Prosecutors Subpoena Records from Trump's Scottish Golf Clubs
Source: Vanity Fair
Maryland prosecutors have subpoenaed a company owned by Donald Trump for records related to his Scottish golf courses, seeking information about the presidents possible violations of the emoluments clause of the Constitution. According to The Times of London, Maryland Attorney General Brian Frosh demanded the financial filings of DJT Holdings LLCwhich owns the presidents Scotland resorts, as well as Trump International Hotel in Washingtonas part of an investigation into whether profits from Trumps D.C. hotel were flowing to the president through his affiliated entities.
Before taking office, Trump promised to distance himself from his web of business interests, putting sons Don Jr. and Eric in charge. But Trump Sr. has retained his financial ties to his company, and questions about how his presidency may have benefitted his pocketbook have cast a shadow over his administration, home to others Scott Pruitt, Ryan Zinke whove allegedly mined their public offices for personal gain. We are confident that at the end of discovery we will be able to prove our case that President Trump is violating the Constitutions emoluments clauses, Americas first anti-corruption laws, Frosh told the Times.
Trumps D.C. hotel has been the subject of particular scrutiny, as international officials and business leaders seemingly seek to curry favor with the president by frequenting it. But despite Froshs confidence, emoluments cases are rare, and challenging to prove. Potentially more worrisome for the president is the possibility that the Maryland subpoena could reveal the unknown source of DJT Holdingss funding. In a congressional hearing last year, Glenn Simpson, the founder of Fusion GPSthe research firm that hired Christopher Steele to assemble a dossier on Trumps ties to Russiaintimated the company could be financially linked to foreign powers. The Irish courses and the Scottish courses . . . dont, on their face, show Russian involvement, but what they do show is enormous amounts of capital flowing into these projects from unknown sources, he said. Its hundreds of millions of dollars. And these golf course are just, you know, theyre sinks. They dont actually make any money.
Read more: https://www.vanityfair.com/news/2019/02/trump-scottish-golf-clubs-subpoena-financial-records
We're not talking golf clubs as in irons versus woods versus putters here.
louis-t
(23,295 posts)per year? Such a great businessman. Smells like money laundering operations.
erronis
(15,302 posts)LakeSuperiorView
(1,533 posts)Just because the club is losing money doesn't mean Trump isn't siphoning cash. And even if he isn't the clubs could be losing even more money if not for illicit cash streams. The accounting of an organization as big as golf club has many possibilities for money laundering, all the while making it look like a tax write off. Not saying that it is, just that it is possible.
gay texan
(2,453 posts)Man, I must really be tired....
PJMcK
(22,037 posts)Thanks, gay texan.
Sleep well tonight, my friend.
iluvtennis
(19,862 posts)all this was known when he launched his run in 2015.
PeeJ52
(1,588 posts)Another story in BBC quoted tRump org as saying they sunk 150 million by Oct 2016, and he was paying for his campaign too? Where did he get the money?
smirkymonkey
(63,221 posts)FakeNoose
(32,645 posts)Every state where the Trump organization is operating needs to start investigating these bastards. He's breaking laws and hiding money everywhere, not just in New York and Washington DC. Come on Florida, come on New Jersey - there's got to be plenty of nasty illegal stuff hiding in Trump's vaults.