The Trump Organization is being sued by the owner of a Panama City hotel, who alleges the company "made fraudulent and false claims to the Panamanian tax authorities" in order to "cover up its unlawful activities."
The Trump International Hotel and Tower opened in Panama City in 2011, and the Trump Organization was set to manage the property through 2031, The New York Times reports. In 2017, a businessman named Orestes Fintiklis bought 202 of the hotel's 369 units, and soon after took the Trump Organization to court, saying the hotel was struggling financially due to the company's mismanagement. In 2018, the Trump Organization was removed as managers, and the property is now a JW Marriott.
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