The directors of the Trump Ocean Club met July 28 on urgent business. They needed to fire Donald Trump.
The building’s residents and condo owners had invested in the namesake, a 70-story waterfront tower along Panama Bay, on the strength of Trump’s reputation. But during the four years that Trump Panama Condominium Management LLC had managed the property, Central America’s largest building, a team installed by the Trump family was accused of running up more than $2 million in unauthorized debts, paying its executives undisclosed bonuses and withholding basic financial information from owners, according to an Associated Press examination.
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