Tuesday, August 3, 2010

Trump SoHo Developers Sued for Fraud

The developers of the Trump SoHo Hotel Condominium have been sued for allegedly making fraudulent misrepresentations and using deceptive sales practices to market hotel-condominium suites.

The lawsuit comes as the project's developers, the Bayrock Group and the Sapir Organization, have begun offering direct financing in hopes of boosting sales. The units start at $1.2 million for a studio.

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