Former United States President Donald Trump has been facing scrutiny from courts regarding his alleged overinflating of property values as he faced a massive civil fraud case in the state of New York. However, it seems that the added scrutiny did not stop him from continuing to overinflate the value of his golf courses.
According to a report from Newsweek, Donald Trump did not account for any depreciation on any of the equipment – tractors, lawn mowers and other machinery – at any of his golf courses, which caused the value of all of that equipment to be overinflated.
“Donald Trump overinflated the value of his golf courses to a financial company even while under court scrutiny, an independent monitor’s report has found,” Sean O’Driscoll wrote for Newsweek. “Monitor Barbara Jones wrote that Trump put zero depreciation on equipment at his golf courses, thereby giving his properties an inflated value.”
Trump’s lawyer, Chris Kise, was not happy with these findings, calling it “shameful” that the courts would place such emphasis on the equipment, but it’s still pretty horrible news that Trump was still over-inflating the value of his assets while in the midst of such scrutiny. And it’s led to a lot of reactions on social media.
#GOP will lie to protect #Trump at every turn. https://t.co/oLSH83x7sy
— Mark S. Novak (@Marknovakusa) January 30, 2024
Well the Deutsch Bank inquiry was a fiasco.. so why not try and go after anything and everything..
— Christopher Prosch (@Pro1854) January 30, 2024
@HMRCgovuk don't be at the back of the queue. Trump and his company are going down so get what the UK is owed in PAYE/Taxes ASAP
— Neil Bowen (@NeilPBowen) January 30, 2024
Hey, he cheats when he plays golf, you think he also doesn't cheat on this?
— Marc (@GDoc2001) January 30, 2024
Even under a quasi receivership with a judge overseeing his finances, he is still lying. His court case will not turn out well for him. Once a fraud, always a fraud.
Finances of Donald Trump's Golf Courses Come Under Scrutinyhttps://t.co/EFbQFOKUBd
— Soldierette!! (@DCSoljaGurl) January 31, 2024
Finances of Donald Trump's Golf Courses Come Under Scrutiny https://t.co/mpllVOk047 Valuation Fraud not a political witch hunt. #TrumpForPrison2024 It is the same kind of fraud that lead to the market collapse in 2008.
— Largo_Mark (@MarkArm29966755) January 31, 2024
Finances of Donald Trump's Golf Courses Come Under Scrutiny https://t.co/J3ASbUZdIM Tell me more. Asking for a friend.
— Connie Pelchat (@ConniePelchat) January 30, 2024
We’ll have to see what Trump ultimately will owe in damages as a result of the judge’s findings.
