Bo-4
09-21-2016, 09:47 AM
Thanks to multiple Pulitzer winning reporter David Fahrenthold, we know there are now at least a dozen instances of illegal "self-dealing" from his foundation (which he hasn't personally contributed to since 2006).
IMHO, the worst such example (though not the largest monetarily) came at a 2010 charity tournament at Trump National in which a million dollars was offered for a hole in one on a par three hole.
I have personally played in tournaments offering a million for a hole in one on one hole and know how this works:
The tournament sponsor pays an insurance company to cover the million in the unlikely event it happens. It is offered for amateur events only and cost is based on the number of golfers and the length of the hole. In this case, the estimated fee would have been around $5,000.
Call me cynical, but i can guarantee you that Trump payed a tenth of the normal cost by ensuring his buddy that they wouldn't have pay for a 150 yard hole in one because he'd move the tee up to 136.
That he settled out of pocket after getting sued (well illegally self-dealt with OTHER people's money) and the insurance company paid nothing proves it.
If i had shot this hole and one, i'd have been livid and would NOT have settled, but the golfer in question was already a multi-millionaire as CEO of a commodities company and didn't want to mess with it.
By all means, hand Trump Dumpster the federal treasury to play around with. :rolleyes:
http://www.nydailynews.com/news/politics/trump-258k-charity-settle-suits-businesses-article-1.2799475
"There's nothing like doing things with other people's money!"
https://www.youtube.com/watch?v=D53-kO9dE1E
IMHO, the worst such example (though not the largest monetarily) came at a 2010 charity tournament at Trump National in which a million dollars was offered for a hole in one on a par three hole.
I have personally played in tournaments offering a million for a hole in one on one hole and know how this works:
The tournament sponsor pays an insurance company to cover the million in the unlikely event it happens. It is offered for amateur events only and cost is based on the number of golfers and the length of the hole. In this case, the estimated fee would have been around $5,000.
Call me cynical, but i can guarantee you that Trump payed a tenth of the normal cost by ensuring his buddy that they wouldn't have pay for a 150 yard hole in one because he'd move the tee up to 136.
That he settled out of pocket after getting sued (well illegally self-dealt with OTHER people's money) and the insurance company paid nothing proves it.
If i had shot this hole and one, i'd have been livid and would NOT have settled, but the golfer in question was already a multi-millionaire as CEO of a commodities company and didn't want to mess with it.
By all means, hand Trump Dumpster the federal treasury to play around with. :rolleyes:
http://www.nydailynews.com/news/politics/trump-258k-charity-settle-suits-businesses-article-1.2799475
"There's nothing like doing things with other people's money!"
https://www.youtube.com/watch?v=D53-kO9dE1E