated, they sued. >> people ask isn't that just new york real estate? the way it works?
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and the answer is there's ordinary real estate selling. and there's this. which is a persistent pattern of saying things that aren't true. >> reporter: the civil suit was settled. the terms are secret. the trumps have said they did nothing wrong. up next. when paying for a hotel room maybe more than paying for a hotel room. >> they're here to curry fame. this is not a bed.
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it's a revolution in sleep. the sleep number 360 smart bed is on sale now during our memorial day sale. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to hit the ground running. only at a sleep number store. save $1,000 on the new queen sleep number 360 special edition smart bed, only $1,799. plus, 0% interest for 36 months. ends monday. sleep number. proven, quality sleep. this is my mom's house this place is home. a lot of firsts happened here... first kiss, first cigarette. never saw it as a problem... but when i was younger... 2 cigarettes, 3 cigarettes it wasn't; it wasn't a habit... my mom - she was always like "you need to do something, you need to get rid of them." that was her thing. as time went on, as smoking started falling out of fashion in society and rules started changing.
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gave the juul a real chance and... found that i liked it. found that it really works. the switch was easy. it was a no brainer really. but now that i look at people who smoke i am like "dude really?! you still doing that?" you know there's an alternative to that right? you don't have to do that. the person that i like to think that i am is because of her. this came from her... really.
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the wifi that set just raised the bar again. introducing xfinity xfi advantage. it comes with everything you love about xfi. the best speed, coverage and control. but it doesn't stop there, you also get enhanced network security, safer browsing, and more. plus it helps to optimize your network's performance. giving you the best coverage from attic to basement. so you can focus on streaming your favorites. not finding a signal. make the best wifi even better,with xfi advantage. simple, easy, awesome. this building is the center
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of presidential power in the capital. three blocks east, another one. >> it's the republican power center in washington. >> the president's washington d.c. hotel. from the beginning the trumps made clear it was open for business. >> on his way from taking the oath of the office to the white house they stopped and the family gets out. take a tour on the pavement. where? right in front of the property. >> back when he was a candidate. he admitted the presidency could be a boom for his d.c. hotel. listen to trump himself. >> it would bring in a lot of people. it's had it will be great for the building in question. >> reporter: he was right. >> it's a wild scene. really especially when congress
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is in session. walk in any night and i would guarantee you see somebody that is a republican politician. or a member of congress. >> reporter: how much money is the president making there? his financial disclosures claim $40 million in 2018. but we only have limited information. about who is choosing to stay and pay there. >> we have no accounting whatsoever. for keeping track of who is spending money at the property of the sitting president. >> among those spending money at the hotel, foreign governments. >> the kuwait. annual celebration in washington d.c. moved it from the four seasons to the trump international hotel. >> his colleagues at the "washington post" learned a lobbying group for the saudi government paid the hotel close to $300,000. >> in total we tallied around 500 room nights they stayed there.
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>> reporter: "the post" discovered saudi spending at the new york hotel turned a red quarter black. and the paper uncovered that after trump became president, saudi customers increase at his hotel in chicago. in d.c. the foreign guests landed the hotel at the center of a federal lawsuit. filed against the president by the attorney generals of maryland and washington d.c. >> you ask them exactly why they're staying at the trump hotel. they're very clear. they're here it show the president honor. and of course we know they're here also to act in their country's best interest. >> honor. >> yes. they're here to curry favor. >> reporter: it's a violation of the constitution for a president to receive presents or profit from foreign governments while in office. >> we know that president trump every day is receiving moneys from foreign countries.
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>> reporter: the department of justice wants the case tossed out. the suit is working through the court system and will appeal any ruling against him. meantime in 2017, a trump lawyer insisted there was no conflict. >> paying for a hotel room is not a gift or present. and has nothing to do with office. >> reporter: it isn't that simple. and the question remains, are people who are trying to curry favor getting them from the president of the united states? take saudi arabia. the president made the country his first international trip and historic honor. a year and a half later, "washington post" journalist jamal khashoggi was murdered in istanbul. they blame the crowned prince mohammed bin salman. he took the saudi side. >> i hate the crime. i hate what's done.
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i hate the cover-up. and i will tell you this, the crowned prince hates it more than i do. and they have denied it. >> there are many reasons the president maybe hesitant to anger the saudi government. but -- >> we have increasing cause to be concerned that the president's financial interests maybe in influencing government policy. now i'll pause and say we can't prove it. the burden of proof is not on the american people. it's on the president. >> reporter: as for profits from foreign governments, the president has vowed not to take them. that's why the trump organization says it voluntarily wrote a check to the u.s. treasury for $191,000. claiming it represents all profits from foreign government patrons at trump properties in 2018. >> do you buy it? >> no.
