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Trump could face more legal trouble after group finds evidence he inflated the value of his golf...
Trump could face more legal trouble after group finds evidence he inflated the value of his golf resortshttps://www.rawstory.com/2020/08/trump-could-face-more-legal-trouble-after-group-finds-evidence-he-inflated-the-value-of-his-golf-resorts/
An investigation into President Donald Trump’s financial information has uncovered that the president lied about the value of his Scottish and Irish golf resorts.
Politico reported Tuesday that three of his resorts had an intentionally inflated value in six years of financial records given to the U.S. government. Now, the American Democracy Legal Fund (ADLF), the group behind the finding wants to know why.
“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,” wrote Politico’s Anita Kumar. “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.”
In 2018, Trump said that the Scottish resorts were worth at least $100 million when he disclosed it in the documents, but the U.K. disputed it because Trump had more $80 million in debts that same year.
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