A watchdog group wants New York prosecutors to investigate whether Trump filed false information on his annual financial disclosures.
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.
Vance indicated in a court filing last week that he is investigating the president for bank and insurance fraud as the prosecutor battles to obtain access to eight years of financial records related to Trump and his businesses.
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<p lang=”en” dir=”ltr”>A watchdog group wants New York prosecutors to investigate whether Trump filed false information on his annual financial disclosures https://t.co/dXoGvTmodo</p>— POLITICO (@politico) August 11, 2020
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