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.
In the president’s 2018 U.S. filing for those resorts, he claimed that each resort was worth more than $50 million. In his balance sheets to the British government filed for the same period, Trump claimed that the resorts’ aggregate debt was greater than their assets by 47.9 million pounds, or the equivalent to $64.8 million as of Dec. 31, 2017.
View the complete August 21 article by Matthew Rozsa from Salon on the AlterNet website here.