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Trump-Linked Real Estate Firm Settles Suit by Ex-Employee

  • Kriss resolves racketeering case against Bayrock, Felix Sater
  • Lawsuit claimed Bayrock hid Sater’s racketeering conviction
Trump SoHo hotel condominium

Trump SoHo hotel condominium

Photographer: Drew Angerer/Getty Images North America
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A real estate development firm linked to President Donald Trump reached an agreement to resolve a racketeering lawsuit filed by a former executive who claimed the company defrauded him of money he was owed and concealed the criminal history of one of its principals.

The Bayrock Group, the developer of the Trump Soho building in Manhattan, agreed in principle to settle a lawsuit filed in 2010 by former finance director Jody Kriss, according to a filing Thursday in federal court in New York. Kriss said in his original lawsuit and in interviews that he left the firm after becoming convinced that it was laundering money. He also accused the company of skimming cash, dodging taxes and cheating him out of millions of dollars.