This is how Trump systematically screwed over the people of Gary
Here's the short version with commentary if you don't want to read the whole article.
* Trump claimed that gambling shouldn't be brought to Gary because gambling causes social ills. He swore he would never open a casino there.
Like Trump believes that shyt when he owns multiple enormous casinos himself.
* When the Indiana legislation went against Trump's wishes and approved casino licenses (causing new competition for his crumbling Atlantic City empire), Trump immediately rushed to get one of the two licenses the state had dedicated for a casino in Gary.
Hypocritical liar.
* But the city of Gary didn't trust him or want him. Trump's Atlantic City casinos were $1.5 billion in debt. Even after Trump spent a million dollars lobbying the city officials to give him the licence, they weren't biting. So he added a twist - he offered to give a 15% stake in his company to eight local investors from Gary, mostly Black men.
So we're getting somewhere, but....
* Trump then changed the deal, saying that he'd give a 7.5% stake to the investors and the other 7.5% stake to create a foundation for Indiana charities. 35 local charities are named specifically in the deal sent to the state. The Indiana Gaming Commission accepted the deal and awards Trump the license.
So the Indiana Gaming Commission, the 8 minority partners, and the charities trusted Trump.
* License in hand, Trump dumped all his partners and the foundation, giving them NOTHING, and took 100% ownership for himself. He claimed that nothing in the deal had been official.
Trump doesn't give a shyt about his Black partners or about charities in Gary. He's screw them for his own profit.
* The minority investors sued Trump for breach of contract, and 6 of them settled for $2.2 million combined. But the other two, a wealthy Black Indiana businessman and a prominent White lawyer from Gary, refused to settle because they wanted to see Trump fulfill his obligation to Gary's charities.
Get that fool.
* The court awarded the last two $1.33 million and agreed that Trump had broken a contract. The court also showed that Trump had screwed charities out of somewhere between $5-30 million. But behind the scenes, Trump cut a deal with the mayor of Gary to create a new foundation that would give scholarships to Gary students, with the doling out of the scholarships partially controlled by the mayor. Trump would only have to pay a little more than $1 million into the foundation. At this point, his Gary casino was grossing more than $100 million/year.
Yep, Trump paid off a local politician so he could dikk over charities.
* The last two holdouts felt that Trump's new agreement was still bullshyt for Gary and they kept fighting. Trump offered them an additional $1.5 million not to appeal. They appealed anyway because he had promised the charities WAY more than a couple mil. The 7th Circuit Court of Appeals, full of Reagan/Bush appointees, overturned the jury verdict and sided with Trump.
* Nine years after opening his Gary riverboat casino, with his gambling empire falling apart (all three Atlantic City casinos he owned had declared bankruptcy, as well as Trump Entertainment Suites), Trump sold the Gary riverboat casino for $250 million. The charities should have had 7.5% of that, and the local investors another 7.5%. But, of course, they actually have nothing except the peanuts Trump had given in the settlement.
All ya'all who are caping for Trump. That's exactly how much his promises are worth.
He doesn't give a shyt about what he's promised to do.
He doesn't give a shyt about the people who help him get there.
He doesn't give a shyt about Black people.
He doesn't give a shyt about poor people.
He will use you however he wants to use you in order to get to the top, and then you're getting trashed in the wastebasket while he gets his profits.
Don't say I didn't warn you.
Here's the short version with commentary if you don't want to read the whole article.
* Trump claimed that gambling shouldn't be brought to Gary because gambling causes social ills. He swore he would never open a casino there.
Like Trump believes that shyt when he owns multiple enormous casinos himself.
* When the Indiana legislation went against Trump's wishes and approved casino licenses (causing new competition for his crumbling Atlantic City empire), Trump immediately rushed to get one of the two licenses the state had dedicated for a casino in Gary.
Hypocritical liar.
* But the city of Gary didn't trust him or want him. Trump's Atlantic City casinos were $1.5 billion in debt. Even after Trump spent a million dollars lobbying the city officials to give him the licence, they weren't biting. So he added a twist - he offered to give a 15% stake in his company to eight local investors from Gary, mostly Black men.
So we're getting somewhere, but....
* Trump then changed the deal, saying that he'd give a 7.5% stake to the investors and the other 7.5% stake to create a foundation for Indiana charities. 35 local charities are named specifically in the deal sent to the state. The Indiana Gaming Commission accepted the deal and awards Trump the license.
So the Indiana Gaming Commission, the 8 minority partners, and the charities trusted Trump.
* License in hand, Trump dumped all his partners and the foundation, giving them NOTHING, and took 100% ownership for himself. He claimed that nothing in the deal had been official.
Trump doesn't give a shyt about his Black partners or about charities in Gary. He's screw them for his own profit.
* The minority investors sued Trump for breach of contract, and 6 of them settled for $2.2 million combined. But the other two, a wealthy Black Indiana businessman and a prominent White lawyer from Gary, refused to settle because they wanted to see Trump fulfill his obligation to Gary's charities.
Get that fool.
* The court awarded the last two $1.33 million and agreed that Trump had broken a contract. The court also showed that Trump had screwed charities out of somewhere between $5-30 million. But behind the scenes, Trump cut a deal with the mayor of Gary to create a new foundation that would give scholarships to Gary students, with the doling out of the scholarships partially controlled by the mayor. Trump would only have to pay a little more than $1 million into the foundation. At this point, his Gary casino was grossing more than $100 million/year.
Yep, Trump paid off a local politician so he could dikk over charities.
* The last two holdouts felt that Trump's new agreement was still bullshyt for Gary and they kept fighting. Trump offered them an additional $1.5 million not to appeal. They appealed anyway because he had promised the charities WAY more than a couple mil. The 7th Circuit Court of Appeals, full of Reagan/Bush appointees, overturned the jury verdict and sided with Trump.
* Nine years after opening his Gary riverboat casino, with his gambling empire falling apart (all three Atlantic City casinos he owned had declared bankruptcy, as well as Trump Entertainment Suites), Trump sold the Gary riverboat casino for $250 million. The charities should have had 7.5% of that, and the local investors another 7.5%. But, of course, they actually have nothing except the peanuts Trump had given in the settlement.
All ya'all who are caping for Trump. That's exactly how much his promises are worth.
He doesn't give a shyt about what he's promised to do.
He doesn't give a shyt about the people who help him get there.
He doesn't give a shyt about Black people.
He doesn't give a shyt about poor people.
He will use you however he wants to use you in order to get to the top, and then you're getting trashed in the wastebasket while he gets his profits.
Don't say I didn't warn you.
Last edited: