Did President Trump inflate the value of his Scottish golf resorts in government filings?
5 years, 4 months ago

Did President Trump inflate the value of his Scottish golf resorts in government filings?

Salon  

President Donald Trump appears to have misstated the value of his Scottish golf resorts by $165 million, an act which could potentially constitute a federal crime. The controversy came to light after seemingly conflicting financial disclosure forms regarding the president's Aberdeen and Turnberry resorts in Scotland were submitted in the U.S. and the U.K., according to a new report by HuffPost. "The discrepancies between President Trump’s public financial disclosure and his UK filings certainly raise questions about whether or not the value of his business assets are being inflated," Aaron Rodriguez, the press secretary for CREW, told Salon by email. He also pointed out that "the purpose of this report is to highlight the real economic impacts of President Trump’s conflicts of interest and the harm some of his business interests and financial conflicts could cause.

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History of this topic

In UK, Trump's Scottish links split locals
2 months ago

In UK, Trump's Scottish links split locals

Raw Story  

As Donald Trump pursues a second stint in the White House, three thousand miles away in Scotland he is building a new golf course that renews scrutiny of his vexed relationship with his mother's birth country. "The whole impetus for this development was Trump's abiding love for Scotland," Sarah Malone, executive vice president of Trump International Scotland, told AFP inside …

Scottish lawmakers demand Trump to open golf course books after former president was convicted in NY fraud case
6 months, 1 week ago

Scottish lawmakers demand Trump to open golf course books after former president was convicted in NY fraud case

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Presidential hopeful Donald Trump is facing calls for an investigation …

‘Pathological’ lack of remorse: Key revelations from Donald Trump’s fraud trial ruling
10 months, 3 weeks ago

‘Pathological’ lack of remorse: Key revelations from Donald Trump’s fraud trial ruling

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Former Trump Organization executives Allen Weisselberg and Jeffrey McConney were also found liable for …

Trump must now decide whether to LIQUIDATE assets from his $323M in golf courses and $690M in New York buildings and golf properties to pay stunning $355 million fraud fine or cough up $35M bond in 30
10 months, 3 weeks ago

Trump must now decide whether to LIQUIDATE assets from his $323M in golf courses and $690M in New York buildings and golf properties to pay stunning $355 million fraud fine or cough up $35M bond in 30

Daily Mail  

Former President Donald is estimated to be worth more than $2 billion, but paying off a $355 million fine that a New York judge slapped on his business empire could require some painful decisions. Former President Donald Trump faces a potential cash crunch as he faces a $355 million award from a New York judge, following an $83 million damage …

Trump inflated net worth up to $2.2 billion per year from 2011 to 2021, say prosecutors
1 year, 4 months ago

Trump inflated net worth up to $2.2 billion per year from 2011 to 2021, say prosecutors

Firstpost  

In documents filed in support of an ongoing $250 million civil suit against the ex-president, state Attorney General Letitia James claimed Trump and some of his aides submitted “grossly inflated” numbers to banks and insurers “to secure and maintain loans and insurance on more favorable terms” Donald Trump routinely overvalued his net worth by billions of dollars each year between …

Trump travels to Scotland to open golf course amid NY trial
1 year, 8 months ago

Trump travels to Scotland to open golf course amid NY trial

Associated Press  

Former U.S. President Donald Trump traveled to Scotland on Monday to open a new golf course at his resort near Aberdeen, in his first overseas trip since he was indicted in New York on criminal charges in a hush money scheme. Trump’s trip coincides with the second week of a Manhattan civil trial over accusations he raped former magazine columnist …

Trump's Scottish golf courses take multi-million dollar hit because of policy he backed
1 year, 11 months ago

Trump's Scottish golf courses take multi-million dollar hit because of policy he backed

Raw Story  

Donald Trump's Scottish golf courses have been hit by a multi-million dollar loss that's being partially blamed on Brexit – a severance from Europe that he celebrated as being great for business. "Trump’s Turnberry resort in Ayrshire, Scotland, recorded £3.7 million in pre-tax losses for 2021, while Trump International Golf Club Limited, parent of another course in Aberdeenshire, Scotland, reported …

Donald Trump’s Scottish golf courses post losses of £15m
1 year, 11 months ago

Donald Trump’s Scottish golf courses post losses of £15m

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Ex-Prosecutor: Looks Like Trump Ran 'Fraud Business With A Sideline In Real Estate'
2 years, 3 months ago

