Congresswoman Jackie Speier

Proudly Representing San Francisco and the Peninsula

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Trump Tower & Hotel Toronto

  • Initial partner Leib Waldman fled US after pleading guilty to bankruptcy fraud and embezzlement.
  • Russian engagement crucial for financing and construction; finances by Austrian bank that served as Russian money laundering conduit.
  • False claims to buyers.
  • Alex Shnaider, principal developer with no condo development experience, sold his company's shares in a Ukrainian steelmaker for $850M to VEB (Russian-controlled bank). Putin was chair of VEB's supervisory board at the time.
  • Trump claimed he was a “genius” for investing in the tower; he actually had no money at risk in the venture. 
  • Stopped using Trump’s name in 2017.