Possible Fraud on "Trump Ocean Resort" Baja Condo Investors

According to press reports, investors in the "Trump Ocean Resort" in Baja California may have now lost their original deposits.  Buyers were asked to put down a 30% deposit for condos ranging in price from $300.000 to $2.5 million.  Now those investors have apparently lost their deposits.  These deposits appear to total more than $32 million. 

After pressuring developers for updates about construction that had apparently fallen behind schedule, investors allegedly received a letter this past December stating that negotiations for a construction loan from German bank WestLB AG collapsed and Trump Baja had only $556,000 left. It quoted a contract clause that allegedly gave the developer a right to spend their deposits. 

In addition, press reports indicate that construction on a number of Trump Hotels being built across the United States has been put on hold.

If you put down a deposit on any Trump property, and you have now lost that deposit, you are urged to contact the law firm of Audet & Partners, LLP to protect your legal rights.

Persons seeking to preserve any potential legal claims should contact an attorney promptly, since all states have mandatory time periods in which lawsuits must be filed with the courts; otherwise, they may be forever barred.

Audet & Partners represents individuals, governmental entities, small businesses and institutional shareholders in product liability, tort, negligence, consumer, construction defect, investment fraud, securities, insider trading, antitrust, environmental, whistle blower, aviation and employment cases. In recognition of their outstanding abilities and commitment to the legal profession over the years, the firm and its members have served as Court-appointed Plaintiffs’ Counsel in dozens of federal and state cases throughout the United States.