Comment on Fired by Panama condo owners, Trump demands $75 million

Fired by Panama condo owners, Trump demands $75 million

Trump’s claim alleged a criminal conspiracy to remove his management company from its unpaid position as building administrator for the luxury property in Panama City. The owners’ board of directors had accused Trump’s managers of repeatedly exceeding budgets, paying themselves bonuses without permission and improperly passing costs from the building’s Trump-controlled hotel. At a key vote in May, building investors and residents overwhelmingly rejected a Trump-backed proposal to recoup more than $2 million of building administration debt through a special assessment on the owners.

 

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