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Demovictory9

(32,320 posts)
Tue Aug 4, 2020, 09:45 PM Aug 2020

Scottish lawmakers want to know where Trump got all that cash for his Turnberry golf resort

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.



the self-proclaimed “king of debt” typically takes out large loans to finance the ventures he does bankroll. In this case, Trump’s company proceeded with the development on its own. And it says it paid for everything in cash.



Such was also the case for Turnberry, the historic golf resort, an hour south of Glasgow, that Trump purchased in 2014 for $60 million. His large expenditures in Scotland were notable because they came during a rocky financial stretch for Trump. The year before purchasing the Aberdeenshire estate, he was ousted as CEO of his thrice-bankrupted casino business; in 2008, he defaulted on a large Deutsche Bank loan tied to a development in Chicago.

Like other Trump wagers, his Scottish gamble has so far not worked out. Both resorts are bleeding millions annually. Meanwhile, he and his company have spent years viciously skirmishing with various locals and government agencies that resisted Trump’s plans to build luxury housing on the fringes of the resorts, which the Trump Organization seems to view as vital to profitability.

If business was lackluster before, it’s dismal now that the coronavirus pandemic has all but halted the Scottish golf season, at least as far as international travelers are concerned. To make matters worse, as Trump’s hospitality empire grapples with the fallout of COVID-19, it also faces a series of maturing debts, loans amounting to nearly a half-billion dollars, which need to be paid down or refinanced over the next four years.

Recently, a new—and perhaps bigger—threat to Trump has emerged in Scotland. Scottish lawmakers are pushing to peer into Trump’s 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?


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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Scottish lawmakers want to know where Trump got all that cash for his Turnberry golf resort (Original Post) Demovictory9 Aug 2020 OP
From Russia, where else? louis-t Aug 2020 #1
It was just about that same period in time... SergeStorms Aug 2020 #11
From Russia With Love. nt 42bambi Aug 2020 #13
I give them 3 guesses and the first 2 don't count. triron Aug 2020 #33
Let's hope the walls are closing in on our institutionalized impeached so call "president"! Illumination Aug 2020 #41
Do tell. tanyev Aug 2020 #2
Bwahaha soothsayer Aug 2020 #3
Nice meme... Wounded Bear Aug 2020 #4
TY SCOTLAND! Fucker Traitor Stole the "Cash" from America.. Cha Aug 2020 #5
Cha Illumination Aug 2020 #43
A good time to revisit this timeline of drumpf shenanigans soothsayer Aug 2020 #6
Good resource - thanks. (nt) klook Aug 2020 #12
Gee, it's a real mystery, isn't it? smirkymonkey Aug 2020 #7
I really like that! triron Aug 2020 #34
smirkymonkey Excellent! You're so cleaver! Illumination Aug 2020 #42
Correction Illumination Aug 2020 #49
Go Scotland, GO! dmr Aug 2020 #8
The Scots can be a nasty lot. Eyeball_Kid Aug 2020 #18
A people that have the thistle as a national symbol are likely to be a prickly lot. TomSlick Aug 2020 #22
kilt-wearing thistle jumpers certainot Aug 2020 #29
Aye. That's me. TomSlick Aug 2020 #30
aye been huntin and cuttin invasive thistles (canada) for years - very nasty and prickly! certainot Aug 2020 #45
This message was self-deleted by its author TomSlick Aug 2020 #23
And there's no Mitch McConnell to help him get away with it. chriscan64 Aug 2020 #9
I looked up Jonathan Swan tonight. SleeplessinSoCal Aug 2020 #10
Just the right people to bring down a "spoon" like Trump. klook Aug 2020 #14
I've only just made the connection canetoad Aug 2020 #16
These questions should have been asked 5 years ago. gordianot Aug 2020 #15
... Cirque du So-What Aug 2020 #17
If only . . . Aussie105 Aug 2020 #19
My guess would be Russia is the source. nt cstanleytech Aug 2020 #20
Or he grift the money from us U.S. taxpayers ... aggiesal Aug 2020 #21
Yes, that is the question for the Scots to look into bucolic_frolic Aug 2020 #24
One would think they'd have checked that at the point of purchase, when the deal went down. ancianita Aug 2020 #25
Go Scotland! cp Aug 2020 #26
Go get him, lovely Scottish people. Thank you from the bottom of our American hearts!!!!!! northoftheborder Aug 2020 #27
You bet! PatrickforO Aug 2020 #28
Money laundering? warmfeet Aug 2020 #31
I still can't believe Mueller didn't look into Trump's finances Taraman Aug 2020 #32
But U.S. lawmakers? They say 'duh, what money?' triron Aug 2020 #35
It's our tax money from that $500 billion he stole from the CARES pkg. live love laugh Aug 2020 #36
Wouldn't it be rich for Scotland to prosecute Trump for money laundering. Lonestarblue Aug 2020 #37
Very sweet. triron Aug 2020 #39
Loch him up Yo_Mama_Been_Loggin Aug 2020 #38
knr triron Aug 2020 #40
Sure would be nice Smackdown2019 Aug 2020 #44
Nice to dream. triron Aug 2020 #46
Perhaps the Scots can help us find out about why the State Dept's IG report on this hasn't come out. triron Aug 2020 #47
knr triron Aug 2020 #48
"Buying a place there would be like flying to Italy to go to an Olive Garden" muriel_volestrangler Aug 2020 #50
Lock him up!!!!! Yo_Mama_Been_Loggin Sep 2020 #51

