FBI investigators and others are looking at Russian purchases of apartments in Trump buildings, Trump’s involvement in a controversial SoHo development in New York with Russian associates, the 2013 Miss Universe pageant in Moscow and Trump’s sale of a Florida mansion to a Russian oligarch in 2008, the person said.
That real estate deal was from a property Trump bought in 2004 and then sold in March 2008. I love how this article seems to say Trump sold for nefarious reasons.
Another significant financial transaction involved a Palm Beach, Florida, estate Trump purchased in 2004 for $41 million, after its previous owner lost it in bankruptcy. In March of 2008, after the real-estate bubble had begun losing air, Russian fertilizer magnate Dmitry Rybolovlev bought the property for $95 million.
This was about the time when the government bailed out Bear Stearns. If these idiots remember that the market stabilized during that time. It wasn't until September 15 when the Feds let Lehman fail that tanked the market and froze up credit.
It looks like a good business move by Trump to buy a property from a bankrupt person and double his money in a few years. It just happened to be a rich Russian guy that did the deal. If the guy was a Saudi or Japanese person then it would be totally overlooked.
This fertilizer magnate (insert crass Colbert joke) just bought at the wrong time and Trump made a two bagger on the deal. So what? Is Trump in Russia's pocket for $54 million delivered a decade ago? That makes no sense at all.