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Tuesday, March 21, 2017

Trump's Business Is In Violation of New York City Law - NBC News #ImpeachTrump

Image: President Trump Accuses Obama Via Twitter Of Ordering Wiretapping At Trump Tower During Campaign

"Donald Trump’s business, The Trump Organization, is in violation of New York City law, NBC News has learned. The Trump Tower skyscraper located at 725 Fifth Avenue -- where President Trump and Melania live in the penthouse apartment and his two eldest sons work in offices just below -- is not registered this year with the New York City Department of Housing Preservation & Development, a spokeswoman for the department confirmed on Tuesday.

Property owners of certain residential buildings are required by law to register annually by Sept. 1, but Trump Tower’s registration expired in 2016 and The Trump Organization never renewed it. Failing to register can result in a fine of up to $500, and revokes some of the rights usually enjoyed by property owners.

The Trump Organization has a $100 million mortgage on Trump Tower. The loan was written by Wall Street firm Ladder Capital Financial and it now resides in a trust and has been securitized.

The managing agent on the expired registration for Trump Tower is listed as the Trump Corporation. The “head officer” is Richie Ukaj, whose LinkedIn profile says he is the resident manager at The Trump Organization. The “officer” is listed as Sonja Talesnik, whose LinkedIn profile says she is the assistant general counsel and vice president, property administration at The Trump Organization.

Calls and messages to a spokeswoman for The Trump Organization were not immediately returned."

Trump's Business Is In Violation of New York City Law - NBC News

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