Ex-Prosecutor: Looks Like Trump Ran 'Fraud Business With A Sideline In Real Estate'

Huff Post  

LOADING ERROR LOADING A former prosecutor said the findings of the New York attorney general’s probe into Donald Trump’s business dealings are “insane,” and he predicts there “really isn’t a lot of room for him to wiggle his way out of this.” “It really looks like the Trump family was running a fraud business with a sideline in real estate, …

In suit, NY AG takes aim at Trump’s boasts about wealth
2 years, 3 months ago

In suit, NY AG takes aim at Trump’s boasts about wealth

Associated Press  

NEW YORK — Former President Donald Trump’s latest legal woes focus on allegations that he and his company chronically exaggerated the value of things he owned in order to obtain loans, lower his taxes or get deals done. New York Attorney General Leticia James asserted in a lawsuit filed Wednesday that Trump’s company used deceptive schemes to overstate the value …

Allen Weisselberg couldn't explain how value of $400M Trump property doubled in one year: report
2 years, 11 months ago

Allen Weisselberg couldn't explain how value of $400M Trump property doubled in one year: report

Salon  

Allen Weisselberg, former chief financial officer for the Trump Organization, faced difficulty explaining how one of the company's properties had been valued at approximately 435 million — more than double what it had been valued the year before — according to newly released documents. According to Business Insider, there is incriminating documentation that alleges assets throughout former President Donald Trump's …

Trump’s struggling UK golf resorts claimed millions in COVID aid while he was president
3 years ago

Trump’s struggling UK golf resorts claimed millions in COVID aid while he was president

Raw Story  

Former President Donald Trump's golf resorts in Scotland claimed nearly $4 million in COVID aid from the British government while he was in office, financial filings in the U.K. show. RELATED: Trump's New York golf club faces criminal probe over potential tax dodging: report The company also blamed the British government's lockdown policies. Even though 273 workers at the two …

Trump's Scottish golf resorts raked in millions in UK subsidies as Covid limited business
3 years ago

Trump's Scottish golf resorts raked in millions in UK subsidies as Covid limited business

Raw Story  

According to a report from the BBC, two of Donald Trump's golf resorts in Scotland, were the recipients of a combined £3m in furlough money from the UK government that was offered to keep people working as the Covid-19 pandemic created havoc, according to newly published document. The BBC had reported that furlough money was designed to pay "the wages …

Trump's Irish golf course posts record $4M loss as pandemic hammers his business empire: report
3 years, 1 month ago

Trump's Irish golf course posts record $4M loss as pandemic hammers his business empire: report

Raw Story  

Former president Donald Trump's golf course in Doonbeg, Ireland, posted a record loss of $4 million last year and laid off more than half of its employees. "That red ink is likely a good indicator of just how poorly Trump’s broader, hospitality-focused business empire has fared during the pandemic," Mother Jones reported Wednesday, adding that the COVID-19 pandemic "has made …

Scottish Dunes Trump Promised To Protect On His Golf Course Are Ruined
3 years, 2 months ago

Scottish Dunes Trump Promised To Protect On His Golf Course Are Ruined

Huff Post  

LOADING ERROR LOADING Environmentally critical coastal sand dunes on Donald Trump’s Scottish golf course in Aberdeenshire have been ruined, even though Trump promised to protect them. Following construction of the Trump International Golf Links north of Aberdeen, the dunes no longer “merit being retained as part of the site of special scientific interest,” declared Scotland’s nature agency NatureScot. NatureScot once …

Trump's Scottish golf courses may soon be at center of their own "McMafia Law" investigation
3 years, 5 months ago

Trump's Scottish golf courses may soon be at center of their own "McMafia Law" investigation

Salon  

Lawyers affiliated with a global activism organization are intensifying their push for a "McMafia" legal order against former President Donald Trump. Under that order, Trump would be required to disclose financial origin of his "all-cash purchases and development of his two Scottish golf resorts," HuffPost reports. Citing the Trump Organization's legal and financial woes with prosecutors in New York, the …

Trump returns to a business empire ravaged by pandemic
3 years, 11 months ago

Trump returns to a business empire ravaged by pandemic

Associated Press  

NEW YORK — Donald Trump is returning to a family business ravaged by pandemic shutdowns and restrictions, with revenue plunging more than 40% at his Doral golf property, his Washington hotel and both his Scottish resorts over the past year. Eric Trump, who with Donald Trump Jr. has run the Trump Organization the past four years, told The Associated Press …

