Money Laundering and the Trump Taj Mahal

Trump, Inc.

WNYC Studios

Don, Trump, News, Business, Jared, Ivanka, Jr, Politics, Business News, Government, Eric

4.6 • 5.7K Ratings

🗓️ 14 February 2018

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The casino’s money laundering controls were so lacking, regulators found, it amounted to “willful" violations of the law.

Transcript

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0:00.0	To call the Trump Taj Mahal a casino,
0:03.5	would be like calling the original Taj Mahal a mausoleum in India.
0:07.6	Technically, you'd be right, but you'd be missing the point.
0:11.3	Donald Trump gave Michael Jackson a personal tour of his $1.2 billion extravaganza.
0:18.0	And we were there every step of the way.
0:20.6	If the Taj Mahal casino is the eighth wonder of the world.
0:23.4	When it opened in 1990, it was the largest casino ever built.
0:27.0	A helicopter was required to mount the gigantic letters TRUMP onto the building.
0:33.0	The staff wore turbans with ostrich feathers.
0:35.4	The Taj contained at least a dozen restaurants.
0:38.0	In one reserved for VIPs, when Michael was flanked by tiny fans, there are no menus.
0:44.2	Its gourmet chefs will create anything you wish.
0:47.6	With revenue topping $37 million a month, Donald's biggest gamble is turning up aces and up the market.
0:54.6	There were skeptics.
0:55.6	The New York Times noted that to cover its enormous debts,
0:58.3	the Taj would have to bring in a million dollars a day.
1:01.1	It would have to be a massive hit right from the start.
1:03.7	Colorful. Colorful is a good way of describing it.
1:07.3	As Clizzi and Fancy is any casino in Las Vegas.
1:12.0	Put it in perspective here.
1:13.2	We have to remember what the world was like then.
1:14.6	This guy wasn't running for president.
	...

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