HOME



Digby's Hullabaloo
2801 Ocean Park Blvd.
Box 157
Santa Monica, Ca 90405



Facebook: Digby Parton

Twitter:
@digby56
@Gaius_Publius
@BloggersRUs (Tom Sullivan)
@spockosbrain



emails:
Digby:
thedigbyblog at gmail
Dennis:
satniteflix at gmail
Gaius:
publius.gaius at gmail
Tom:
tpostsully at gmail
Spocko:
Spockosbrain at gmail
tristero:
Richardein at me.com








Infomania

Salon
Buzzflash
Mother Jones
Raw Story
Huffington Post
Slate
Crooks and Liars
American Prospect
New Republic


Denofcinema.com: Saturday Night at the Movies by Dennis Hartley review archive

January 2003 February 2003 March 2003 April 2003 May 2003 June 2003 July 2003 August 2003 September 2003 October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019


 

This page is powered by Blogger. Isn't yours?

Hullabaloo


Thursday, August 22, 2019

 
And he had the nerve to call Clinton crooked

by digby



President Donald Trump has filed financial disclosure statements that appear to misstate the value and profitability of his Scotland golf courses by $165 million, possibly violating federal laws that are punishable by jail time.

Trump claimed in his 2018 U.S. filing that his Turnberry and Aberdeen resorts were each worth more than $50 million. For that same time period, he filed balance sheets with the United Kingdom government showing that their combined debt exceeded their assets by 47.9 million British pounds ― the equivalent of $64.8 million at the exchange rate on Dec. 31, 2017, the date of the last U.K. filing available.

His 2018 “public financial disclosure” filed with the U.S. Office of Government Ethics also claims those two resorts earned him “income” of $23.8 million. His filings with the U.K. Companies House office in Edinburgh for that period showed the resorts had actually lost 4.6 million pounds ― equal to $6.3 million.

His U.S. disclosure statement also fails to mention $199.5 million in loans Trump has made to those resorts: $54.9 million from him personally to Trump International, Scotland in Aberdeenshire; $144.6 million from his trust to Trump Turnberry in Ayrshire.

Knowingly providing false or incomplete information on that form is a violation of the Ethics in Government Act punishable by up to a year in jail. Signing the form attesting to the untrue information constitutes making a false statement, punishable by up to five years in prison.

“The numbers don’t appear to add up,” said Virginia Canter, an ethics law expert with Citizens for Responsibility and Ethics in Washington. She added, though, that OGE regulations give filers a fair amount of latitude in determining asset value. “That said, it’s not at all clear after reviewing the U.K. balance sheet for Aberdeen how they came to $50 million. … I think it raises legitimate questions.”

Yeah, yeah. No big deal. Yet another possible criminal act by the president of the United States. Republicans are all fine with it. He could shoot someone on 5th avenue ...

Early Tuesday evening, after this article was published and days after HuffPost first sought comment, the Trump Organization, his family business that operates the resorts, responded through Chief Legal Officer Alan Garten, who said the two sets of statements are filed under different accounting and legal standards. “As a result, while both filings provide financial information, the filings each have distinct reporting requirements and standards. Thus, the two filings cannot and should not be compared,” Garten wrote in an email.

He did not respond to follow-up questions about the widely divergent claims regarding assets and income and why Trump failed to disclose the two loans.

The story goes on to report some of the other financial crimes Trump is credibly accused of committing over the years. But this is happening right now, while he's in the White House:

Trump’s golf courses in Scotland and Ireland offer unique insights into the state of Trump’s businesses because they are required to submit detailed financial documents annually, even though they are privately held. In the United States, where the vast majority of Trump’s businesses are located, there is no such disclosure requirement ― meaning there is no straightforward way of determining whether Trump has similarly misstated the asset value and profitability of his U.S. properties.

Americans would have a clearer understanding of the actual financial health of Trump’s businesses had he kept his initial promise to release his tax returns if he ran for president. But Trump reneged on that pledge almost immediately after entering the race. At first he claimed he would release the returns after “routine audits” had been completed, before eventually arguing that Americans had voted for him anyway and that they were not interested in seeing his taxes. In doing so, he became the first major-party nominee since Watergate to fail to disclose his returns.

Trump’s supposed great wealth was a major selling point for him during his campaign in the Republican primaries. Weeks after entering the race in June 2015, Trump declared in a press release that his net worth was “in excess of TEN BILLION DOLLARS.” In a recent speech, he claimed the presidency was forcing him to lose billions: “It’s probably costing me from three to five billion,” he told workers at a petrochemical plant in western Pennsylvania last week. “I don’t care. I want to do the right job.”

Both of those assertions are almost certainly false.

In the 2005 book TrumpNation, business journalist Timothy L. O’Brien wrote that Trump was most likely worth no more than $250 million, not the many billions of dollars he was claiming at the time. Trump sued him for defamation, but lost ― and in the process lied dozens of times about his business dealings in a deposition taken by O’Brien’s lawyers.

In 2015, National Journal found that Trump had made so many poor business decisions over the years that had he simply taken the fortune his father placed him in charge of in 1974 and put it into a broad index fund, he would have been far wealthier than he wound up.

Despite those and a great deal of other published reports that detailed his multiple casino bankruptcies and poor track record in business, Republican voters chose to support him anyway.

Rick Tyler, who worked for Texas Sen. Ted Cruz’s campaign in the 2016 GOP presidential primaries, said Republican voters were not paying attention to news coverage that picked apart Trump’s creation myth. “His ostentatious opulence and his willingness to flaunt it led many Republicans to believe that he possessed the business acumen needed to straighten out Washington,” Tyler said. “Republicans should now acknowledge that assumption was false.”

He's a shameless criminal. And yet at least 50 million Americans, probably more, are going to vote for him again in 2020. They just like the fact that he owns the libs. That's it.

.