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In reply to the discussion: Be still my heart. Vance subpoenas Trump's financial docs from Deutsche Bank [View all]Kid Berwyn
(14,897 posts)35. Scottish RICO: Mystery Millions for Loser Golf Resorts
The Biggest Trump Financial Mystery? Where He Came Up With the Cash for His Scottish Resorts.
Donald Trump dumped $400 million into his clubs in Aberdeen and Turnberry. Now, lawmakers in Edinburgh want to investigate him for money laundering.
RUSS CHOMA
Mother Jones, SEPTEMBER/OCTOBER 2020 ISSUE
EXCERPT...
Recently, a newand perhaps biggerthreat to Trump has emerged in Scotland. Scottish lawmakers are pushing to peer into Trumps finances using an anti-money-laundering statute typically employed against kleptocrats, oligarchs, and crime kingpins. Their question: Where did the hundreds of millions Trump poured into his Scottish courses actually come from?
SNIP...
The size of Trumps wealth is a source of great debate, but two things are fairly well knownthe period between 2006 and 2014 included some of his lowest points, financially speaking, and even in the best of times, the amount he splurged in Scotland would be a ton of cash for him to have on hand, let alone spend so freely. And Trump made these Scottish investments amid a $400 million cash spending spree, documented by the Washington Post, in which he also purchased a golf club in Ireland, five courses in the United States, and several pricy homes.
The New Yorker estimated that Trump would have spent half his available cash on the purchase of Turnberry alone, concluding there wasnt enough money coming into Trumps known business to cover the massive outlay he spent renovating the property.
And the mystery deepens. Martyn McLaughlin, a Glasgow-based reporter for the Scotsman newspaper, discovered that in 2008 Trump approached a Scottish bank asking for a $63 million loan to buy and renovate a historic hotel near Edinburgh, overlooking the final hole of St. Andrews, the most famous golf course in the world. The terms he proposed were so ludicrously favorable to him that bank executives concluded Trump was asking for a free loan, and doing business with the developer was too risky. Meanwhile, Trump was touting his very strong cash position and his representatives were telling the Scottish public that he had more than $1 billion available to spend in their country. (The Trump Organization did not respond to questions from Mother Jones.)
CONTINUES...
https://www.motherjones.com/politics/2020/08/the-biggest-trump-financial-mystery-where-he-came-up-with-the-cash-for-his-scottish-resorts/
Donald Trump dumped $400 million into his clubs in Aberdeen and Turnberry. Now, lawmakers in Edinburgh want to investigate him for money laundering.
RUSS CHOMA
Mother Jones, SEPTEMBER/OCTOBER 2020 ISSUE
EXCERPT...
Recently, a newand perhaps biggerthreat to Trump has emerged in Scotland. Scottish lawmakers are pushing to peer into Trumps finances using an anti-money-laundering statute typically employed against kleptocrats, oligarchs, and crime kingpins. Their question: Where did the hundreds of millions Trump poured into his Scottish courses actually come from?
SNIP...
The size of Trumps wealth is a source of great debate, but two things are fairly well knownthe period between 2006 and 2014 included some of his lowest points, financially speaking, and even in the best of times, the amount he splurged in Scotland would be a ton of cash for him to have on hand, let alone spend so freely. And Trump made these Scottish investments amid a $400 million cash spending spree, documented by the Washington Post, in which he also purchased a golf club in Ireland, five courses in the United States, and several pricy homes.
The New Yorker estimated that Trump would have spent half his available cash on the purchase of Turnberry alone, concluding there wasnt enough money coming into Trumps known business to cover the massive outlay he spent renovating the property.
And the mystery deepens. Martyn McLaughlin, a Glasgow-based reporter for the Scotsman newspaper, discovered that in 2008 Trump approached a Scottish bank asking for a $63 million loan to buy and renovate a historic hotel near Edinburgh, overlooking the final hole of St. Andrews, the most famous golf course in the world. The terms he proposed were so ludicrously favorable to him that bank executives concluded Trump was asking for a free loan, and doing business with the developer was too risky. Meanwhile, Trump was touting his very strong cash position and his representatives were telling the Scottish public that he had more than $1 billion available to spend in their country. (The Trump Organization did not respond to questions from Mother Jones.)
CONTINUES...
https://www.motherjones.com/politics/2020/08/the-biggest-trump-financial-mystery-where-he-came-up-with-the-cash-for-his-scottish-resorts/
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Be still my heart. Vance subpoenas Trump's financial docs from Deutsche Bank [View all]
yellowcanine
Aug 2020
OP
The last sentence just answered my question. I was hoping being state would free them from delaying
Frustratedlady
Aug 2020
#5
The biggest, most wonderful and most fantastic prison that the world has ever seen
DenverJared
Aug 2020
#27
Wait for the right to start squawking that this is a political move at election time
Mr. Ected
Aug 2020
#17
I don't know. But I was confused by your post cause James is the NY AG. Guess you meant that?
triron
Aug 2020
#40
dont say be still, eep, be calm my beating heart. im not going to hold my breath,
AllaN01Bear
Aug 2020
#24
Rachel is reporting the subpoena was issued months ago, and the bank has already complied nt
Fiendish Thingy
Aug 2020
#31