Sale of Palm Beach home among few deals between Trump, Russians
The 2008 sale of a Palm Beach mansion to a Russian oligarch was cited in a letter issued Friday as one of the “few” occasions in which President Donald Trump profited from business with Russian interests.
The letter was written by Trump’s lawyers in an apparent effort to refute speculation of the president’s connections to Russian business and political figures. It covers both Trump’s personal dealings as well as those of The Trump Organization, or TTO.
“With a few exceptions — as detailed below — your tax returns do not reflect (1) any income of any type from Russian sources (2) any debt owed by you or TTO to Russian lenders or any interest paid by you or TTO to Russian lenders, (3) any equity investments by Russian persons or entities in entities controlled by you, or TTO, or (4) any equity or debt investments by you or TTO in Russian entities,” said the letter written by attorneys Sheri Dillon and William Nelson from the law firm of Morgan, Lewis & Bockius LLP.
One of those “few exceptions” detailed in the letter was Trump’s sale of the 62,000-square foot mansion at 515 N. County Road formerly known as Maison de L’Amitie, or House of Friendship.
The sale raised eyebrows at the time — and has remained a source of some local intrigue — in the 11 years since because of the premium paid by the buyer, Dmitry Rybolovlev, and his unclear motive.
http://www.palmbeachpost.com/news/national-govt--politics/new-sale-palm-beach-home-among-few-deals-between-trump-russians/U4sS8NdGlOg7v9sg66e7UI/
