Trump inflating Scottish golf resorts' value by $165 million, per UK filings via HuffPost
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.
Knowingly providing false or incomplete information on that form is a violation of the Ethics in Government Act punishable by up to a year in jail. Signing the form attesting to the untrue information constitutes making a false statement, punishable by up to five years in prison. On May 16, 2016, for example, then-candidate Trump also claimed on his financial disclosure forms that the two Scotland resorts were worth more than $100 million, even though he filed papers with Companies House on Dec. 31, 2015, acknowledging that the courses had a combined value of negative $32.1 million.
Trump’s supposed great wealth was a major selling point for him during his campaign in the Republican primaries. Weeks after entering the race in June 2015, Trump declared in a press release that his net worth was “in excess of TEN BILLION DOLLARS.” In a recent speech, he claimed the presidency was forcing him to lose billions: “It’s probably costing me from three to five billion,” he told workers at a petrochemical plant in western Pennsylvania last week. “I don’t care.
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