Ivanka Trump, along with other family members of the Trump organization, fooled real estate investors and buyers in front of the first subsidiary and often profited from the looming business, according to a new investigation report.
Ivanka Trump in press conferences and interviews overstocks real estate Trump's organization in Panama, New York City's SoHo neighborhood and Toronto, and suggested that she be a developer in a project in Baja, Mexico, according to ProPublica and WNYC in an investigative report was released on Wednesday.
These statements were not just the legendary Trump hype; they misled potential buyers about the feasibility of the developments, "the report said.
In Panama City, the Trumps were involved in the construction of the Trump Ocean Club tower and hotel complex, and Donald Trump gave his daughter, then in her midst, 1
In an interview In November 2008, Ivanka Trump boasted that she had sold 40 units in Panama the previous month. "It's a 1,000-unit building, we sold over 90 percent of it," she said, adding that the units received a "500 percent premium over anything the luxury market has ever experienced before we joined."  Three months later, Moody's reported that only 79 percent of the units had been sold. Data released by Panama Securities showed that the units were about 130 percent premium, rather than 500 percent, of comparable luxury properties.
Ivanka Trump also hid the fact that the ratings for the Trump Ocean Club bonds fell in February 2009, according to the report
"Given the global downturn, the fact that sales remain so robust is evidence of the product , the brand and Panama, "she told the Latin Business Chronicle . "Our biggest problem is not enough inventory, we only have a small percentage of the building."
The Trump Ocean Club opened in July 2011, nearly a year late due to construction delays and cost overruns. Ivanka Trump is said to have chosen the design surfaces and to look for the "Sky lobby". She claimed in 2008 that she was involved in "every aspect" of Trump's new construction projects.
"[A] Much of what I do is being involved in the acquisition process, the potentials, and then the initial due diligence process, but of course I follow the deals through to pre-development planning, Design, interior design, architectural design, sales and marketing, and finally, through operations, "she said.
Trump Ocean Club went bankrupt and the name Trump was ousted from the property.
With the Trumps SoHo Tower, Ivanka Trump told reporters in June 2008 that 60 percent of the units had sold when the number was actually 15 percent, a partner's affidavit showed. The Manhattan district attorney's office investigated possible criminal charges, but eventually decided not to pursue them after a visit by Don Caspar's personal lawyer Marc Kasowitz. Kasowitz was a donor to the Manhattan district attorney, Cyrus Vance, who had denied being influenced by this fact.
Ivanka Trump also seduced parties in a Toronto estate, according to the report, claiming it was "virtually sold out" 24.8 percent of the units had disappeared from the market, a request by developers for bankruptcy in 2016. [19659002LiketheTrumpOceanClubtheSoHoandTorontoprojectswerebuilttoseekbankruptcyandgetridoftheTrumpnameProjectBajaIvankaTrumpata2007saleseventsaidtheTrumporganizationwasadeveloperandtriedtouseaunitshebuystoattractotherbuyers
"Personally, I'm very excited about it, I actually decided to buy a unit in the first tower," she said in a promotional video. But according to the report, it paid less than half of the 30 percent down payment that other investors received.
The Trump organization did not respond immediately to a request for comment from Newsweek on Wednesday. 19659002] As the first daughter and adviser to the White House, Ivanka Trump still has problems from her past business. The disclosure forms released in June showed that she and her husband Jared Kushner became wealthier last year but also had more debt.
In July, Ivanka Trump closed her eponymous fashion brand, apparently out of frustration over the restrictions she had put on the company to avoid conflicts of interest with her government work.