News

Trump Tower Moscow Deal Developed By Felix Sater Included Giving $50 Million Penthouse To Vladimir Putin

The proposed Trump Tower real estate deal in Moscow included an idea to give Russian President Vladimir Putin a penthouse, it was reported Thursday.

According to CNN, Russian-born American real estate developer Felix Sater — who is based in New York City — revealed this idea, as he was collaborating on the project with President Donald Trump‘s then-personal lawyer Michael Cohen. Sater was formerly one of Trump’s business associates. 

On Thursday, Cohen pleaded guilty in Manhattan to lying to Congress about the Trump Tower deal, and the president responded by calling his former fixer “weak.” Cohen’s latest plea deal marks another victory for special counsel Robert Muellerwho is investigating Russian interference in the 2016 election, including potential collusion between Trump associates and the Kremlin.

Sater reportedly called the idea of the Putin penthouse a “marketing ploy,” since the goal of this project, he said, was to attract more potential buyers of the Trump Tower building in Moscow by allowing Russia’s president to have a home there.

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

SLIDESHOW: DONALD TRUMP’S 30 CRAZIEST TWEETS

The penthouse was set to be valued at $50 million. There is no explicit indication as to whether Trump was made aware of the concept of the penthouse.

Former New York City mayor Rudy Giulianione of Trump’s attorneys, denied the president had any involvement in the deal.

“The story is a story. The President never heard of this and the concept never got anywhere beyond an unfunded letter of intent and never even a proposal or draft contract,” Giuliani told CNN.

Cohen had initially claimed discussions on the Trump Tower deal had concluded in January 2016. However, on Thursday it was announced he and Sater had been talking about the project later in the election cycle. Cohen also reportedly talked about the concept of the Putin penthouse with a representative of the Russian leader’s press secretary, BuzzFeed reported.

Pablo Mena

Writer for upolitics.com. NY Giants and Rangers fan. Film and TV enthusiast (especially Harry Potter and The Office) and lover of foreign languages and cultures.

Recent Posts

Federal Trade Commission Votes To Ban Noncompete Agreements

On Tuesday, the Federal Trade Commission (FTC) banned noncompete agreements in a 3-2 vote. The…

2 days ago

California Bill Would Prevent CLEAR Passengers From Line-Jumping At Airports

A proposed bill in California would prohibit security screening company CLEAR from skipping the general…

3 days ago

Supreme Court Seems Receptive To Laws That Allow Restrictions On Homeless

On Monday, the Supreme Court heard oral arguments over a challenge to a law allowing…

4 days ago

Arizona Republicans Block Bill To Repeal Abortion Ban On State House Floor

The Arizona House of Representatives failed to advance a repeal of the state's 160-year-old abortion…

5 days ago

After Oregon Recriminalizes Drug Possession, What’s Next For The State’s Drug Policy

Oregon Gov. Tina Kotek (D) signed a bill restoring criminal charges in cases of hard drug possession.…

1 week ago

Biden’s New Regulation Will Limit Toxic Chemicals In Drinking Water Across The Country

President Joe Biden's administration announced the first-ever national limits on toxic "forever chemicals" in drinking water. This…

1 week ago