SergeStorms

(18,882 posts)
11. It was just about that same period in time...
Tue Aug 4, 2020, 10:47 PM
Aug 2020

that Eric "Gums" Trump was telling anyone who asked that, “We don’t rely on American banks. We have all the funding we need out of Russia.” They all bragged about the same thing with selling Russians their condos in New York. They're all up to their receding hairlines in dirty Russian money.

 

Illumination

(2,458 posts)
43. Cha
Wed Aug 5, 2020, 08:51 PM
Aug 2020

Hello Cha
Very possible. Imagine how much taxpayer $ him, his mob boys, family, elite, etc. have!

Eyeball_Kid

(7,410 posts)
18. The Scots can be a nasty lot.
Tue Aug 4, 2020, 11:21 PM
Aug 2020

They’re not likely to give up on this quest very easily. OTOH, I’d venture a guess that they already know the answer to their probe.

TomSlick

(11,032 posts)
22. A people that have the thistle as a national symbol are likely to be a prickly lot.
Wed Aug 5, 2020, 12:16 AM
Aug 2020

[link:|


Nemo me impune lacessit.

 

certainot

(9,090 posts)
45. aye been huntin and cuttin invasive thistles (canada) for years - very nasty and prickly!
Wed Aug 5, 2020, 10:25 PM
Aug 2020

they were starting to take over the tall grass areas the bear and moose and elk like. when i pull them it has to be leather gloves but mostly have to chop every year. after a few years they're declining. some folks make gin out of them and others say they cure cancer but i'm trying to start a rumor they are freakin great to smoke...

according to ma and the genes i'm 1/6 or so from that part of the isles

Response to Eyeball_Kid (Reply #18)

SleeplessinSoCal

(8,992 posts)
10. I looked up Jonathan Swan tonight.
Tue Aug 4, 2020, 10:44 PM
Aug 2020

His father Norman was a Scottish physician. Now a journalist living and working in Australia, he has become the default Coronavirus expert.

Scotland. Land of the Super Swans!

#DumpTrumpdumps

klook

(12,134 posts)
14. Just the right people to bring down a "spoon" like Trump.
Tue Aug 4, 2020, 10:52 PM
Aug 2020

AND the home country of Andrew Cotter of Olive & Mabel fame.

canetoad

(17,088 posts)
16. I've only just made the connection
Tue Aug 4, 2020, 11:00 PM
Aug 2020

Am familiar with Dr Norman Swan, but didn't put two and two together until an hour ago.

