InsideLux – The Luxury News Authority

It has been less than a week since the Manhattan District Attorney’s Office released a statement claiming that Donald Trump could be the victim of a $5m fraudulent deal with Hudson Waterfront Associates.  The deal said to be worth a record $1.76 bn included a $17m ‘finders fee’.   Trump who has a one third share in the property was defrauded by including the finders fee in the transaction as a method of “cutting him in” prosecutors said.

Meanwhile, more bad news for Trump spilled through the press today regarding the planned and controversial development of a golf resort in Scotland.  Donald Trump Jnr revised offers for land owners reluctant to vacate to include lifetime access to the resort, a 15% premium above their top end valuations and the possibility of purchasing a newly constructed villa at cost price.   Local residents have resisted the offers for a second time.  As a last resort, Trump may have to seek a compulsory purchase order – a long and difficult process experts say.