The famous American tycoon Donald Trump said that is no longer involved in the construction of the hotel in Fort Lauderdale, Florida. Draft Trump International Hotel & Tower should have been delivered by 2009, but the construction has not been completed and the project is now under threat of withdrawal for the debts to creditors. Chicago Bank CorusBankshares gave the developer a loan of $ 139 million. Last year CorusBankshares became bankrupt, and some of its assets were transferred to the group Corus Construction Venture. The group is about to start the procedure of seizure of property from developers. Hearings on the case will be held March 11 next year. In the words of Trump, it is not the developer, and only agreed to give the project its name. "We are not engaged in the erection of the building. We just gave a license to the fact that the project was named Trump. But the license validity period has expired for a long time ", - said the magnate. Draft Trump International Hotel & Tower cost $ 200 million is a 24-story skyscraper, including studios and apartments with 1 and 2 bedroom apartments, priced from $ 500,000 to $ 3 million. More than 100 people made the first payment in the amount of 20% and are now trying to return the invested funds or impose seizure of property. Many of them blame the developers that they gave false information about Trump genuine participation in the project. "Trump takes a personal and direct involvement in all projects that bear his name. He considers this project a landmark in the history of their company ", - stated in the brochures dedicated to the project. At the same time deceived buyers express reproaches of Trump. "Just to say that we are only licensed project without participating in it as a developer, is a fraud," - said Joe Altchul, a lawyer representing a group of 50 defrauded buyers. - "When developers sell apartments at exorbitant prices, they explain the high cost of real estate is the direct participation in the project of Trump." Project in Fort Lauderdale is not the only headache Trump. Two other projects in Tampa and Mekske that also bear his name according to the license, are in a similar situation. On this Site: www.miamiherald.com