Off-Topic Crooked Trump: How Trump's Casino Bankruptcies Screwed His Workers out of Millions in Retirement Savings
http://m.motherjones.com/politics/2016/10/donald-trump-atlantic-city-bankruptcy When pressed about the multiple bankruptcies at his Atlantic City casinos, Donald Trump routinely says the episodes highlight his business acumen. He made out well, he claims, at the expense only of his greedy Wall Street financiers. "These lenders aren't babies," he said during a Republican primary debate last fall. "These are total killers. These are not the nice, sweet little people that you think, okay?" Yet among those who suffered as a result of Trump's bankruptcies were his own casino employees, who collectively lost millions of dollars in retirement savings when the company's value plummeted. Trump's company encouraged its employees to invest their retirement savings in company stock, according to a class-action lawsuit filed by employees against Trump Hotels & Casino Resorts following its 2004 bankruptcy. Then, when the stock price was near its nadir as bankruptcy loomed, the company forced the employees to sell their stock at a huge loss. More than 400 employees lost a total of more than $2 million from their retirement accounts, the lawsuit states. - - - --Lauren-- Care About Science and Tech? Our Job One: STOP TRUMP: https://vortex.com/stop-trump - - - Lauren Weinstein (lau...@vortex.com): https://www.vortex.com/lauren Lauren's Blog: https://lauren.vortex.com Founder: Network Neutrality Squad: https://www.nnsquad.org PRIVACY Forum: https://www.vortex.com/privacy-info Co-Founder: People For Internet Responsibility: https://www.pfir.org/pfir-info Member: ACM Committee on Computers and Public Policy Google+: https://google.com/+LaurenWeinstein Twitter: https://twitter.com/laurenweinstein Tel: +1 (818) 225-2800 I have consulted to Google, but I am not currently doing so -- my opinions expressed here are mine alone. - - - The correct term is "Internet" NOT "internet" -- please don't fall into the trap of using the latter. It's just plain wrong! _______________________________________________ nnsquad mailing list https://lists.nnsquad.org/mailman/listinfo/nnsquad
