TOWERING SUCCESS: The 7 Trump-branded luxury towers in southern Florida have actually been renowned with Russian investors. A look at the transactions provides a glimpse into just how wealthy Russian invest overseas. Skipper

A review uncovered that at least 63 individuals with Russian passports or addresses have bought at the very least $98.4 million worth of property in seven Trump-branded deluxe towers in southern Florida.

MIAMI/MOSCOW – throughout the 2016 presidential campaign, Donald J. Trumped downplayed his business ties with Russia. And also since acquisition office as president, he has been even an ext emphatic.

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“I can tell you, speaking because that myself, I very own nothing in Russia,” president Trump claimed at a news conference last month. “I have no loans in Russia. I don’t have any kind of deals in Russia.”

But in the joined States, members of the Russian elite have invested in trumped buildings. A evaluation has found that at the very least 63 people with Russian passports or addresses have actually bought at least $98.4 million worth of home in 7 Trump-branded high-end towers in southerly Florida, follow to windy documents, interviews and corporate records.

The buyers include politically linked businessmen, such together a former executive in a Moscow-based state-run building and construction firm that functions on military and also intelligence facilities, the founder the a St. Petersburg invest bank and also the co-founder that a conglomerate with interests in banking, property and electronics.

People native the 2nd and third tiers the Russian power have invested in the Trump buildings as well. One recently posted a photograph of himself with the leader the a Russian motorcycle gang the was sanctioned through the United states for that is alleged function in Moscow’s seizure of Crimea.

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The testimonial of investors from Russia in Trump’s Florida condominium structures found no tip of wrongdoing by president Trump or his actual estate organization. And also none of the buyers show up to it is in from Putin’s inside circle.

The White house referred questions from to the trump card Organization, whose chief legitimate officer claimed the scrutiny of chairman Trump’s service ties through Russia was misplaced.

“I deserve to say definitively the this is one overblown story that is media-created,” Alan Garten claimed in one interview. “I’ve been around this company and recognize the this firm dealings.”

The tally of investor from Russia might be conservative. The analysis found that at the very least 703 – or around one-third – that the owners of the 2044 systems in the seven Trump structures are restricted liability companies, or LLCs, which have the capability to hide the identification of a property’s true owner. And also the nationality of numerous buyers can not be determined. Russian-Americans who did not usage a Russian address or passport in your purchases were not had in the tally.

The review focused on Florida since the state has actually a huge concentration that Trump-branded buildings, and determining the ownership of properties is much easier there 보다 in some other states. The resort town of sunny Isles Beach, website of six of the 7 Trump-branded Florida residential towers, stands out in an additional way: The zip code that contains the sunny Isles buildings has an estimated 1,200 Russian-born residents, among the many in the country, U.S. Census data show.

The Trump organization advertises all seven Florida structures on that website as it pursues comparable branding deals about the world. Exactly how much income Trump has earned from the buildings is unclear.

Six of the seven properties to be the product of an agreement the brand-new York home magnate win in 2001 v father-and-son American developers Michael and Gil Dezer. The six buildings operated by the Dezers in sunny Isles would bear Trump’s name under a licensing agreement.

FLORIDA DEVELOPER: Gil Dezer teamed up v Donald trumped to develop six buildings in sunny Isles Beach. Skipper

“I can say definitively that this is an overblown story that is media-created.”

Alan Garten, chief Legal Officer, The Trump company

In one interview, Gil Dezer stated the project produced $2 billion in initial sales, from which Trump took a commission. Dezer declined to say how huge a commission, citing confidentiality agreements. Garten, the Trump organization’s chief legal officer, claimed Trump’s earnings was a mix of flat fees and also percentages yet declined to disclose them.

Edgardo Defortuna, a leading Miami developer, approximated that Trump likely made in between one percent and four percent in initial sale commissions, based on the typical fees paid on likewise branded projects. If so, Trump was standing to enjoy a complete of $20 million come $80 million in sunny Isles.

Trump receive no commission on subsequent sales in all seven of the Florida residential towers.

He continues to do money from one of the six Sunny isles buildings, however, follow to disclosure creates Trump filed in the 2016 U.S. Presidential race. The disclosure form states that Trump received in between $100,000 and also $1 million indigenous a service called trumped Marks sunny Isles i LLC. Dezer stated these funds came from the Trump global Beach Resort, a hotel and condominium complex.

Trump report no earnings on his disclosure type from his seventh Florida property, the trump card Hollywood in the city of Hollywood. Exactly how much he has made end the year from that property’s 200 units is unclear. BH3, an investment money which took over 180 units in a foreclosure sale, paid Trump a license fee of $25,000 because that each unit, follow to Daniel Lebensohn, a primary at the fund. If the continuing to be 20 units produced the very same fee, Trump’s take would have been $5 million. Garten declined to check Trump’s commission.

