One Donald Trump Company Sued Another

Donald Trump is no stranger to lawsuits; in fact, he became so entangled in one that he sort of sued himself. The businessman introduced Trump Mortgage LLC, a new company that specialized in selling residential and commercial real estate loans, at a glam event in the spring of 2006 at Trump Tower. He gave the new company a floor at the 40 Wall Street headquarters of the Trump Organization. Two distinct organizations, both running under the Trump name. If you remember anything about Trump Mortgages, it probably wasn't around for very long.

Within 18 months, when the worst predictions of the industry insiders started to come true and property prices started to fall, Trump Mortgage collapsed, leaving some obligations unpaid and a shaky sales record that fell short of Trump's ambitious forecasts. Trump dissociated himself from the company's failure at the time, claiming that he was not involved in its management and that its personnel had delivered subpar work. The mortgage firm was forced to vacate the property by a judge after they failed to even respond to the complaint.

Nationality: United States

Occupation: Politician, businessman