Donald Trump wants as much as $75 million from hundreds of condo owners in Panama City’s Trump Ocean Club. The Republican presidential candidate is alleging that they wrongfully fired his company managing the luxury building that is the tallest in Central America.
Trump alleges a criminal conspiracy to remove his company from its unpaid position as building administrator for the luxury property in Panama City. The Associated Press reported last month that the owners’ board of directors had accused Trump’s managers of repeatedly exceeding budgets, paying themselves bonuses without permission and improperly passing along costs from the building’s Trump-controlled hotel.
The businessman who led the owners to oust Trump is Gary Lundgren (LUND-grin). He says Trump mismanaged the condo association and ran up $2 million worth of debt.
Tom I think it is important to point out who Gary Lundgren is. This is the second article you have written about Trump Management and Donald Trump that appears to make them look like the bad guys. In this article you mention that Gary Lundgren is the business man that lead the Trump Towers Homeowner group to oust Trump Management. But, no where in your article do you point out that Gary Lundgren is one of President Ricardo Martinelli business partners. Mr. Lundgren who has been under investigation by US law enforcement and regulatory agencies, for some time. He is also believed to be the first to be charged in some of his business dealing with President Martinelli.