Informed the the analysis of Trump’s Russian condo investors, two democratic opponents the the president, Sen. Ron Wyden (D-OR) and Rep. Adam Schiff (D-CA), renewed their calls for higher disclosure of his finances.

“While the president has actually denied having invested in Russia, he has actually said small or nothing around Russian invest in his businesses and also properties in the United says or elsewhere,” claimed Rep. Adam Schiff, ranking Democrat top top the house Intelligence Committee. “This should worry all Americans and also is yet an additional reason why his refuse to relax his taxation returns need to be met with significant skepticism and concern.”


Sen. Richard Burr (R-NC) and Rep. Devin Nunes (R-CA), the Republican chairs of the Senate and House intelligence committees, declined to comment.

Schiff, as well as two U.S. Intelligence officials and also one former an elderly law enforcement official who spoke on problem of anonymity, stated the Russian government sometimes directs resources at prominent individuals in the unified States and also Europe in wishes of improving their perception of Russia. found no proof of such an initiative with Trump. Garten, the Trump organization’s chief legitimate officer, scoffed at the idea.

“This is politics at that worst,” that said.


The glimpse within the condo dealings provides a look at exactly how the wealthy in Putin’s Russia use foreign property come stow cash.

One wealthy Russian buyer was Alexander Yuzvik. In 2010, he and also his wife bought unit 3901 that Trump palace in clear Isles for $1.3 million, follow to Florida building records. The three-bedroom apartment has actually 2,100 square feet and panoramic views, follow to an online actual estate listing.

From 2013 to 2016, Yuzvik was a senior executive in ~ Spetstroi, a state-owned agency that has brought out building and construction projects at army facilities.

The Spetstroi website claims the certain was involved in construction projects in ~ the Moscow cultivate academy that the FSB, Russia’s major civilian intelligence business and successor of the KGB. Spetstroi likewise did building and construction work in the administrative structure of the general staff the the GRU, Russia’s military knowledge service.

In a statement sent out to, Spetstroi claimed Yuzvik functioned there until he stepped down in march 2016.

Employees of some state-owned Russian carriers are commonly required come disclose their assets and also income. Yuzvik and also his mam filed a declaration because that 2013. In the declaration, i m sorry is publicly available, castle list just assets within Russia. The Florida condo no included.

Yuzvik might not be reached for comment.

Andrey Truskov, an additional Trump condo owner, is a founder and also co-owner the Absolute team LLC, a holding company involved in wholesale electronics, banking and property development, with projects in Moscow, London and brand-new York. The all electronic organization is the biggest in Russia, an absolute representative told The company does not disclose its jae won results.

Truskov to buy apartment 1102 in the trumped Hollywood building for $1.4 million in 2011. The three-bedroom, 3.5-bath unit is 3,100 square feet, follow to online actual estate listings.

In a phone call interview, Truskov shown that he purchased the trump card Hollywood unit. He stated the Florida apartment to be the very same price as a three-room apartment outside Moscow in ~ the time, and also Florida was a nice place to have actually a property. He claimed the acquisition was a personal decision that had no link with his business.

Several well-off buyers were from Moscow and also St. Petersburg, the country’s two biggest cities, follow to interviews in Russia, Florida publicly records and also the bureau Van Dijk firm database Orbis. Amongst them: Alexey Ustaev, the founder and also president of St. Petersburg-based Viking Bank, among the very first private investment financial institutions established in Russia after the fall of Communism.

A donor to orphanages and also chess clubs in St. Petersburg, Ustaev has actually received awards indigenous the Russian sporting activities Ministry and also the St. Petersburg room of commerce for his banking and also charitable work, according to his story on the bank’s website.

In 2009, Ustaev bought unit 5006, a 3-bed, 3.5-bath apartment in the trump card Palace complex in clear Isles, for $1.2 million in cash, according to Florida public records. Two years later, Ustaev bought another apartment, a penthouse unit, this time in the surrounding Trump Royale condominium development, because that $5.2 million.

deluxe APPEAL: native left, the trump Royale, the trumped Palace and also the Trump worldwide Beach will in sunny Isles Beach, Florida. Skipper

In an e-mail reply to questions, Ustaev claimed he purchase the nature in the Trump buildings for personal use, however declined to comment on his family’s U.S. Business. “I am life in Russia, i am working in Russia, and going abroad only for business purposes or vacations,” he said.

