Eric Trump slammed a bungled report from Politico that said President Trump “owes” millions of dollars to the Bank of China.
The president’s son, who is the executive vice president of the Trump Organization, took to Twitter on Sunday to voice his frustrations with the report, which has been updated, saying it grossly mischaracterized financing received from the Bank of China.
“Article should have read: Trump as businessman had a passive, non-controlling/managing interest in an office building which had financing from Bank of China for less than 22 days (in 2012). Biden, meanwhile as VP flew his son on AF2 to China to secure 1.5Bil for his fund in 2013,” the younger Trump tweeted.
“.@Politico is a joke. I spoke to this reporter for 30 minutes on Friday and told them their ‘facts’ were wrong. They want to ‘get’ us so badly (and cover for Biden true corruption) that they ended up looking like complete fools. #JournalismIsDead,” he added.
Article should have read: Trump as businessman had a passive, non-controlling/managing interest in an office building which had financing from Bank of China for less than 22 days (in 2012). Biden, meanwhile as VP flew his son on AF2 to China to secure 1.5Bil for his fund in 2013 https://t.co/gDgAvR1viN
— Eric Trump (@EricTrump) April 26, 2020
.@Politico is a joke. I spoke to this reporter for 30 minutes on Friday and told them their “facts” were wrong. They want to “get” us so badly (and cover for Biden true corruption) that they ended up looking like complete fools. #JournalismIsDead https://t.co/u2EGzLnSYN
— Eric Trump (@EricTrump) April 26, 2020
The report called into question President Trump’s attacks against Hunter Biden, a son of former Vice President Joe Biden, by erroneously asserting Trump currently owed millions of dollars to the Bank of China based on a $211 million loan received in 2012 for the 43-story Avenue of the Americas skyscraper in New York City.
The publication updated its story on Saturday with feedback from the state-owned bank. A spokesperson for Bank of China USA also provided a statement to the Washington Examiner.
“On November 7, 2012, several financial institutions, including the Bank of China, participated in a commercial mortgage loan of $950 million to Vornado Realty Trust. Within 22 days, the loan was securitized and sold into the CMBS market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012,” a representative told the Washington Examiner on Friday in response to the report.
Politico amended its headline to later say Trump “owed” money to the Chinese bank. However, the director of rapid response for Joe Biden’s presidential campaign pushed the story before it was determined inaccurate.
