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Donald Trump’s Recent Business Partners Just Published A Damning List Of All His Failures

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A document filed by Donald Trump’s recent business partners makes terrible reading for the previous president.

Trump’s business failings — and the variety of lawsuits he currently faces — are laid bare in damning detail within the S-4 registration statement that Digital World Acquisition Corp., the special-purpose acquisition company which is merging with Trump’s Trump Media & Technology Group Corp. to take it public, filed with the U.S. Securities and Exchange Commission on Monday.

Multiple risk aspects related to doing business with Trump are highlighted within the filing because, it says, the corporate’s success depends largely on his popularity and recognition.

Of Trump’s lengthy history of bankruptcies, it states:

Entities related to President Trump have filed for bankruptcy protection. The Trump Taj Mahal, which was built and owned by President Trump, filed for Chapter 11 bankruptcy in 1991. The Trump Plaza, the Trump Castle, and the Plaza Hotel, all owned by President Trump on the time, filed for Chapter 11 bankruptcy in 1992. THCR, which was founded by President Trump in 1995, filed for Chapter 11 bankruptcy in 2004. Trump Entertainment Resorts, Inc., the brand new name given to Trump Hotels & Casino Resorts after its 2004 bankruptcy, declared bankruptcy in 2009. While the entire foregoing were in numerous businesses than TMTG, there could be no guarantee that TMTG’s performance will exceed the performance of those entities.

Of failed license agreements with Trump, it notes:

Trump Shuttle, Inc., launched by President Trump in 1989, defaulted on its loans in 1990 and ceased to exist by 1992. Trump University, founded by President Trump in 2005, ceased operations in 2011 amid lawsuits and investigations regarding the corporate’s business practices. Trump Vodka, a brand of vodka produced by Drinks Americas under license from the Trump Organization, was introduced in 2005 and discontinued in 2011. Trump Mortgage, LLC, a financial services company founded by President Trump in 2006, ceased operations in 2007. GoTrump.com, a travel site founded by President Trump in 2006, ceased operations in 2007. Trump Steaks, a brand of steak and other meats founded by President Trump in 2007, discontinued sales two months after its launch. While all these businesses were in numerous industries than TMTG, there could be no guarantee that TMTG’s performance will exceed the performance of those entities.

In each cases, the statement warns there are “no assurances” that the brand new company is not going to go the identical way as Trump’s past scuttled ventures.

The filing also details the “quite a few lawsuits and other matters that would damage his popularity, cause him to be distracted from the business or could force him to resign from TMTG’s board of directors.”

They vary from the congressional investigation into Trump’s role within the incitement of the deadly U.S. Capitol riot and his alleged removal of classified documents to a defamation lawsuit from author E. Jean Carroll, who has accused Trump of rape.

“The foregoing doesn’t purport to be an exhaustive list,” the document warned.

Read the total filing here.

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