Donald Trump, his companies and some executives have been found to have fraudulently inflated the valuations of non-existent Scottish golf club properties by up to £200m as part of a scheme to dupe banks and others and borrow more at lower rates, it can be revealed.
It comes as it emerged the Aberdeen club’s operating company has run at a deficit since it opened in 2012, and has amassed total losses in the ensuing 11 years of £13.025m.
This is part of the New York fraud trial that Trump recently lost.
From the fraud case p 67 and 68
