Former President Donald Trump sold a private jet worth about $11 million to a major Republican donor, according to financial records.
The 1997 Cessna 750 was registered to DT Air Corp., which is owned by the Trump Organization, but on May 13 it was registered to MM Fleet Holdings LLC. according to Federal Aviation Administration (FAA) records.
The Cessna Citation X 750 typically sells for between about $2.8 million and about $11.6 million. according to To Liberty Jet.
MM Fleet Holdings LLC is a Texas organization. Registered The Daily Beast first spoke to Mehrdad Moayedi, president and CEO of Centurion American Development Group. report.
“Moa Eddy has been in the construction and residential development business for over 30 years and has consistently achieved success by observing North Texas real estate and market trends.” according to Visit the Centurion American Development Group website: “In 1990, he founded Centurion American Custom Homes and led it as president and CEO of Centurion American Development Group.”
Federal Election Commission (FEC) Records show Moayedi donated approximately $245,000 to Trump Victory between April 2019 and July 2020, and donated approximately $5,600 to the Trump campaign on April 17, 2019.
Moa Eddy is Donated Similar donations have been made to other politicians, including former U.N. ambassador and Republican presidential candidate Nikki Haley, as well as Sens. Ted Cruz (R-Texas), Kyrsten Sinema (R-Arizona), Marco Rubio (R-Fla.) and Tim Scott (R-South Carolina), according to FEC data.
The Texas developer has also donated to the Republican National Committee (RNC) and WinRed, the GOP’s online fundraising platform.
Similarly, in May 2022, the Trump Organization announced that it had sold the lease on the Trump International Hotel in Washington, DC to Miami, Florida-based CGI Merchant Group.
The sale comes as Trump faces a wave of legal battles. In February, Judge Arthur Engoron fined Trump and the Trump Organization more than $350 million in a civil fraud case. Trump was also barred for three years from serving as an officer or director of any New York company.
Trump is also nearing the end of a business records trial in which he is charged with 34 first-degree counts of falsifying business records in connection with payments he allegedly made to adult entertainment star Stormy Daniels during the 2016 presidential campaign.
Closing arguments in President Trump’s business records trial begin on Tuesday.
Judge Juan Merchan, who is overseeing the trial, expects closing arguments could take a day and expects jury deliberations to begin May 29. according to To The New York Times.
