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Dumped by Trump

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Donald TrumpAt least one investor in the Trump Ocean Resort Baja won't be watching Season 6 of NBC's "The Apprentice."

After the Mexico hotel-condo development on the northern tip of Baja California went belly-up, investors were left holding the bag to the tune of $32 million, according to the Associated Press.

Investors were told that their deposits had been spent, and that they would not receive a penny of it back.

"I can't even stand to see [Donald] Trump's face on TV," Linda Drake, a psychologist whose husband is a commercial airline pilot and financial adviser, told the AP.

The AP reported that deposits on abandoned projects are at risk in the U.S., but the risk may be higher in Mexico because consumer protection laws there are generally weak.

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Trump, as the P.T. Barnum of our generation, is Mr. Teflon. He seems to be able to shed (and ignore)responsibility for a number of business failures, including an airline and his casino hotels.

If NBC had not given him so much exposure with The Apprentice, saved his beauty pageant business, and given him continuing network and cable visibility, all of which spawned various new businesses for him, Trump might well be just another "has been" at this point in time.

In a survey of the affluent, we found Trump's image was very poor.
Posted by: marketing( Visit ) at 3/10/2009 10:59 AM


To add insult to injury, Trump also stopped construction on his mega billion resort in Dubai. I wonder how many investors were left holding that bag
Posted by: marketing( Visit ) at 3/11/2009 1:37 PM


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