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“There were no Russian investors at that point,” he told TPM.“1998, ’99, 2000—Russians did not have any money.” The reason, Sater said with a laugh: “-a-barrel oil!
“You sort of ran around and did your own deals.”The two men say they arrived in business with Trump through different avenues.A bar fight with a fellow Wall Streeter ended when Sater stabbed the other man in the face with a margarita glass; the injured man needed 110 stitches and suffered nerve damage.Sater went to prison for a year, which he describes as “the worst time in my life,” and a few years after his release, he became embroiled in a stock fraud scam.Long before they were seeking such deals, Cohen and Sater were running in the same circles, in the area where Brooklyn bleeds into Long Island.Cohen is from Five Towns, the informal name for a few tony suburban hamlets—more than five, less than eight—in Nassau County, east of Jamaica Bay.
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”He pegged the date to when Russians finally had money to spend abroad around 2005, the same year Bayrock signed a one-year deal to explore developing a Trump Tower in Moscow.