US Judge finds ex-president Donald Trump liable for ‘false valuation’ of golf course in massive fraud
A New York court has ruled that former President Donald Trump cheated with his finances and committing fraud by showing false value of his properties including his golf course.
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Donald Trump (Pic Credit: Imago)
The drama and controversy revolving around former United States president Donald Trump knows no end. The 77-year-old politician is one of the most popular figures around the globe. He has once again become the center of attention regarding golf. A judge has now ruled that he and his company are liable for the “false valuation” of one of his golf courses in Scotland.
One of his Turnberry courses in Scotland was earlier rejected by the Open Championship organizers. He has now suffered another setback following his statement by the judge. Trump though, has denied any wrongdoing in the matter.
According to the Supreme Court ruling, Trump is said to have committed fraud and claimed that the former USA leader lied about his net worth. He did so by inflating the prices of his real-estate projects and portfolios. Trump along with his two elder sons have been accused in this matter. The attorney further added that the evidence was so strong, there was no need for a trial.
Could Donald Trump lose his golf course due to this inflation fraud?
Donald Trump has made several headlines for all the wrong reasons in the past. His popularity has seen several scandals be exposed. Despite his political shenanigans, he has been a marquee name on the golf scene. The former president is a huge fan of golf and has claimed on various occasions that he is better than other leaders in this sport.
Recently he shared that he posted a dominating score of 67 at the Senior Championship. This led to many arguing whether it was actually real or not as before that a video of him shaking his shot at a practice round emerged. The question that now arises is, will he lose his golf course due to his inflation fraud?
While he will not be forced to hand over the property, he could technically lose his golf course and his other properties. With the court case about to start next month, he would still own this property, but they will be placed under receivership. This means he will not be allowed to sell them or try and secure loan funding.
Trump though has claimed that this decision was bogus and it was “a very sad day for the New York State System of Justice.” He is likely to challenge this in the higher court. How will his alleged $2.2 billion fraud impact him going forward remains to be seen.
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Vinay Dave
(1770 Articles Published)