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what we know from president trump and the way he runs business and personal affairs, they are very opaque. nothing is transparent. >> in other words he suspects the president isn't telling the truth. just like when trump promised he would separate from his businesses. >> his investments have been or will be conveyed to a trust. >> while the donald j. trump revocable trust was created. it's run by his sons. it didn't separate the president from his businesses. >> we have never had a president in modern history that has remained in invested and profiting from his company while serving as president. >> he still profiting. >> period. >> corrects. >> modern presidents have all sold off assets or put them in blind trust. this was no bay they could knowingly impact the bottom line. president trump didn't do either
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of those. >> it will be hard to describe what he did as the bear minimum. he essentially did nothing. >> he figured some of what trump did do. by digging into the federal financial disclosures. on the 2016 disclosure he looked at who trump listed as owner of each of the more than 500 assets. it was trump. >> trump is at the center. he owns bits and pieces and all of hundreds of corporations. and llcs. >> the 2017 assets. there were changes. >> he took all of the ownership stakes and transferred them to six different corporations and llcs. on paper he can point to the disclosure and say i'm not longer listed as owner and he would be right on paper. >> not in reality. because he traced all six entities to the president trust. >> which is made to benefit him.
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he can take money from it any time. >> any time. and this document proves that. first uncovered the page says the trustee shall distribute net income to trump as his request. the president has been able to withdraw money since the beginning of presidency. it means people who want to influence the president have places to try. >> if you want to influence trump. you can go to the trump city.national hotel in new york go to the hotel in d.c. he has golf clubs and hotels. all over the world. >> india. >> as for the condos in india. people are putting deposits on them right now. >> maybe these are people who want to buy condos. or who want to influence the president. >> that is up next.
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india is the biggest country for president trump's businesses outside the united states. >> there's five active projects there now. >> reporter: five. all licensing deals. four are actively selling condos. including this project. it's promising unprecedented amenities. in the poor city run by the communist party until a few years ago. this project in mumbai. elevators roll up and down the building being sold as ultra luxury. >> anybody can pay tens of thousands of dollars maybe these are people that want to buy really nice condos. or maybe they want to influence the president. a few dozen names have come up of people taking out mortgages in the apartment. last year the president's son. donald trump. met with some of the buyers who are buying the condos. full page ads. advertising if you put down the down payment of $39,000, on an apartment, you could also meet
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donald j. trump and have dinner. it raised concerns about ethics of this marketing move. this is what real estate developers do. yes. but this is a real estate business run by the president of the united states family. >> reporter: journalist spent more than a year investigating trump projects in india. what she found is deeply concerning. >> india particularly when it comes to real estate has this reputation for being very corrupt. >> which don jr. appeared to acknowledge at a conference there. >> there's an entrepreneurial spirit here. that is -- >> in order to make just a simple warehouse in a city like mumbai. you need 40 different permits.
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each step what helps facilitate the process or moves it along to get it to move faster. so you're not waiting years. is a bribe. >> every other country goes in and do what they have to do. >> paying bribes in foreign countries can be a violation of the foreign corrupt practices act. the law makes it a crime in the united states for american businesses to knowingly pay bribes to foreign government officials. not only is trump on record against it. >> it's a horrible law. it should be changed. >> he's specifically against it in india. >> it's fine for india to prosecute. but for this country to prosecute because something took place in india is outrageous. >> government reforms cut back on corruption in india. consider this context. >> two of the trump organizations largest partners in india have been under investigation for money laundering. but different agencies of the indian government. >> both investigations stalled after trump became president.
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>> it could be because donald trump who is the business partner is suddenly now president of the united states. or it could be something internal within india. both partners have close ties as someone who knows the does that cause concern? >> it would cause concern. if you have a relationship with what you call a politically exposed person. someone who is in government. you want to make sure where did they get this money. >> a trump organization lawyer told the "washington post" that any blemishes on the partner are not reflective of the portfolio as a whole. and the allegations against the india partners aren't connected to business done with trump. india isn't the only place where trump is involved with partners who with ties to foreign government.
