Trump Target Of New York Times Piece Yet Again: Atlantic City, Bankruptcy And 'Protracted Failure'

The New York Times wrote a story in May that detailed presumptive Republican presidential nominee Donald Trump's "unwanted romantic advances" toward women decades ago.

The New York Times said at that time it interviewed many women who had either worked with or for Trump or dated him or just interacted with him socially. One of the women the publication interviewed was Rowanne Brewer Lane, who went on to claim the New York Times inaccurately portrayed her experience with Trump.

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Another Biting Piece

This past Saturday, the New York Times released another scathing report on Trump, this time focusing on his investments and casinos in Atlantic City. The article, titled "How Donald Trump Bankrupted His Atlantic City Casinos, But Still Earned Millions," detailed how regulatory reviews, court records and security filings leave "little doubt that Mr. Trump's casino business was a protracted failure."

The New York Times suggested Trump's properties were "failing" long before "Atlantic City itself was failing." However, since Trump is said to have put up little of his own money, stock and bondholders of his properties "lost more than $1.5 billion."

"All the while, Mr. Trump received copious amounts for himself, with the help of a compliant board," the publication claimed. "In one instance, The Times found, Mr. Trump pulled more than $1 million from his failing public company, describing the transaction in securities filings in ways that may have been illegal, according to legal experts."

"He helped expand Atlantic City, but he just did not put the equity into the projects he should have to keep them solvent," H. Steven Norton, a casino consultant and a former casino executive at Resorts International told the New York Post. "When he went bankrupt, he not only cost bondholders money, but he hurt a lot of small businesses that helped him construct the Taj Mahal."