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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.
He's been doing this for a very long time, decades in fact. I think this is just the tip of the iceberg:
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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.
His "great wealth" is all a con job. His Republican supporters who claimed "he must be competent because he is such a great businessman" are classic suckers, but it's very difficult to get suckers to admit to themselves they have been conned.
