Tag

#real-estate

Outside the grading scale: Pre-Office Conduct

Trump SoHo: Condo Buyers' Fraud Suit Settled; Criminal Inquiry Dropped After Kasowitz Visit

To close sales, a condo-hotel needs a share of its units sold; buyers alleged that the Trump SoHo's sellers inflated the number. Their August 2010 suit called it a 'substantial and ongoing pattern of fraudulent misrepresentations and deceptive sales practices.' In late 2011 the Trumps and their partners settled, returning 90 percent of the deposits plus fees, and the buyers agreed not to cooperate with prosecutors unless subpoenaed. In May 2012 Kasowitz met District Attorney Cyrus Vance Jr.; the office dropped its case against Ivanka Trump and Donald Trump Jr. Vance said the donations had no influence.