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Trump Bond’s Cayman Connection ‘Stinks to High Heaven’

By Ilene
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Photo Illustration by Thomas Levinson/The Daily Beast/Getty

Trump Bond’s Cayman Connection ‘Stinks to High Heaven’

The company that saved Donald Trump with a $175 million bank fraud bond is playing an insurance game that has experts questioning whether New York will ever see the money.

By Jose Pagliery, The Daily Beast 

When the questionably leveraged company that rescued Donald Trump with a last-minute $175 million court bond insured itself with its own parent company, it raised concerns about how the company was playing with its finances.

But now, as even more details come out about that parent company—particularly that it’s based in the Cayman Islands, a notorious tax haven—the concerns are just piling up.

More here > 

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