Trump has a questionable financial record.Donald Trump’s Atlantic City casinos went through multiple bankruptcies over the years. Here are some key points:
- Trump Taj Mahal (1991): This was the first significant bankruptcy. The casino, which opened in 1990, was nearly $3 billion in debt by 19911.
- Trump Plaza (1992): This casino also filed for bankruptcy due to financial struggles1.
- Trump Hotels & Casino Resorts (2004): This company, which managed several of Trump’s casinos, filed for bankruptcy, affecting many employees’ retirement savings2.
- Trump Entertainment Resorts (2009): This was another restructuring effort to manage debt1.
In 1980, under pressure to begin construction on what would become his signature project, Donald Trump employed a crew of 200 undocumented Polish workers who worked in 12-hour shifts, without gloves, hard hats or masks, to demolish the Bonwit Teller building on New York's Fifth Avenue, where the 58-story, golden-hued Trump Tower now stands.
The workers were paid as little as $4 (£3) an hour for their dangerous labour, less than half the union wage, if they got paid at all.
Their treatment led to years of litigation over Mr Trump’s labour practices, and in 1998, despite frequent claims that he never settles lawsuits, he quietly reached an agreement to end a class-action suit over the Bonwit Teller demolition in which he was a defendant.
Donald Trump paid $1.375 million to settle case involving undocumented Polish workers, reveal documents | The Independent | The Independent
