Event Description

Russian oligarch Dmitry Rybolovlev purchased the Trump Palm Beach property for $96 million in 2008, three years after Trump's initial $41 million purchase. The sale resulted in a $55 million profit for Trump Properties LLC (actual owner unknown), occurring when Trump was facing massive debt ($600+ million owed to Deutsche Bank with $40 million personal guarantee). Wolff suggests this may have been money laundering or a scheme to provide Trump with proceeds.

Quoted Evidence

“the new Trump property, with only minor improvements, was bought 3 years later in 08, the time Trump was facing his huge debt. for $96 million by Dmitry Rybolovlev. a Russain oligarch. That is, Trump had either miraculously earned $55 million, without putting up a dime, or Rybolovlev, or someone such as Rybolovlev, paid Trump Properties, LLC-actual owner unknown-$96 million, thereby providing a clean payment of $55 million to someone.”

Trafficking Assessment