Notarized letter guardianship3/18/2024 Donald trailed after Fred through the crowd until finally Fred located the DNC official with whom he had arranged his donation. They were among his closest friends, some since the 1930s and 1940s. He had helped make many of the New York politicians there. Photograph: Ron Galella Collection/Getty Imagesįred was hardly an outlier among the powerful at Krim’s townhouse. View image in fullscreen Donald Trump with his father, Fred, in 1988. Fred’s hopes devolved on to his second son. Fred and Donald derided Fred Jr as a loser. Fred had ordered his sons to be “killers”. Resisting Fred’s pressure, Fred Jr had gone off to become an airline pilot, only to become an alcoholic, and was at the moment living in the top floor of the Trump home in Queens. His older son, Fred Jr, his namesake, had sorely disappointed him. Now he thought he might harness Donald to be useful to the family business.įred bought a new Cadillac every two years and he wanted Donald to be more than the equivalent of a hood ornament. He had dispatched the unruly Donald to a military academy in his early teens hoping he would learn to conform. Fred was self-disciplined, meticulous down to his monogrammed shirts and cufflinks, and brutally demanding. He had the arrogance and complacency of a pampered heir who wouldn’t have to claw his way upward.ĭonald was uncontrollable and Fred was controlling. He was intent on conquering the heights of Manhattan, making all the money in the world, basking in the glow of fame and being ushered past the rope line into the pulsating clubs with the celebrities and the models. But he was restless being sent as his father’s rent collector. She was the granddaughter of Barney Pressman, who had founded the Barney’s department store.ĭonald Trump had been working out of his father’s nondescript office on Avenue Z in Brooklyn. Between them stood an unsmiling Louise Sunshine, Fred’s executive vice-president of the Trump Organization, his all-purpose lobbyist, and finance co-chair of the New York Democratic party. Donald posed for a photo with the president. The Trumps mingled there with Governor Hugh Carey, Mayor Abe Beame, Senator Daniel Patrick Moynihan and John Glenn, Hubert Humphrey and Vice-President Walter Mondale. The Trumps’ high-dollar donation got them an invitation to the exclusive party at the Upper East Side home of the dinner’s organizer, Arthur Krim, the chair of United Artists. The political, corporate and social cream of the city were present to toast Jimmy Carter. In 1977, Fred Trump and Donald Trump reached a pinnacle of acceptance: they were listed as sponsors on the invitation for New York’s Salute to the President, a fundraiser for the Democratic National Committee held in the ballroom of the Waldorf Astoria. There was no Trump Organization apart from the Democratic organization of Brooklyn. Fred Trump had made his fortune through the Democrats. The hundreds of millions that Fred Trump bestowed on his son could not prevent him from steering the family legacy on to the rocks. “When confronted at trial with the statements, defendants’ fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences … Their complete lack of contrition and remorse borders on pathological.” “In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements,” the judge wrote in his decision. The Trump brand is now adjudicated to be synonymous with fraud and failure. “New York means business in combating business fraud,” the judge stated in his decision. His sons – Donald Jr and Eric, executives of the company – are barred for two years. He is suspended for three years from doing business in New York. For his financial fraud, Donald Trump must pay $355m in fines. Judge Arthur Engoron’s ruling on Friday concludes the nearly century-long history of the Trump Organization in New York in disgrace and ruin.
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