NEW YORK (AP) — Former President Donald Trump’s company lost more than $70 million to its Washington, DC hotel during his four years in office.
This is according to documents released Friday morning by a congressional committee that was investigating his company.
According to the House Committee on Oversight and Reform, the losses occurred despite an estimated $3.7million in foreign government revenue. Experts say Trump should have rejected this company because it created conflicts of interests with his presidency role.
According to the Associated PressAccording to the commission, things were so bad that $27 Million had to be injected into Trump Organization.
According to the outlet, the money came from another part of his business.
A report by the commission states that Trump’s firm has been given special treatment by Deutsche Bank to delay payments of a $170 million loan related to the property.
The Trump Organization stated in a statement that the findings of the Democrat-led Commission were incorrect and misleading, and that they did not receive preferential treatment from a lender.