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EnsenadaDr
Banned
Posts: 5027
Registered: 9-12-2011
Location: Baja California
Member Is Offline
Mood: Move on. It is just a chapter in the past, but don't close the book- just turn the page
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Trump's Baja Disaster
I know I posted this question on another Baja site, but I still never got an answer. What happened to all the money that was invested in Trump's Baja
Disaster north of Rosarito? I met a gentleman who said he was working for a homeowner's association and was staying at Real Del Mar for two weeks
right after the first tower was sold out. He told me a Canadian company that had been very successful in Waikiki sponsored the Trump Baja project,
but obviously many lost their retirement savings buying a unit, could say this was maybe worse than the Punta Banda fiasco. He said that the towers
were going to have to build their own sewage treatment plant, and this was part of the reason for the Towers' demise. I know the area always smells
like sewage when I drive by there. Did anyone that paid for a unit ever get their money back? Was there ever a criminal prosecution of the company?
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ligui
Senior Nomad
Posts: 837
Registered: 2-9-2008
Location: Fraser co.
Member Is Offline
Mood: love Baja !
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Trump is a Disaster 
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greengoes
Select Nomad
Posts: 10289
Registered: 6-27-2011
Member Is Offline
Mood: Today I slay the Red Dot.
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| Quote: | Originally posted by EnsenadaDr
Did anyone that paid for a unit ever get their money back? Was there ever a criminal prosecution of the company? |
Last I heard, no and no. There are some law suits pending in the states as one of the sellers was a US based company.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Trump is a manipulating Con Artist
"Hey Trump!"
"You're Fired!"
A Lot To See And A Lot To Do
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Ateo
Elite Nomad
Posts: 5901
Registered: 7-18-2011
Member Is Offline
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I always wondered who would buy into that place when it stunk like human feces.
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KASHEYDOG
Senior Nomad
Posts: 649
Registered: 2-21-2007
Location: CARLSBAD,CA 619-990-0270
Member Is Offline
Mood: SO MANY TACOS, SO LITTLE TIME... Gotta Go, See ya there.... 
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Trump Sued For $10 Million Over Never-Built CondosTrump Sued For $10 Million Over Never-Built Condos 2 0
--------------------------------------------------------------------------------
Posted on MAR 08, 2010 @ 01:45PM print it send it WENN.com
A group of seven individuals filed suit against Donald Trump, Donald Trump Jr., Ivanka Trump and others for fraud, negligence, accounting and other
counts regarding a hotel condominium complex in Baja.
The plaintiffs are seeking at least $10 million dollars in damages.
In court documents obtained by RadarOnline.com, the lawsuit states, "Plaintiffs are a group of individuals who were duped into buying
hotel-condominium units that were never built. With the complicity of defendants, the developers of the units depleted Plaintiff's deposits - even
though they never broke ground on the project, much less obtained the necessary building permits or construction loans.
DOCUMENTS: Read The Lawsuit Here
"The Trump Defendants falsely led Plaintiffs to believe that they were financial backers of the project, known as the "Trump Ocean Resort Baja. The
project was located in northern Baja California, Mexico - a 30 minute drive from downtown San Diego, CA."
The resort was to have consisted of 526 suites and cost approximately $200 million dollars. It was supposed to include a spa, swimming pool,
restaurants and shops. According to the lawsuit, the project "failed. Today the project site shows little sign of construction other than a large
excavation with six cement pads at the middle of the site."
The plaintiffs say that Trump's involvement wasn't what they were led to believe, "contrary to what plaintiff's believed, Trump had only licensed the
use of his name to the project and was not involved as an equity partner and had never invested any of his own money in the project."
The docs also state that Trump Ocean Baja had its own Web site, which is now defunct, and that the project was featured on Trump.com and that it has
now been removed.
The plaintiff's also charge that Donald's adult children, Ivanka and Donald Jr., were used to promote the project. Furthermore, the suit alleges about
Ivanka Trump, "when various plaintiff's questioned Ivanka with regard to whether Trump was merely licensing his name to the project, Ivanka denied the
same and replied that Trump was a developer and held an equity interest in the project."
