New Trouble for Trump: His Company Is Accused of a Major Insurance Scam

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Exclusive: Two former insiders at Donald Trump's company say the company used shady business dealings to turn a freak storm into a seven-figure insurance payout:

One of the sources, a former Briarcliff employee, says superficial repairs were made to the damaged parts of the course. “The work was never completed,” the former employee says. “They basically band-aided it.” The Trump Organization had sought even more than the nearly $1.3 million that was paid out, but the insurer withheld a portion because the Trump Organization failed to produce the required receipts, the other source says.

The organization’s alleged insurance shenanigans at Briarcliff may help explain how the Trump Organization, year over year, took in more from insurance than it paid out in premiums. One of the sources said the company would routinely gather overinflated repair estimates, often from members of Trump’s clubs, that could be used to justify insurance claims.

The Trump Organization ultimately paid the town $50,000 to settle the lawsuit but, under the terms of the settlement, did not admit any wrongdoing, according to a copy of the settlement obtained in a request made under New York’s Freedom of Information Law. The settlement came on July 12, 2016, a few days before Trump accepted the Republican nomination for president.mounting legal problems

Calamari’s attorney, Nicholas Gravante Jr., says his client has neither been contacted nor subpoenaed by any New York authorities regarding anything related to insurance claims, adding that all of Calamari’s “duties at the Trump Organization have always been performed lawfully and ethically.

The nearly $1.3 million payout at the Briarcliff club was not the first time that the Trump Organization may have profited from an excessive insurance payout in the wake of a weather-related disaster. Six years earlier, in 2005, Trump received a $17 million payout for hurricane damage to Mar-a-Lago, the former president’s members-only club and current home in Palm Beach, Florida.

 

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Shocking. Proof there is no bottom.

Call me when he's actually in front of a judge

Who cares, nothing will ever happen to this fuck...

Another Rolling Shit Story trying to support their Far Left Hate Narrative with either the words 'Reportedly' or in this case as in numerous previous articles, 'Is Accused Of'... If you beat it into their heads long enough, maybe it will come true some day.

And not a thing will happen to him.

Everything he Does is a Scam!!

What isn't he being accused of? Yet still it all just rolls off of him and he's never indicted for anything.

Wasnt rolling stone about music at one point?

JAIL JAIL JAIL JAIL

Let the death of a thousand cuts continue...

weact2

How are the Oklahoma gunshot victims doing?

Trump is involved in ANOTHER scam?

Please stop reporting this 💩 People with mone & power never pay for their 'Shady Dealings' he is a life long grifter who will never be held accountable. This is pointless.

Blah blah blah…no one’s going to do anything about it

Rent free ….

ToddDomke I'm SHOCKED to learn there's gambling going on here at Rick's

… and this is what’s only being reported …. I’m sure there’s much, much more….

AH- GASP… ya kidding me? This is his norm…..

NoahShachtman And he’ll get away with this one too….because there is no one with the cajones to stop him!!

seth_hettena Mafia-style

RaeMargaret61 When are we going to start seeing some accountability?

NoahShachtman Meanwhile: Garland

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 /  🏆 483. in TH

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