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In a number of “fraudulent” documents that President Trump had filed, the value of his golf clubs in Ireland and Scotland was inflated, according to Salon's Igor Derysh.

  • In a letter, left-leaning watchdog group, the American Democracy Legal Fund, has asked the FBI and Manhattan District Attorney Cy Vance to investigate whether the president had broken the law by filing fraudulent documents.
  • Trump had reported to the U.S. government that the revenue from his golf clubs in Ireland and Scotland was $179 million between 2014 and 2018, but documents from the U.K. put the value at $152 million. In addition, the clubs actually lost $77 million once expenses are included.
  • Trump also reported to the U.S. that the value of his Scottish clubs was $100 million, but documents from the U.K. put the resorts at $80 million in debt.
  • In the letter to Vance, Brad Woodhouse, a longtime Democratic Party operative and president of the American Democracy Legal Fund, wrote:

“The Trump Organization repeatedly reported fraudulent financial details to the U.S. Office of Government Ethics, while reporting a different set of numbers to U.K. and Irish regulators. If the Trump Organization has seen fit to fake this information to federal agencies, it is likely they have used falsified information in business dealings regarding these courses.”

  • Woodhouse also “asked FBI Director Christopher Wray, a Trump appointee, to investigate ‘apparent inconsistencies, misstatements and lies in President Trump's annual financial disclosure filings,’” Derysh noted.
  • Michael Cohen, Trump’s former lawyer, reported about Trump’s practice of inflating and deflating the value of his assets to Congress last year, saying:

“It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed amongst the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes.”

Read the full report.