Don\'t mess with the old dog...... Age and skill will always overcome youth and treachery! Brilliance only comes with age and
experience.....  ....  ....
Are you getting the most out of life OR is life getting the most out of you ?? 
Twenty years from now you\'ll be more disappointed by the things you didn\'t do then the things you did.
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KASHEYDOG
Senior Nomad
Posts: 649
Registered: 2-21-2007
Location: CARLSBAD,CA 619-990-0270
Member Is Offline
Mood: SO MANY TACOS, SO LITTLE TIME... Gotta Go, See ya there....
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Donald Trump objects to settlement reached over Tijuana project
A developer of a failed condo resort in Tijuana that used Trump's name has agreed to pay $7.25 million to investors who lost deposits.
October 03, 2012|By Stuart Pfeifer, Los Angeles Times
A billboard about 10 miles south of the U.S. border advertises the Trump… (Don Bartletti, Los Angeles…)
Investors who lost millions of dollars when a Donald Trump condominium project in Baja California failed during the economic meltdown are going to get
some of their money back — over Trump's objections.
A developer of the Tijuana resort agreed to pay $7.25 million to settle a lawsuit brought by 190 buyers — many of them from Southern California — who
lost $22 million in deposits after the project failed in 2008.
Don\'t mess with the old dog...... Age and skill will always overcome youth and treachery! Brilliance only comes with age and
experience..... .... ....
Are you getting the most out of life OR is life getting the most out of you ??
Twenty years from now you\'ll be more disappointed by the things you didn\'t do then the things you did.
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QUETZALCOATL
Nomad
Posts: 118
Registered: 8-1-2012
Location: coming from or going to Baja
Member Is Offline
Mood: nublado
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Off topic some- I went to New York military academy for high school and so did Donald, but I went into the military after where as looking back-he
kicked my butt financially-so for you young people its not always best to buy into duty, honor country.
[Edited on 12-5-2012 by QUETZALCOATL]
in otin ihuan in tonalin nican tzonquica-Aztec saying for \"here ends the roads and the days\"
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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| Quote: | Originally posted by QUETZALCOATL
Off topic some- I went to New York military academy for high school and so did Donald, but I went into the military after where as looking back-he
kicked my butt financially-so for you young people its not always best to buy into duty, honor country.
[Edited on 12-5-2012 by QUETZALCOATL] |
No thanks......I am glad I did my Duty, Honor, Country. Wouldn't trade that for anything. Not even Donald's $$$
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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| Quote: | Originally posted by KASHEYDOG
Donald Trump objects to settlement reached over Tijuana project
A developer of a failed condo resort in Tijuana that used Trump's name has agreed to pay $7.25 million to investors who lost deposits.
October 03, 2012|By Stuart Pfeifer, Los Angeles Times
A billboard about 10 miles south of the U.S. border advertises the Trump… (Don Bartletti, Los Angeles…)
Investors who lost millions of dollars when a Donald Trump condominium project in Baja California failed during the economic meltdown are going to get
some of their money back — over Trump's objections.
A developer of the Tijuana resort agreed to pay $7.25 million to settle a lawsuit brought by 190 buyers — many of them from Southern California — who
lost $22 million in deposits after the project failed in 2008. |
All of those investor clowns could have been living the dream here in Baja if they were not into trying to outdo each other and live in a "Trump"
development.......guess they got "trumped".........................same thing is gonna happen to anyone who buys into the PR BS regarding Tiger Wood's
Punta Brava............never going to be built. Still waiting for Tiger to complete his first project.
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EnsenadaDr
Banned
Posts: 5027
Registered: 9-12-2011
Location: Baja California
Member Is Offline
Mood: Move on. It is just a chapter in the past, but don't close the book- just turn the page
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Thanks Dick, I wonder who that company was. Guess I could Google it since your source was so current, there should be some information on it.
| Quote: | Originally posted by KASHEYDOG
Donald Trump objects to settlement reached over Tijuana project
A developer of a failed condo resort in Tijuana that used Trump's name has agreed to pay $7.25 million to investors who lost deposits.
