Donald Trump Ordered To Pay $5.77 Million To Golf Club Members He Stiffed

[Miles Archer]

Source: Huffington Post

A Florida golf course owned by President Donald Trump has been ordered to immediately pay $5.77 million to former members who were denied refunds when the real estate mogul bought the club five years ago.

U.S. District Judge Kenneth Marra ruled that Trump National Golf Club in Jupiter violated contracts that members had signed with the previous owner and were assumed by Trump when he bought the club in 2012. The average payment is expected be about $87,000 for each of the 65 members involved in the case. The members were awarded $4.8 million, plus $925,000 in interest.

Members complained during an August trial that Trump had ripped them off and that they had lost millions of dollars, the Palm Beach Post reported.

Trump purchased the club from Ritz-Carlton for $5 million ― which was below market value ― with the understanding that he would honor up to $41 million in refundable membership deposits, according to testimony and documents presented in court, the Post reported.

Read more: http://www.huffingtonpost.com/entry/trump-ordered-to-pay-57-million-golf-club-members-he-stiffed_us_58956569e4b040613137232b?z3jvbtghvvss65stt9&

[underpants]

1. Dumb ass. Rich people have the means to get their money back.

[randome]

2. Not if you're fake rich and stupid, like Trump.

I wonder if he has that much money to lose.
[hr][font color="blue"][center]Meredith McIver approves of this post.[/center][/font][hr]

[Marthe48]

11. he'll try to get it from the U.S. Treasury

what a low life grifter

[DK504]

3. So how's this working out

with the emolument clause?

Doesn't seem to have put those papers through to the justice dept. just yet.

[Fred Sanders]

4. Trump was not above the law then and he is not now. Obey the judge Trump.

[Equinox Moon]

5. Gee, what a guy.

No wonder I want to throw up just looking at him. Actually, I don't look at him, I turn away.

Plus, I understand he can't read beyond a 4th grader. He never reads any contracts.

[Zambero]

6. Cough it up! Cough it up! Cough it up!

[LittleGirl]

7. So that's

about 50 million bucks he's had to cough up for screwing people right? 45 million to the Trump U students and now 5.7 more today.

He's a con man. I'm going to bring this up whenever those voters say give him a chance. fuck him.

[ProudLib72]

8. Any sign he has paid the tRump U students yet?

[riversedge]

9. I believe he did --saw an article on that just before his inaug.

[ProudLib72]

10. I just googled it

Didn't see anything about them actually being paid or a date by which they would have to be paid. Of course, the settlement was the big news, so it stands to reason they might not have followed up.

[progressoid]

12. Expect an executive order concerning the sale of golf courses.