Donald Trump's 'most valuable' building is home to dozens of criminals


When facing mockery over his failed business ventures, Donald Trump has responded by touting the success of the Trump Building at 40 Wall St., his most valuable property. However, the reputation of those that dwell inside might be a little more, well, dubious.
Since Trump took over the building in 1995, Bloomberg discovered that "prosecutors have filed criminal charges against at least 29 people connected to 12 alleged scams tied to [40 Wall St.]. Nine other firms have faced serious regulatory claims. Authorities prevailed in most but not all of the cases." Additionally, "no U.S. address has been home to more of the unregistered brokerages that investors complain about, according to the Securities and Exchange Commission's current public alert list."
So what exactly are we talking about? A faked suicide? Check. A ponzi-schemer? You betcha. A penny-stock scam? Yep, there was one of those too.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A cheap way to get a 40 Wall St. address is to grab space on the 28th floor, which is broken up into small offices. The firms listed in the lobby directory for that floor include Your Trading Room, a foreign-exchange operation ordered shut by an Australian court in 2012; Asian AIM Incubator Co., which Malaysian regulators put on a list of possible scams; Stilas International Law, whose founder was banned from practicing law in Virginia; and Ero Capital Corp., run by a man convicted of credit-card fraud.Even one of the four Cushman & Wakefield brokers who handle leasing for the skyscraper is a felon. Jeffrey Lichtenberg admitted accepting a bribe in 1999 after an investigation of bid-rigging in the construction business. He declined to comment. [Bloomberg]
Bloomberg has a handy floor-by-floor breakdown of the allegations brought against Trump's 40 Wall St. tenets too, which you can see here.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.
-
What to see at Glastonbury
The Week Recommends Whether you've got your tent and your ticket or you're watching from home, these are the hottest acts to catch at Worthy Farm
-
Lovestuck: a 'warm-hearted' musical with a 'powerhouse score'
The Week Recommends Team behind the hit podcast My Dad Wrote a Porno have created a hilarious show about a disastrous viral Tinder date
-
Outrageous: glossy Mitford family drama is full of 'fun, fashion and froth'
The Week Recommends Adaptation of Mary Lovell's biography examines the scandalous lives of the aristocratic sisters
-
Trump judge pick told DOJ to defy courts, lawyer says
Speed Read Emil Bove, a top Justice Department official nominated by Trump for a lifetime seat, stands accused of encouraging government lawyers to mislead the courts and defy judicial orders
-
Mamdani upsets Cuomo in NYC mayoral primary
Speed Read Democratic socialist Zohran Mamdani beat out Andrew Cuomo in New York City's Democratic mayoral primary
-
Supreme Court clears third-country deportations
Speed Read The court allowed Trump to temporarily resume deporting migrants to countries they aren't from
-
Judges order release of 2 high-profile migrants
Speed Read Kilmar Ábrego García is back in the US and Mahmoud Khalil is allowed to go home — for now
-
US assessing bomb damage to Iran nuclear sites
Speed Read Trump claims this weekend's US bombing obliterated Tehran's nuclear program, while JD Vance insists the US is 'not at war with Iran'
-
Trump's LA deployment in limbo after court rulings
Speed Read Judge Breyer ruled that Trump's National Guard deployment to Los Angeles was an 'illegal' overreach. But a federal appellate court halted the ruling.
-
Marines, National Guard in LA can detain Americans
speed read The troops have been authorized to detain anyone who interferes with immigration raids
-
Trump vows 'very big force' against parade protesters
Speed Read The parade, which will shut down much of the capital, will celebrate the US Army's 250th anniversary and Trump's 79th birthday