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Trump Inflating Scottish Golf Resorts’ Value By $165 Million, Per UK Filings

Trump Inflating Scottish Golf Resorts’ Worth By $165 Million, Per UK Filings

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35 comments

  1. If it’s that much more valuable should Scotland just raise the property tax proportional to what he’s claiming. That would be fun to watch.

  2. >Trump claimed in his 2018 U.S. filing that his Turnberry and Aberdeen resorts were each worth more than $50 million. For that same time period, he filed balance sheets with the United Kingdom government showing that **their combined debt exceeded their assets by 47.9 million British pounds.**

    Nothing about these golf courses makes sense, or ever has. They were [guaranteed to be debt ridden](https://www.newyorker.com/news/swamp-chronicles/where-did-donald-trump-get-200-million-dollars-to-buy-his-money-losing-scottish-golf-club) money-pits, and yet he bought them in all cash as part of a [golf course spending spree from 2010-2014](https://www.washingtonpost.com/politics/as-the-king-of-debt-trump-borrowed-to-build-his-empire-then-he-began-spending-hundreds-of-millions-in-cash/2018/05/05/28fe54b4-44c4-11e8-8569-26fda6b404c7_story.html?utm_term=.098ffbb9e6e5). That’s the precise time period when his lender Deutsche Bank [was engaging in $20 billion of Russian money-laundering](https://www.theguardian.com/business/2019/apr/17/deutsche-bank-faces-action-over-20bn-russian-money-laundering-scheme), and the precise period a journalist reports Eric Trump contemporaneously bragged they were buying [those courses with Russian money](https://www.vanityfair.com/news/2017/05/eric-trump-russia-investment-golf-course), and focused on a country(Scotland) [notorious for lax regulations that facilitate Russian money laundering](https://www.theguardian.com/business/2018/mar/22/labour-on-russian-money-laundering-scotland-shell-companies).

    Bailing out the Turnberry course was [also the final straw for Deutsche](https://www.nytimes.com/2019/02/02/business/trump-deutsche-bank.html) that caused them to cut him off during the campaign, followed by a scramble [to unload mysterious loans to Russian banks](https://www.wsj.com/articles/deutsche-bank-in-late-2016-raced-to-shed-loan-it-made-to-russian-bank-vtb-11549147289) when he won. Mueller, or perhaps more likely Rosenstein, decided all of this was out of his investigation’s remit. That is why the Congressional inquiries are so important.

  3. This sort of thing is exactly why he won’t release his tax returns. Then everyone would know he isn’t as rich as he purports to be.

  4. [**If this is a big deal. Then so is this…**](https://www.google.com/search?rlz=1C1GCEV_en&ei=FERcXdzUEKaQggf7_oY4&q=trump+buffalo+bills+deutsche+bank&oq=trump+buffal&gs_l=psy-ab.1.6.0l7j0i22i30l3.17370.19793..21368…0.0..0.108.822.11j1……0….1..gws-wiz…….0i131j0i67j0i131i67j0i10j0i3.Rcc3zgedHPQ)

    > In early 2014, Donald J. Trump approached his personal bankers at Deutsche Bank to sound them out about potentially lending him money to buy the Buffalo Bills. He provided the bankers with a collection of bare-bones personal financial statements.

    > The documents were provided so that Deutsche Bank — the only major bank that had consistently been willing to do business with Mr. Trump over the previous two decades — could make a preliminary decision about whether to make the loan.

    > Mr. Trump has said he offered to pay $1 billion for the Bills, and the team was sold to a rival bidder for a little more than that, meaning that Deutsche Bank was never formally called on to make the loan. Now the financial documents Mr. Trump provided to the bank are under scrutiny by members of Congress.

    > Michael Cohen, Mr. Trump’s former personal lawyer, told a congressional committee on Wednesday that the documents listed Mr. Trump’s assets at values that had been “inflated” with Mr. Trump’s knowledge.

    [**Trump has been doing this for decades with impunity. If John Spano went to prison, so should Donald Trump.**](https://en.wikipedia.org/wiki/John_Spano)

  5. Oh gee …. just like Cohen said he was doing to all his other property? COLOR ME SHOCKED………….

    It makes me sick half the country believes in this piece of shit.

  6. Release all his financials…

  7. Nothing will surprise me again after this American political shit show.

    Bet he walks away with lifetime presidential pay and security detail and tax payers will subsidize his evil, scamming empire.

  8. Not to threadjack, but fuck this guy for buying Turnberry. That’s one of my favorite tracks in the world (Ailsa course), but I’m not playing it as long as the money goes to the organized crime family that is the Trump Organization.

    Played it a couple times pre-Trump. Looking forward to playing it again after Trump and his sons Uday and Qusay are doing time and they’ve had to sell everything.

    Wish he would have stuck to buying courses in Florida or other places I don’t want to go.

  9. I’m listening to the audiobook of “The Art of the Deal” and have made it about halfway through.

    It’s actually very interesting because it confirms everything you already assumed about Mr. Trump.

    It’s a guidebook to how the man operates, and this is par for the course.

    In “The Art of the Deal”, he recounts story after story about how he bullshitted people left and right, makes up crazy plans he has no intentions of following through with in order to get what he really wants, screwing people to benefit himself.

    Essentially it’s Mr. Trump gloating about how he’s pulled one over on this guy, and this guy, and this guy, and this guy, and this guy.

    But you? You’re different. He really cares about you.

  10. Fraud is a federal crime. I don’t care if he gets a second term or if he gets impeached tomorrow, I just want to know that once he’s out of office, he will be prosecuted for these blatant crimes he’s committing in plain sight. It will be a great comfort to see him go to prison.

  11. So trump again falsifying his asset values. Wonder how much he undervalued it for the insurance? In both situations that’s considered fraud

  12. That guy! He must be really satisfied saying and doing whatever the fuck he wants with zero accountability.

  13. Scotland can use the tax money.

  14. Ahhh the old Golf course that nobody wanted in Scotland.

  15. Theft. Call it what it is. Fraud and theft.

  16. Nothing new about Trump inflating things to be bigger than they are, just ask Stormy Daniels.

  17. He does the same thing at Mar-A-Lago. Claims one value when bragging. Reports another when the tax assessor comes by.

  18. So why doesn’t Trump get charged for any of the shit he does?

  19. They say, the man’s mouth makes the shit’s worth.

  20. At this point does it even f*ing matter……… nobody has done shit to stop him yet, what is one more law at this point??????

  21. His tweet tomorrow: “They hate me so much they have to LIE about things that are not even there business. Losers who want to be in my inner-circle. Too bad for them! What a shame for Scottland!”

  22. If only there were some authority to hold him accountable.

  23. So some one corrupted is going to buy it in the future, it seems?

  24. The UK can indict a sitting President, right?

  25. In my life time, trump is most productive criminal I know. And we made him president.

  26. Good quadruple his taxes.

  27. Dudes weak as shit, hes gotta do something about HK and China. He’s just trying to seem busy

  28. Maybe he wants to sell them and turn Greenland into a year round, fully heated golf resort.

  29. Please end this nightmare next year, America

  30. Does he want to ruin white hats too now?

  31. He getting ready for scout

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