He didn't overpay. He utilized a common construction strategy/scam: Write contracts, get work done, refuse to pay, have liens filed, get taken to court, declare bankruptcy, have debts discharged.
A family member recently did some work for one of our local Trump wannabe's.
He put in a lot of overtime on a high-profile fast-track project. In addition to his pay, he was promised acknowledgement in a plaque that would be displayed at the site. Initially he got paid for about 1/3 of what he did, then his final billings were ignored, then refused.
When he mentioned it to me, I looked the guy up and found that he was a serial bankruptcy offender, just like Trump.
Fortunately, his work on the project was still within the lien window, and I helped him file a timely lien.
The lien filing got him paid in full, but only after he got some very angry and foolish correspondence from the Trump wannabe that could have gotten the guy's contracting license revoked or suspended.
I really enjoyed helping slap the guy with the lien filing, and watching him fold, screaming and kicking all the way.
Here's a link to a story about liens being filed on Trump's DC hotel:
upi.com |