From suspicions of money laundering, to watching his name vanish from the building’s facade, President Donald Trump’s former property in Panama has long served as one of the main headaches for the president’s ongoing business struggles since his ascension to the presidency.
Now, an ongoing lawsuit threatens to open a new chapter in the saga of the former Trump Ocean Club property — and fresh questions about the building’s finances.
The building, over which Ivanka Trump helped oversee construction and development, transferred to new owners last year, with Trump’s name being removed wholesale from the building. Led by majority owner Orestes Fintiklis, the new owners recently filed a lawsuit in the Southern District of New York alleging that they’d uncovered financial records showing that the Trump Organization had spent years dodging Panamanian taxes.
View the complete July 2 article by Casey Michel on the ThinkProgess website here.