Keeping an eye out: Former President Donald Trump arrives to speak at an event at Mar-A-Lago, Friday, November 18, 2022, in Palm Beach, Florida.onald Trump’s business attracted so much scrutiny during his time in office that it would be easy to conclude that all information about its foreign entanglements must be out by now. It is not.
Although the debt appeared on the Trump Organization’s internal paperwork, it did not show up on Trump’s public financial disclosure reports, documents he was required to submit to federal officials while running for president and after taking office. Trump’s former chief financial officer, Allen Weisselberg,in 2016 that his boss disclosed all debt connected to companies in which Trump held a 100% stake on the documents. That was not true.
Trump’s relationship with Daewoo dates back at least a quarter century. In 1997, the Korean firm signed a deal to partner with Trump on a black skyscraper near the United Nations named Trump World Tower. That project was successful enough that Daewoo continued to do business with Trump, using his name on six properties constructed in South Korea from 1999 to 2007.
“The system is kind of predicated upon people actually following a law because they want to follow the law.”