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>> conditions in russia led to a need for russians to be able to get their money out of the country and park it somewhere. he traveled for years with a convicted felon. russian born felon. >> he had an office in trump tower and instrumental to the trump organization effort when the trumps were trying to build a tower in moscow. he is the man who suggested trump offer russian president vladimir putin a $50 million penthouse in the building. which could be illegal under the fcpa. >> if you're going to try to give vladimir putin into the penthouse of a tower you want to build in moscow. that could be a violation. >> in order to obtain a business advantage. >> then the former soviet republic with the booming oil and gas industry. post independence. >> the bulk of that money is flowing into the pockets of five or six oligarchs and former soviet officials. >> a licensing deal made with
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the son and brother of the nen transportation minister. according to the new yorker. a contractor there told the magazine contractor were often paid in cash. >> they were paying duffel bags with cash. to the contractors. millions of dollars in cash. which is of course about as big warning sign. red flags. certainly you're dealing with a government official. and doing business in the country that scores very poorly on the transparency index. you have a reason to take extra due diligence. >> the trump organization attorney told the new yorker that the company did do due diligence for the project. but wouldn't provide details. trump cancelled the deal a month after the election. the same attorney turned it house cleaning. ahead, the most infamous trump business. trump university. >> paid in full by credit card.
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>> credit card. thanks to move free ultra. i keep up with this little one. see the world with this guy. and hit the town with these girls. in a clinical study, 4 out of 5 users felt better joint comfort. move free ultra. movement keeps us connected. [spanish recording] so again, using "para", you're talking about something that is for someone. ♪ pretty good. could listening to audible inspire you to start something new? download audible and listen for a change.
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♪ memories. what we deliver by delivering. to save 30% on all the medications we carry. so go directly to petmeds.com now. on television, donald trump was the king dealmaker. and the kingmaker. off screen, thousands answered ads like these hoping to learn trump's secrets. one was named beth wood. >> "the apprentice" was on.
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and we have been seeing him held up and touted as this amazing real estate person. so i thought, it's a free seminar. i'll go across town and see what he has to say. so "the apprentice" influenced you. in the sense that that image that was portrayed. >> absolutely. >> reporter: she spent 20 years in it at assistant analyst. in to 2010 she was newly retired and studying real estate. >> what was the pitch. >> they showed a video of donald trump. saying that he was going to reveal the secrets of real estate. that how to make you successful in real estate. like he was. and he would do this with his hand picked, hand verified, personal selected instructors. >> all people that are hand picked.
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by me. >> reporter: that wasn't true. it would eventually come out as lawsuits were filed. >> in deposition he said, no, i might have looked at a few resumes. but had nothing to do with picking the people. >> in the spring of 2010, beth didn't know that. >> i stood as this counter of people and signed up on the trump form. which said trump university. and here's the quick start class. >> nearly $1,500. paid in full by credit card. then came the gold elite membership plan. nearly 35 grand. also on a credit card. >> the gold elite membership plan was supposed to be trump's fabulous personal mentoring. of your real estate career. >> put proven secrets to work.
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>> it was a marketing scheme. people were signing up with no real means to pay for it. >> it's estimated that trump university brought in about $40 million. and trump got around $5 million. >> eventually there were lawsuits and it was a big money loser for trump. >> when they settle. the problem with settler when you settle, everybody sues you. >> after he won the election. he settled. for $25 million. >> we got back around 35,000. >> that's just a quarter of what she says she lost. 70 grand on seminars and webinars and 80 grand on rental properties recommended by her trump university mentor. >> i hold donald j. trump personally responsible for this scam. >> how has your life changed because of trump university? >> completely. we are renting. we would like a house.
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the down payment and the monthly payments are going to be too much when we retire. my husband is 70. he would like it retire some day. >> at the same time students like beth wood were getting soaked, donald trump was busy selling, well, everything he could. he licensed his name for the dress shirts and ties that sold in macy's. bottled water. blankets. games. there was even a personalized vitamin kit with urine test. and of course the steaks. >> trump steaks by far the best tasting, most flavorful beef you have had. >> how did this happen? >> he's always on the hunt for cash. he's not a wealth creator. but a cash extractor. we needs to have cash to build up his name. "celebrity apapprentice" and th smart marketing is ways for him to make money.