This doco is being released on 18th August I believe.


You’ve Been Trumped Too: Documentary that Trump ‘doesn’t want you to see’ to be released worldwide
Trump has tried to block the film from being seen for the past four years

A damning documentary about Donald Trump that the US president “doesn’t want you to see” is getting released worldwide.

Having been held back by legal threats from the Trump Organisation for the past four years, You’ve Been Trumped Too has been picked up for release, and will arrive less than three months before the 2020 US election.

The documentary explores the “deeply troubling” confrontation between Trump and 96-year-old Scottish widow Molly Forbes half a decade after it’s discovered that the president’s workers shut off her family’s water supply while constructing a luxury golf resort near Aberdeen.

These events were first documented in 2011 film You’ve Been Trumped.

https://www.independent.co.uk/arts-entertainment/films/news/trump-documentary-youve-been-trumped-too-release-date-trailer-golf-course-a9645371.html


gordianot

(15,226 posts)
15. These questions should have been asked 5 years ago.
Tue Aug 4, 2020, 10:58 PM
Aug 2020

No one will ever convince me it was not known Trump was a major crook.

Aussie105

(5,211 posts)
19. If only . . .
Tue Aug 4, 2020, 11:32 PM
Aug 2020

America had laws like that . . .

"peer into Trump’s finances using an anti-money-­laundering statute typically employed against kleptocrats, oligarchs, and crime kingpins."

Well, I guess America does. But a law that is not enacted and followed through, might as well not exist.

But Trump only buys stuff to make himself look Bigly Competent as a businessman.

Where the money comes from, or if the assets are profitable and the loans serviceable legally, don't matter to him.

aggiesal

(8,863 posts)
21. Or he grift the money from us U.S. taxpayers ...
Wed Aug 5, 2020, 12:14 AM
Aug 2020

But, Russia is a very educated assumption.
Let's hope we find out.

bucolic_frolic

(42,656 posts)
24. Yes, that is the question for the Scots to look into
Wed Aug 5, 2020, 06:16 PM
Aug 2020

Billionaires don't have to become President, they spend too much time managing their billions. Billionaires are not climbers. They have it already and behave as such.

ancianita

(35,812 posts)
25. One would think they'd have checked that at the point of purchase, when the deal went down.
Wed Aug 5, 2020, 06:20 PM
Aug 2020

I imagine it's a bit late, but if they have legal recourse, good luck with it.

warmfeet

(3,321 posts)
31. Money laundering?
Wed Aug 5, 2020, 07:47 PM
Aug 2020

Well! I am shocked I tell you. Orange asshole involved in money laundering? Hard to believe.

x ?

Lonestarblue

(9,874 posts)
37. Wouldn't it be rich for Scotland to prosecute Trump for money laundering.
Wed Aug 5, 2020, 08:20 PM
Aug 2020

If found guilty, he could never go to his Turnberry golf resort because he could be arrested and jailed. Oh, what a lovely thought—and no pardons possible. Maybe it’s time for Trump to defect to Russia.

Smackdown2019

(1,169 posts)
44. Sure would be nice
Wed Aug 5, 2020, 09:17 PM
Aug 2020

It would be nice if a swift action happens in Scotland and all assets be frozen. A hopeful quick trial will be ensued, tying the brats to the crimes. Extradition to Scotland should be honored. Of course reality is of today, tomorrow is just a dream.

Please let it be January 21 2021 already!

muriel_volestrangler

(101,146 posts)
50. "Buying a place there would be like flying to Italy to go to an Olive Garden"
Fri Aug 7, 2020, 09:18 AM
Aug 2020

Not that I'm trying to stir up controversy on DU or anything ...

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