October 03, 2012|By Stuart Pfeifer, Los Angeles Times
A billboard about 10 miles south of the U.S. border advertises the Trump… (Don Bartletti, Los Angeles…)
Investors who lost millions of dollars when a Donald Trump condominium project in Baja California failed during the economic meltdown are going to get
some of their money back — over Trump's objections.
A developer of the Tijuana resort agreed to pay $7.25 million to settle a lawsuit brought by 190 buyers — many of them from Southern California — who
lost $22 million in deposits after the project failed in 2008. |
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EnsenadaDr
Banned
Posts: 5027
Registered: 9-12-2011
Location: Baja California
Member Is Offline
Mood: Move on. It is just a chapter in the past, but don't close the book- just turn the page
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objects to settlement?
Why would Trump object to the settlement? It's been years!!! | Quote: | Originally posted by KASHEYDOG
Donald Trump objects to settlement reached over Tijuana project
A developer of a failed condo resort in Tijuana that used Trump's name has agreed to pay $7.25 million to investors who lost deposits.
October 03, 2012|By Stuart Pfeifer, Los Angeles Times
A billboard about 10 miles south of the U.S. border advertises the Trump… (Don Bartletti, Los Angeles…)
Investors who lost millions of dollars when a Donald Trump condominium project in Baja California failed during the economic meltdown are going to get
some of their money back — over Trump's objections.
A developer of the Tijuana resort agreed to pay $7.25 million to settle a lawsuit brought by 190 buyers — many of them from Southern California — who
lost $22 million in deposits after the project failed in 2008. |
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EnsenadaDr
Banned
Posts: 5027
Registered: 9-12-2011
Location: Baja California
Member Is Offline
Mood: Move on. It is just a chapter in the past, but don't close the book- just turn the page
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Interesting, I always heard Trump had merely used his name to promote the project, maybe they are now saying he was actually part of the project so he
could contest the settlement amount!! What a low life. | Quote: | Originally posted by KASHEYDOG
Trump Sued For $10 Million Over Never-Built CondosTrump Sued For $10 Million Over Never-Built Condos 2 0
--------------------------------------------------------------------------------
Posted on MAR 08, 2010 @ 01:45PM print it send it WENN.com
A group of seven individuals filed suit against Donald Trump, Donald Trump Jr., Ivanka Trump and others for fraud, negligence, accounting and other
counts regarding a hotel condominium complex in Baja.
The plaintiffs are seeking at least $10 million dollars in damages.
In court documents obtained by RadarOnline.com, the lawsuit states, "Plaintiffs are a group of individuals who were duped into buying
hotel-condominium units that were never built. With the complicity of defendants, the developers of the units depleted Plaintiff's deposits - even
though they never broke ground on the project, much less obtained the necessary building permits or construction loans.
DOCUMENTS: Read The Lawsuit Here
"The Trump Defendants falsely led Plaintiffs to believe that they were financial backers of the project, known as the "Trump Ocean Resort Baja. The
project was located in northern Baja California, Mexico - a 30 minute drive from downtown San Diego, CA."
The resort was to have consisted of 526 suites and cost approximately $200 million dollars. It was supposed to include a spa, swimming pool,
restaurants and shops. According to the lawsuit, the project "failed. Today the project site shows little sign of construction other than a large
excavation with six cement pads at the middle of the site."
The plaintiffs say that Trump's involvement wasn't what they were led to believe, "contrary to what plaintiff's believed, Trump had only licensed the
use of his name to the project and was not involved as an equity partner and had never invested any of his own money in the project."
The docs also state that Trump Ocean Baja had its own Web site, which is now defunct, and that the project was featured on Trump.com and that it has
now been removed.
