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alwaysinasnit

(5,037 posts)
Tue Aug 11, 2020, 03:35 PM Aug 2020

Trump's Scottish and Irish golf resorts spur a new round of scrutiny on his businesses

https://www.politico.com/news/2020/08/11/trump-golf-resorts-scrutiny-393223

President Donald Trump appears to have inflated the value of his three golf resorts in Scotland and Ireland in documents filed with the U.S. government, according to a new examination of six years of financial records in the U.S. and Europe. And the group behind the finding wants the discrepancy investigated as part of a sprawling government probe into the Trump Organization‘s finances.

Trump claimed the resorts — Trump International Golf Links Aberdeen and Trump Turnberry, both in Scotland, and Trump Doonbeg in Ireland — brought in a total of about $179 million in revenue on U.S. documents where he is supposed to list his personal income. Records in the United Kingdom and Ireland indicate the resorts‘ revenues were millions of dollars less — about $152 million — and show they actually lost $77 million after accounting for expenses.

Trump claimed the Scottish resorts alone were worth at least $100 million total in 2018 on U.S. documents, but the U.K. records indicate that the resorts aren’t worth anywhere near that because the debts exceeded the assets by about $80 million that year.

The left-leaning American Democracy Legal Fund, a self-described government watchdog group, is asking Manhattan District Attorney Cyrus Vance Jr. to look into whether Trump, who repeatedly brags about his wealth, violated the law by filing false documents with the U.S. government to hide the financial health of himself and his company, according to a letter dated Monday obtained by POLITICO. The group is sending a similar letter to the FBI.

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Trump's Scottish and Irish golf resorts spur a new round of scrutiny on his businesses (Original Post) alwaysinasnit Aug 2020 OP
Lock him up!!!!! Yo_Mama_Been_Loggin Aug 2020 #1
K&R smirkymonkey Aug 2020 #2
:cue Dragnet theme: crickets Aug 2020 #3
 

smirkymonkey

(63,221 posts)
2. K&R
Tue Aug 11, 2020, 08:00 PM
Aug 2020

Sooner or later, this is all going to implode on him. A lifetime of crime and corruption has to eventually catch up with him, especially now that he is in the public eye and that he is one of the most hated and dangerous men in the world. Running for president was the stupidest decision he has ever made in a lifetime of incredibly stupid decisions.

He probably could have gone on with his crime spree until his death and have never faced justice if he had just stayed out of politics. But now he is being scrutinized by people who are much smarter than he is and who have an axe to grind, and eventually they will bring him down. It's only a matter of time.

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