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>> reporter: one way takes no effort at all. trump makes $175 million annually from rent of commercial buildings he owns or partially owns. beginning in 2006, the trump organization spent serious effort and serious money building up a golf empire. >> one, two, three. >> reporter: the bulk of his 17 courses, including this one in turnberry, scotland, were purchased by the trumps between 2006 and 2014, during a very unusual spending spree, uncovered by reporters at "the washington post". >> over the next nine years, trump spent about $400 million in cash on real estate. and 14 of those transactions were all in cash. >> reporter: cash. a stunning discovery for many reasons. mostly because all-cash deals are rarer than holes in one. >> it's unusual in the real
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estate world to make purchases all-cash in that much money. >> i never saw him use his own money to be honest with you. >> reporter: when it comes to development, taking loans or partners spreads the risk. >> i'm the king of debt. >> he didn't borrow money. he has no partners that we know of. >> reporter: no partners that we know of. where did the money come from? >> eric trump told us that he was in a position where it was cash-heavy in the recession. barbara res is skeptical. >> reporter: and eric explained the money differently. >> i said, eric, no bank would
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touch a grsolf course. he said, we have all of the funding we need out of russia. >> reporter: according to eric, this story is completely fabricated. up next -- >> in seven days of this letter they needed $2,500 in their possession. >> a letter, a lawsuit and a decision. it's a revolution in sleep. the sleep number 360 smart bed is on sale now during our memorial day sale. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to hit the ground running. only at a sleep number store. save $1,000 on the new queen sleep number 360 special edition smart bed, only $1,799. plus, 0% interest for 36 months. ends monday. sleep number. proven, quality sleep.
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there were smoking sections on airplanes, in restaurants. and then gradually it got to be where it wasn't anywhere. it's not part of the social norm anymore, it's not accepted. i was at a party this summer and there wasn't a single person smoking. even in my own home, i had my own designated space to smoke. if i think about it, it really was like i was punishing myself. it was really a friend of mine that said, why wouldn't you just try the juul. and i thought hmm... ok, i'll try it. and so i went out and i bought one. the idea of going back to smoking is...
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>> it's been a decade since sandra felt duped by donald trump. it was 2008. the international housing crisis was coming to a boil and she felt that something was wrong with trump resort baja, mexico. >> we went down there one saturday and the office was closed and there was no furniture was left inside. you start getting emotional. no, nothing is wrong. >> reporter: within weeks, two letters. >> this letter was the first time we heard the trump brand name and the trump this and the developer that. licensed. >> reporter: it read, trump marks baja llc has elected to terminate the agreement. the baja project will not be able to proceed. she felt stunned and deceived.
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>> what? >> reporter: the market sunk the project. but she believed trump, the dalemaker she saw on "celebrity apprenti apprentice" was steering the ship. buyers had an obligation to read the fine print. >> it's incumbent upon anyone to read the documents. >> reporter: in the fine print, someone else is identified as the developer of the property. but the fine print is not all that matters. >> what are the representations made? are they close to true? and are they material? are they relevant to a decision that a buyer of the property might make? and here, it would seem like they are material and they are false. >> so, then, the next step is,
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what are we going to do now? where is our money? where did our money go? nobody is returning our calls back. we wanted our money back. and then somehow, a law firm called us. many people were getting together. would you like to be included? of course, we want to be included. >> reporter: soon after -- >> dear perspective client, in seven days, we need $2,500 in their possession, to move forward. we wadidn't want to pay $2,500 r a lawsuit. we didn't have the money. >> reporter: they didn't sign on, but scores of people did, filing suit against trump and the real developer. the case was settled out of
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court. >> i don't know how much everybody got. >> reporter: the settlement came with a confidentiality agreement. they are everyone where in trump world. settlements. licensing deals. it's one thing that makes it difficult for journalists to get answers to their questions. what mystery about trump's businesses do you most wish you had the answer to? >> we know the russians have put money into trump. we know the saudis have put money into trump. i want to know if he is compromised. these might be legitimate investments. >> there's so much we do know. right? but he hasn't released his tax returns. >> he has properties in india, and the middle east. who is buying in. >> i would want to know any of the loans to any of his
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businesses. >> they spent a lot of cash in the nine years before he became president. i would love too see where that money came from. >> is there any money behind this man? or is it all debt? >> what steps did he take to prevent fraud in his business? >> there's so much we don't know, we can't know if his policies are on his personal aims or his stated interest. that's what keeps me up at night. >> reporter: the way to answer all these questions is for the president to show his earnings, his partners, his debts, his tax returns. but the opposite is happening. trump is suing two banks and a congressional committee to keep his witnesses secret. and as long as they are ridden,
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we will never know if the person at the head of the united states of america, is working for the peop peoples' interest or his own. just moments ago the u.s. president landed in japan, set to meet with the nation's prime minister and new emperor. cnn has a live report ahead for you. also this hour, the race to replace theresa may. could the new british prime minister be a man compared to president trump? also ahead this hour, a human traffic jam on mount mt. t creating deadly conditions there. >> and we're coming to you live
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