My understanding is that Trump basically “lent” money to his Scottish golf courses for “improvements” and then upped the claimed value of the courses to offset the debt without making any readily apparent significant improvements.
1/
1/
https://twitter.com/russchoma/status/1327339303798775812
This would seem to raise the question of whether there ever actually was a loan (or were these instead tax dodges of some kind).
And if there was a loan, was that money spent on improvements or laundered back to Trump somehow.
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And if there was a loan, was that money spent on improvements or laundered back to Trump somehow.
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There is something very amiss in the numbers though.
The Scottish golf courses are huge sinks. They lose a ton of money. The Aberdeen property stood no chance of ever being sustainably profitable (IMHO).
Yet, Trump has made no moves to plug what appear to be gaping losses.
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The Scottish golf courses are huge sinks. They lose a ton of money. The Aberdeen property stood no chance of ever being sustainably profitable (IMHO).
Yet, Trump has made no moves to plug what appear to be gaping losses.
3/
Just me but in my experience, when a business operates at a deep loss in perpetuity, it’s usually because it isn’t really losing money for the principals; you just don’t know how that is.
If Scotland investigates his properties, I suspect he will have major problems.
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If Scotland investigates his properties, I suspect he will have major problems.
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His alleged major improvements just aren’t supported by the evidence that would typically exist.
No large-scale construction, expansion or significant upgrades to facilities that map to those inflows.
Smells like a money launder, bank fraud, tax fraud or all of the above.
5/5
No large-scale construction, expansion or significant upgrades to facilities that map to those inflows.
Smells like a money launder, bank fraud, tax fraud or all of the above.
5/5
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