• By The Financial District

TRUMP GOT $21M FROM HIS LAS VEGAS HOTEL AS FUNDS DWINDLED IN 2016

US President Donald Trump engineered a $21-million one-time payment to him from a Las Vegas hotel he co-owned with casino mogul Phil Ruffin in 2016 just as his campaign funds dwindled.

Trump’s long-hidden tax records, obtained by the New York Times, show that the financial windfall took a circuitous route in a number of Trump companies before landing into the campaign, which was then suffering from a shortage of funds.


The payments, the New York Times reported, were described by experts as highly unusual, were routed through other Trump companies and paid out in cash.


Tax records, by their nature, do not specify whether the payments from the hotel helped prop up Trump’s campaign, his businesses or both. If the payments, which were claimed as business expenses, were not legitimate and were also used to fund Trump’s presidential run, they could be considered illegal campaign contributions. Trump could face the dock be because of this.