The plaintiff's also charge that Donald's adult children, Ivanka and Donald Jr., were used to promote the project. Furthermore, the suit alleges about
Ivanka Trump, "when various plaintiff's questioned Ivanka with regard to whether Trump was merely licensing his name to the project, Ivanka denied the
same and replied that Trump was a developer and held an equity interest in the project." |
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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The plaintiff's also charge that Donald's adult children, Ivanka and Donald Jr., were used to promote the project. Furthermore, the suit alleges about
Ivanka Trump, "when various plaintiff's questioned Ivanka with regard to whether Trump was merely licensing his name to the project, ........Ivanka
denied the same and replied that Trump was a developer and held an equity interest in the project.".........
Looks like his hands were dirty, according to his daughter.....
[Edited on 12-5-2012 by bajaguy]
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greengoes
Select Nomad
Posts: 10289
Registered: 6-27-2011
Member Is Offline
Mood: Today I slay the Red Dot.
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Trump isn't whining. The company that slid in and got him to merely put his name on it agreed to settle for about thirty cents on the dollar to those
who filed suit. What was the total number of units sold? Is 190 all or a portion who got the judgement.
Sol said the odds of collecting a dime from the developer are slim to none.
Edit for bringing up Punta Brava.
I love that 'proposed' project, it keeps the Cats busy following the progress after it was unequivocally announced the work is starting Octubre, 2011.
[Edited on 12-5-2012 by greengoes]
ANUNCIATE AQUI
DISPONIBLE
INFORMES LLAMA SNOWBALL - 646-115-7754
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EnsenadaDr
Banned
Posts: 5027
Registered: 9-12-2011
Location: Baja California
Member Is Offline
Mood: Move on. It is just a chapter in the past, but don't close the book- just turn the page
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Greengoes, I don't think you read Kashey Dog's very informative article that states specifically that Trump's children claim they were in on this from
the start. So, no one "slid" Trump's name in on the project. BTW, who is Sol? | Quote: | Originally posted by greengoes
Trump isn't whining. The company that slid in and got him to merely put his name on it agreed to settle for about thirty cents on the dollar to those
who filed suit. What was the total number of units sold? Is 190 all or a portion who got the judgement.
Sol said the odds of collecting a dime from the developer are slim to none. |
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greengoes
Select Nomad
Posts: 10289
Registered: 6-27-2011
Member Is Offline
Mood: Today I slay the Red Dot.
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| Quote: | Originally posted by EnsenadaDr
Greengoes, I don't think you read Kashey Dog's very informative article that states specifically that Trump's children claim they were in on this from
the start. So, no one "slid" Trump's name in on the project. BTW, who is Sol? |
Get a coffee Doc, kick that comprehension up. The developers went to Trump Inc., ran a ramadula to some division to get the rights to use the Trump
name by paying for the privilege. So yea, they were in at the start. It wasn't their brain fart to build this dream location condo.
Trump isn't paying the judgement, the developers are which happens to be a separate entity from Trump Inc.
Sol is my in house bookie....
ANUNCIATE AQUI
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greengoes
Select Nomad
Posts: 10289
Registered: 6-27-2011
Member Is Offline
Mood: Today I slay the Red Dot.
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| Quote: | Originally posted by EnsenadaDr
I am not Jewish, Greengoes, so what do expect when it comes to Finances fro me? |
What a person's religion is has no correlation on their financial and legal understanding. Try using google to find the best financial and legal
minds, dead or alive. I am sure you will find a wonderful and most surprising diversity.
Careful, your slip is showing.
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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| Quote: | Originally posted by EnsenadaDr
I am not Jewish, Greengoes, so what do expect when it comes to Finances fro me? |
Sounds like a stereotypical racist comment
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EnsenadaDr
Banned
Posts: 5027
Registered: 9-12-2011
Location: Baja California
Member Is Offline
Mood: Move on. It is just a chapter in the past, but don't close the book- just turn the page
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It was a compliment to the Jewish race, they are known successes in the movie business and making money. I dated several Jewish men in my life, and
have nothing but respect for them. Sounds to me like there is little room for a sense of humor and levity. | Quote: | Originally posted by bajaguy
| Quote: | Originally posted by EnsenadaDr
I am not Jewish, Greengoes, so what do expect when it comes to Finances fro me? |
Sounds like a stereotypical racist comment |
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