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Copyright Justin Sullivan Getty Images
<p>Copyright Justin Sullivan, Getty Images</p>

The Daily Brief: Trumped


We know it’s hard to believe, but not every business Donald Trump touches turns to gold. Here are 12 that no longer exist.


Building His Own Wealth

The Overland Park, Kan.,-based leader of a barnstorming wealth management seminar has pleaded guilty to defrauding hundreds of victims of more than $7 million of their retirement savings, according to the Atlanta Business Chronicle. Ephram Taylor II, the CEO of City Capital Corp., traveled the country on a “Building Wealth Tour,” where he gave wealth management seminars at churches, claiming to be a socially conscious investor and falsely detailing that 20 percent of profits were donated to charity. In Georgia alone, more than 80 people lost upwards of $2 million.

Copyright Justin Sullivan, Getty Images

Have a Heart

A 30-year-old Wells Fargo employee took a bold approach last week to getting a pay raise, sending an email to CEO John Stumpf and copying roughly 200,000 other employees, according to the Charlotte Observer. Tyrel Oates, who is based in Oregon, proposed a $10,000 income increase for all Wells Fargo workers. In the letter, he called on the San Franciso-based lender to show that “big corporations can have a heart other than philanthropic endeavors.”


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