Many that the Russian buyers to be from the country’s provinces. One is Oleg Misevra, a well-off coal magnate and also former website traffic police commander who company’s key assets space in the Pacific island that Sakhalin in Russia’s much East. He has recorded Putin’s eye: in ~ a 2010 local meeting of Putin’s unified Russia party, Putin praised Misevra’s work and also held a an extensive question and answer session through him.

connections WITH MOSCOW: U.S. President Donald Trump speak by phone with Russia"s president Vladimir Putin in the Oval Office in ~ the White house in Washington in January. serious

A copy, group Misevra controls, Swiss Residence Aliance Inc, purchase Penthouse #1 in trump card Hollywood for $6.8 million in 2010. The six-bedroom duplex is 8,200 square feet and also boasts 12-foot ceilings, follow to actual estate listings. Misevra did not respond come requests because that comment.

Some of these Russian buyers show up to have done fine in America. An additional local politician, Vadim Valeryevich Gataullin, to buy an apartment for $3.5 million in the trump card Hollywood. That did the deal with a agency registered in Florida dubbed VVG actual Estate invest LLC. Five years later, Gataullin offered the apartment because that $4.1 million come a Delaware-based restricted liability company whose owner is not determined in state records.

In early 2012, Gataullin bought a 2nd apartment in the very same building, unit 2701, because that $920,000, follow to Florida records. Number of months later, Gataullin offered the apartment for $1.1 million come a pair from Venezuela, residential or commercial property records show.

Gataullin is from the semi-autonomous Russian Republic that Bashkortostan, an oil-producing an ar in the foothills of the Ural Mountains. The child of a deputy local prosecutor, he to be a deputy in the local parliament from 2013 till 2015.

As a member the the local parliament, that was compelled to explain his income and assets under Russian federal law, follow to a representative that the Bashkortostan local parliament. A copy the the earnings declaration Gataullin filed for in 2013, as soon as he to be still owner that the 2nd Trump unit, includes no point out of the apartment.

abroad INVESTMENT: The Neptune Hollywood coast Hotel, operation by Vadim Gataullin, a former Russian politician, in Hollywood, Florida. Skipper

Gataullin did no respond come messages sent out to his firm in Bashkortostan.

More recently, Gataullin has been actively investing in the Miami area. His VVG actual Estate has spent at least $28 million on property in Broward County in between 2012 and also 2016. It also bought and also sold 6 properties in Miami Dade County between 2015 and 2016 for a total profit the $238,400, home records show.

VVG is likewise the registered licensee top top a little motel close to the beach in Hollywood. An employee over there told that Gataullin “appears and disappears choose a ghost” and also was currently in Russia. A secretary at Gataullin’s holding firm in Russia told on in march 17 that he is no in Russia.

The American experience has actually been a combined one for several of the trump card buyers. Amongst them is Pavel Uglanov, a businessman who offered as a deputy minister because that industry and energy in the regional government of Saratov, in main Russia, native 2010 come 2011.

Uglanov to buy unit 3704 of trump Hollywood in Hollywood, Florida, because that $1.8 million in 2012. He offered the 3-bed, 3,395 square foot apartment for $2.9 million two years later.

Back in Russia, Uglanov made unsuccessful runs because that the Saratov city assembly in 2006 and also 2011, the 2nd time as a member the Putin’s joined Russia party. After leaving his deputy ministership in 2011, Uglanov called his then-wife, Anastasia, lock were relocating to Florida.


Anastasia said in one interview in her Miami apartment the her ex-husband never ever told she why. “I don’t recognize what goes on in a man’s head,” she said.

In Miami, Uglanov opened up a gas station, called Niko Petroleum. Once that company struggled, he sold it. He then began a charter watercraft business and a trucking firm. They struggled, too.

Uglanov walk not have connections in the joined States favor he did in Russia and he didn’t understand just how Americans execute business, his ex-wife said.

Last August, Uglanov posted a picture of self on his Facebook web page posing together Alexander Zaldostanov, leader the the “Night Wolves” biker gang. The Wolves, and also Zaldostanov personally, to be made subject to U.S. Financial and travel restrictions. The U.S. Federal government said gang members stormed a Ukrainian federal government naval base and also a gas facility during Russia’s annexation of Crimea.

An aide to Zaldostanov did not respond to concerns from The group, in interviews in Russian media, has actually denied storming the base and the gas facility.

Zaldostanov has had multiple meetings with Putin, follow to the Kremlin’s website. The Russian president awarded Zaldostanov the country’s “medal of honor” in 2013.

In a phone call interview so late last month, Uglanov evidenced the trump apartment purchase. He stated it to be a personal matter and declined come answer questions. “Basically, my personal life is not your business,” he said.


For Dezer, Trump’s American companion in clear Isles, the six buildings have to be a success for his family, the Trumps and also Sunny Isles.

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Trump checked out the sites in ~ least four times as the structures – consisting of a hotel – were constructed and promoted between 2001 and 2011, follow to Dezer and also former employees of Dezer’s company. Trump had actually approval end the watch of the buildings and apartments, Dezer said.