Trump Back At Mar-A-Lago, Raising Taxpayer Golf Tab To $151.5 Million
4 years ago

Trump Back At Mar-A-Lago, Raising Taxpayer Golf Tab To $151.5 Million

Huff Post  

LOADING ERROR LOADING Donald Trump has arrived at his Palm Beach, Florida, resort for the 31st golf vacation there of his presidency, raising the taxpayer-funded travel and security total for his hobby to $151.5 million, according to a HuffPost analysis. A Mar-a-Lago visit over Thanksgiving 2019 cost taxpayers an additional $5.3 million because of all the extra expenses of flying …

Bernie sanders blasts Trump as corporate socialist over his tax returns
4 years, 3 months ago

Bernie sanders blasts Trump as corporate socialist over his tax returns

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Senator Bernie Sanders accused Donald Trump of being a corporate …

Trump filed “fraudulent” financial information about overseas golf clubs to US government: watchdog
4 years, 4 months ago

Trump filed “fraudulent” financial information about overseas golf clubs to US government: watchdog

Salon  

President Donald Trump filed "fraudulent" documents to the U.S. government inflating the value of his golf clubs in Ireland and Scotland, according to a left-leaning government watchdog group. The American Democracy Legal Fund called on Manhattan District Attorney Cy Vance and the FBI to investigate whether Trump broke the law by filing false financial disclosure documents, according to a letter …

Revenue at biggest Trump properties held steady last year
4 years, 5 months ago

Revenue at biggest Trump properties held steady last year

Associated Press  

NEW YORK — Revenue at President Donald Trump’s Washington, D.C., hotel and several of his biggest clubs and resorts mostly held steady last year before the coronavirus forced many to shut their doors and lay off workers, according to a financial disclosure report released Friday. One of the biggest revenue generators among Trump’s properties last year, the Trump National Doral …

Trump Inflating Scottish Golf Resorts' Value By $165 Million, Per UK Filings
5 years, 4 months ago

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

Huff Post  

President Donald Trump walks off the 4th green while playing at Turnberry golf club in Turnberry, Scotland, on July 14, 2018. Peter Morrison/ASSOCIATED PRESS WASHINGTON ― President Donald Trump has filed financial disclosure statements that appear to misstate the value and profitability of his Scotland golf courses by $165 million, possibly violating federal laws that are punishable by jail time. …

Trump Golf Costs Top $110 Million -- More Than 1 Estimate For All Of Obama’s Travel
5 years, 5 months ago

Trump Golf Costs Top $110 Million -- More Than 1 Estimate For All Of Obama’s Travel

Huff Post  

LOADING ERROR LOADING BERKELEY HEIGHTS, N.J. – Donald Trump’s presidential golf costs have topped $110 million in his 2 1/2 years in office – more than $4 million more than a conservative group’s estimate for predecessor Barack Obama’s total travel costs over two full terms. Judicial Watch, a tax-exempt conservative group, in 2017 said that its tally of Obama’s travel …

Republicans spent more than $4 million at properties bearing President Trump's name: report
5 years, 7 months ago

Republicans spent more than $4 million at properties bearing President Trump's name: report

Salon  

Republicans have spent more than $4 million at hotel, golf and vineyard properties that bear President Donald Trump's name since he was inaugurated in January 2017, according to a report published Friday by The Hill. "The Trump Hotel is a glaring physical symbol of the Trump Administration's refusal to play by the same rules as everyone else," House Oversight Committee …

Trump disclosure shows revenue steady at key properties
5 years, 7 months ago

Trump disclosure shows revenue steady at key properties

Associated Press  

NEW YORK — Revenue from President Donald Trump’s sprawling business empire largely held steady last year amid his turbulent presidency, according to his financial disclosure Thursday, with a drop in business at his Mar-a-Lago resort and small gains at his Washington hotel and Doral golf club. The mixed bag provided validation to neither those who predicted Trump would reap massive …

Trump Responds To New York Times Report On His Taxes
5 years, 8 months ago

Trump Responds To New York Times Report On His Taxes

Huff Post  

LOADING ERROR LOADING President Donald Trump tweeted early Wednesday following a report that documented more than $1.1 billion in personal business losses over a 10-year period beginning in 1985. Trump seemingly tried to downplay the report, saying that “almost all real estate developers” wanted to show losses for tax purposes and renegotiate with banks, and it was “sport.” Real estate …

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