Trump Owed Millions To Foreign Creditor Which Was Undisclosed
Story by Byron Dovey •
Attorney General has uncovered that former president Donald Trump had approximately $19.8 million in undisclosed debt owed to a foreign creditor.
The debt was uncovered after New York attorney Letitia James obtained documents from The Trump Organization earlier this year. The records showed a previously unreported liability of $19.8 million listed as “L/P Daewoo.”
The debt was reportedly owed to South Korean company, Daewoo – a company with links to North Korea. The documents reveal that the debt has stayed relatively the same at $19.8 million between 2011 and 2016.
However, five months into Trump’s presidency, the balance of the debt owed dropped to $4.3 million and was then paid off shortly after that. The documents do not specify precisely who paid off the loan, but state, “Daewoo was bought out of its position on July 5, 2017”.
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Posted By: Dea. Ron Gray Sr.
Thursday, December 22nd 2022 at 8:30PM
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