The Hill - President Trump frequently exaggerated his assets and hid his debts while a businessman, according to documents reviewed by The Washington Post.
Trump would reportedly hand out documents called “Statements of Financial Condition” during business dealings. In these documents, Trump would allegedly misrepresent the property he owned, including omitting debts and overvaluing assets.
According to one such financial statement from 2011 reviewed by the Post, Trump said he had 55 home lots to sell at his golf course in Southern California. However, according to city records obtained by the Post, he only had 31 lots zoned and ready for sale. That difference accounted for at least $72 million in future revenue.
Trump made other reported exaggerations, including saying that his Virginia vineyard had 2,000 acres, when it really has about 1,200, and that Trump Tower has 68 stories when it really has 58.
No comments:
Post a Comment