Report: Trump took $17 million in insurance money for damage that didn’t happen
His supporters will say this is an example of the great way he’ll get money for America.
Click here for reuse options!Trump said he received a $17 million insurance payment in 2005 for hurricane damage to Mar-a-Lago, his private club in Palm Beach, but The Associated Press found little evidence of such large-scale damage.
Two years after a series of storms, the real estate tycoon said he didn’t know how much had been spent on repairs but acknowledged he pocketed some of the money. Trump transferred funds into his personal accounts, saying that under the terms of his policy, “you didn’t have to reinvest it.”
In a deposition in an unrelated civil lawsuit, Trump said he got the cash from a “very good insurance policy” and cited ongoing work to the historic home.
“Landscaping, roofing, walls, painting, leaks, artwork in the — you know, the great tapestries, tiles, Spanish tiles, the beach, the erosion,” he said of the storm damage. “It’s still not what it was.”
Trump’s description of extensive damage does not match those of Mar-a-Lago members and even Trump loyalists. In an interview about the estate’s history, Trump’s longtime former butler, Anthony Senecal, recalled no catastrophic damage. He said Hurricane Wilma, the last of a string of storms that barreled through in 2004 and 2005, flattened trees behind Mar-a-Lago, but the house itself only lost some roof tiles.
“That house has never been seriously damaged,” said Senecal, discussing Mar-a-Lago’s luck with hurricanes. “I was there for all of them.”
Copyright 2016 Liberaland
11 responses to Report: Trump took $17 million in insurance money for damage that didn’t happen
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The Wise Wizard October 24th, 2016 at 14:47
What’s the Statute of Limitations on insurance fraud?
whatthe46 October 24th, 2016 at 15:04
5 years.
Larry Schmitt October 24th, 2016 at 16:53
Not long enough.
crc3 October 24th, 2016 at 15:39
The biggest question about this whole thing is: Why would the insurance company pay $17M for damages without first evaluating the damages by their adjusters? I just don’t think insurance companies are going to give someone that kind of money without just cause. Something about this whole situation smells fishy…..
The Original Just Me October 24th, 2016 at 22:01
The wind just blew all of the leaves off from my trees. that should be worth a Cool Million. Oh Yea, there is the cleanup cost. Let’s see four Illegals at $200 per hour, Oh Just make it Two Mill and we will call it square.
anothertoothpick October 24th, 2016 at 15:49
Wise people judge a man by his actions, not his words. Is this the man anyone should vote into public office?
amersham1046 October 24th, 2016 at 18:14
Leading by example
robert October 24th, 2016 at 20:27
” under budget ”
The trumpster likes to say this alot
StoneyCurtisll October 24th, 2016 at 20:46
“The damage was yuuugh”….(believe me)
The Original Just Me October 24th, 2016 at 21:58
Yup, That’s Trump. Elect What you want.
Warman1138 October 25th, 2016 at 07:16
Is there anything that Trump does that doesn’t involve fraud and bullying.