Our republican President Donald Trump has been saying over and over again that he has no businesses that he is conducting or managing in Russia but his statements do not reflect his business ties to Russia outside of its territorial boundaries.
The following data represents only the latest out of a multitude of news stories regarding the president’s access of monies from Russian oligarchs and other sources. This Reuters’s report details information about several Trump Miami condominium properties like Sunny Isles and Trump International Beach Resort. It becomes obvious that Russian monies saved our president from the major losses he suffered between 2007-2009 because of the downward turn in the US real estate market due to the 2008 US recession.
President Donald Trump’s positive comments about Russia has not harmed these sales. While he has denied having investments in Russia, his successful sales record in Sunny Isles and other Trump-branded Florida communities show how Russians have invested in him.”
According to numerous sources, there are so many Russians living in the Sunny Isle resort located in the northeast section of Miami-Dade county, that the locals call it “Little Moscow.” The resort is on a barrier island bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west. In a few square miles, one can find caviar shops, and Russian delis. There are six condo skyscrapers in Sunny Isles carrying the Trump logo.”
For more regarding the criminal element, here is a link from a 3/7/17 Daily Kos report but it will have to be translated from the Russian text. Forbes.ru
On 3/17/17 Nathan Layne, Ned Parker, Svetlana Reiter, Stephen Grey and Ryan McNeill of Reuters posted an investigative piece, “A Reuters review found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida.”
During the 2016 presidential campaign, Donald J. Trump downplayed his business ties with Russia. And since taking office as president, he has been even more emphatic.
“But in the United States, members of the Russian elite have invested in Trump buildings. A Reuters review has found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida, according to public documents, interviews and corporate records.”
“The buyers include politically connected businessmen, such as a former executive in a Moscow-based state-run construction firm that works on military and intelligence facilities, the founder of a St. Petersburg investment bank and the co-founder of a conglomerate with interests in banking, property and electronics.”
“People from the second and third tiers of Russian power have invested in the Trump buildings as well. One recently posted a photo of himself with the leader of a Russian motorcycle gang that was sanctioned by the United States for its alleged role in Moscow’s seizure of Crimea.”
“The Reuters review of investors from Russia in Trump’s Florida condominium buildings found no suggestion of wrongdoing by President Trump or his real estate organization. And none of the buyers appear to be from Putin’s inner circle.”
“The tally of investors from Russia may be conservative. The analysis found that at least 703 – or about one-third – of the owners of the 2044 units in the seven Trump buildings are limited liability companies, or LLCs, which have the ability to hide the identity of a property’s true owner. And the nationality of many buyers could not be determined. Russian-Americans who did not use a Russian address or passport in their purchases were not included in the tally.” (The Feds are well aware that this is a popular method for laundering monies.)
“The review focused on Florida because the state has a large concentration of Trump-branded buildings, and determining the ownership of properties is easier there than in some other states. The resort town of Sunny Isles Beach, site of six of the seven Trump-branded Florida residential towers, stands out in another way: The zip code that includes the Sunny Isles buildings has an estimated 1,200 Russian-born residents, among the most in the country, U.S. Census data show.”
“Six of the seven properties were the product of an agreement the New York property magnate struck in 2001 with father-and-son American developers Michael and Gil Dezer. The six buildings operated by the Dezers in Sunny Isles would bear Trump’s name under a licensing agreement.”
“In an interview, Gil Dezer said the project generated $2 billion in initial sales, from which Trump took a commission. Dezer declined to say how large a commission, citing confidentiality agreements. Garten, the Trump Organization’s chief legal officer, said Trump’s income was a mix of flat fees and percentages but declined to disclose them.”
“Edgardo Defortuna, a leading Miami developer, estimated that Trump likely made between one percent and four percent in initial sale commissions, based on the standard fees paid on similarly branded projects. If so, Trump stood to reap a total of $20 million to $80 million in Sunny Isles.”
“He continues to make money from one of the six Sunny Isles buildings, however, according to disclosure forms Trump filed in the 2016 U.S. presidential race. The disclosure form states that Trump received between $100,000 and $1 million from a business called Trump Marks Sunny Isles I LLC. Dezer said these funds came from the Trump International Beach Resort, a hotel and condominium complex.”
