Over the past several months, former United States President Donald Trump has faced scrutiny after a civil fraud trial exposed him and his company for fraudulently overvaluing his golf courses in order to receive more favorable lone terms and insurance rates. However, the added level of scrutiny did not seem to stop him from continuing to overinflate the value of his golf courses.
According to a report from Newsweek, Donald Trump was caught continuing to fraudulently overvalue his golf courses by failing to account for depreciation on any of the equipment such as tractors, lawnmowers, and other machinery. As a result, the value of all of that equipment was 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.”
Obviously, it’s pretty terrible news for Trump that he was caught continuing to fraudulently overvalue his golf courses in the middle of a civil trial into this fraud, and that led to a lot of reactions on social media as a result.
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
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
#GOP will lie to protect #Trump at every turn. https://t.co/oLSH83x7sy
— Mark S. Novak (@Marknovakusa) January 30, 2024
Hey, he cheats when he plays golf, you think he also doesn't cheat on this?
— Marc (@GDoc2001) January 30, 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
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
This certainly isn’t a good look for Trump.