‘Trump reported no income on his disclosure form from his seventh Florida property, the Trump Hollywood in the city of Hollywood. How much he has made over the years from that property’s 200 units is unclear. BH3, an investment fund which took over 180 units in a foreclosure sale, paid Trump a licensing fee of $25,000 for each unit, according to Daniel Lebensohn, a principal at the fund. If the remaining 20 units generated the same fee, Trump’s take would have been $5 million. Garten declined to confirm Trump’s commission.”
“Informed of the Reuters analysis of Trump’s Russian condo investors, two Democratic opponents of the president, Sen. Ron Wyden (D-OR) and Rep. Adam Schiff (D-CA), renewed their calls for greater disclosure of his finances.”
“While the president has denied having invested in Russia, he has said little or nothing about Russian investment in his businesses and properties in the United States or elsewhere,” said Rep. Adam Schiff, ranking Democrat on the House Intelligence Committee. “This should concern all Americans and is yet another reason why his refusal to release his tax returns should be met with considerable skepticism and concern.”
“Schiff, as well as two U.S. intelligence officials and one former senior law enforcement official who spoke on condition of anonymity, said the Russian government sometimes directs funding at prominent individuals in the United States and Europe in hopes of improving their perception of Russia. Reuters found no evidence of such an effort with Trump.
“The glimpse inside the condominium dealings offers a look at how the wealthy in Putin’s Russia use foreign property to stow cash.”
“One wealthy Russian buyer was Alexander Yuzvik. In 2010, he and his wife bought unit 3901 of Trump Palace in Sunny Isles for $1.3 million, according to Florida property records. The three-bedroom apartment has 2,100 square feet and panoramic views, according to an online real estate listing.”
“From 2013 to 2016, Yuzvik was a senior executive at Spetstroi, a state-owned company that has carried out construction projects at military facilities.”
“The Spetstroi website says the firm was involved in construction projects at the Moscow training academy of the FSB, Russia’s primary civilian intelligence service and successor of the KGB. Spetstroi also did construction work in the administrative building of the general staff of the GRU, Russia’s military intelligence service.”
“In a statement sent to Reuters, Spetstroi said Yuzvik worked there until he stepped down in March 2016.”
“Employees of some state-owned Russian companies are typically required to disclose their assets and income. Yuzvik and his wife filed a declaration for 2013. In that declaration, which is publicly available, they list only assets inside Russia. The Florida condo isn’t included.”
“Andrey Truskov, another Trump condo owner, is a founder and co-owner of Absolute Group LLC, a holding company involved in wholesale electronics, banking and property development, with projects in Moscow, London and New York. The wholesale electronic business is the biggest in Russia, an Absolute representative told Reuters. The company does not disclose its financial results.”
“Truskov bought apartment 1102 in the Trump Hollywood building for $1.4 million in 2011. The three-bedroom, 3.5-bath unit is 3,100 square feet, according to online real estate listings.”
“In a telephone interview, Truskov confirmed that he purchased the Trump Hollywood unit. He said the Florida apartment was the same price as a three-room apartment outside Moscow at the time, and Florida was a nice place to have a property. He said the purchase was a personal decision that had no connection with his business.”
“Several wealthy buyers were from Moscow and St. Petersburg, the country’s two largest cities, according to interviews in Russia, Florida public records and the Bureau Van Dijk company database Orbis. Among them: Alexey Ustaev, the founder and president of St. Petersburg-based Viking Bank, one of the first private investment banks established in Russia after the fall of Communism.”
“A donor to orphanages and chess clubs in St. Petersburg, Ustaev has received awards from the Russian Sports Ministry and the St. Petersburg chamber of commerce for his banking and charitable work, according to his biography on the bank’s website.”
“In 2009, Ustaev bought unit 5006, a 3-bed, 3.5-bath apartment in the Trump Palace complex in Sunny Isles, for $1.2 million in cash, according to Florida public records. Two years later, Ustaev bought another apartment, a penthouse unit, this time in the nearby Trump Royale condominium development, for $5.2 million.’
“Many of the Russian buyers were from the country’s provinces. One is Oleg Misevra, a wealthy coal magnate and former traffic police commander whose company’s main assets are in the Pacific island of Sakhalin in Russia’s Far East. He has caught Putin’s eye: At a 2010 regional meeting of Putin’s United Russia party, Putin praised Misevra’s work and held a lengthy question and answer session with him.”
“A corporation Misevra controls, Swiss Residence Aliance Inc, purchased Penthouse #1 in Trump Hollywood for $6.8 million in 2010. The six-bedroom duplex is 8,200 square feet and boasts 12-foot ceilings, according to real estate listings. Misevra did not respond to requests for comment.”
“Some of these Russian buyers appear to have done well in America. Another local politician, Vadim Valeryevich Gataullin, bought an apartment for $3.5 million in the Trump Hollywood. He did the deal through a company registered in Florida called VVG Real Estate Investments LLC. Five years later, Gataullin sold the apartment for $4.1 million to a Delaware-based limited liability company whose owner is not identified in state records.”
“In early 2012, Gataullin bought a second apartment in the same building, unit 2701, for $920,000, according to Florida records. Several months later, Gataullin sold the apartment for $1.1 million to a couple from Venezuela, property records show.”
“Gataullin is from the semi-autonomous Russian Republic of Bashkortostan, an oil-producing region in the foothills of the Ural Mountains. The son of a deputy regional prosecutor, he was a deputy in the regional parliament from 2013 until 2015.”
“As a member of the regional parliament, he was required to declare his income and assets under Russian federal law, according to a representative of the Bashkortostan regional parliament. A copy of the income declaration Gataullin filed for in 2013, when he was still owner of the second Trump unit, contains no mention of the apartment.”
“The American experience has been a mixed one for some of the Trump buyers. Among them is Pavel Uglanov, a businessman who served as a deputy minister for industry and energy in the regional government of Saratov, in central Russia, from 2010 to 2011.”
“Uglanov bought unit 3704 of Trump Hollywood in Hollywood, Florida, for $1.8 million in 2012. He sold the 3-bed, 3,395 square foot apartment for $2.9 million two years later.”
“Back in Russia, Uglanov made unsuccessful runs for the Saratov city assembly in 2006 and 2011, the second time as a member of Putin’s United Russia party. After leaving his deputy ministership in 2011, Uglanov told his then-wife, Anastasia, they were moving to Florida.”
Anastasia said in an interview in her Miami apartment that her ex-husband never told her why. “I don’t know what goes on in a man’s head,” she said.
Last August, Uglanov posted a photograph of himself on his Facebook page posing alongside Alexander Zaldostanov, leader of the “Night Wolves” biker gang. The Wolves, and Zaldostanov personally, were made subject to U.S. financial and travel restrictions. The U.S. government said gang members stormed a Ukrainian government naval base and a gas facility during Russia’s annexation of Crimea.”
An aide to Zaldostanov did not respond to questions from Reuters. The group, in interviews in Russian media, has denied storming the base and the gas facility.
Zaldostanov has had multiple meetings with Putin, according to the Kremlin’s website. The Russian president awarded Zaldostanov the country’s “medal of honor” in 2013.
In a phone interview late last month, Uglanov confirmed the Trump apartment purchase. He said it was a personal matter and declined to answer questions. “Basically, my private life is not your business,” he said.
“For Dezer, Trump’s American partner in Sunny Isles, the six buildings have been a win for his family, the Trumps and Sunny Isles.”
“Trump visited the sites at least four times as the buildings – including a hotel – were constructed and promoted between 2001 and 2011, according to Dezer and former employees of Dezer’s company. Trump had approval over the look of the buildings and apartments, Dezer said.”
“In 2008, when the housing market crashed, buyers defaulted on 900 Trump apartments, according to Dezer. Dezer said he worked hard over the coming years to pay back creditors. Until those 900 apartments were sold off, Trump did not earn any money for them, he added.”
“Tanya Tsveyer, a realtor whose Russian clients have bought in the Trump buildings, described her customers as primarily business people, including several with investments across the United States and Russia.”
“They bought in the Trump because they liked how the buildings fit their lifestyle,” she said, referring to the Russians.
By early 2011, the Trump buildings had started to turn a profit, according to Dezer. He invited Trump to a mortgage burning ceremony to celebrate Dezer’s paying off the project’s $475 million dollar mortgage. Dezer recalled Trump telling him that he planned to run for president.
Dezer and Trump got help selling the condos from Elena Baronoff, who immigrated from the Soviet Union in the 1980s. Baronoff, who grew up in Uzbekistan, had been active in Soviet cultural associations. In Miami, she soon began bringing Russian tour groups to Miami.
Gil Dezer’s father, Michael, recruited Baronoff to work alongside the Dezer corporation. She traveled to Moscow, St Petersburg, France and London to bring in Russian buyers, according to Dezer, selling apartments to them for between $1 million and $2 million. Baronoff was diagnosed with Leukemia in 2014 and died” (later).