Trump Properties Targeted In Money Laundering Investigation In Scotland

Trump Properties Targeted In Money Laundering Investigation In Scotland

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Donald Trump could easily be in danger of losing his properties in Scotland, depending on the results of a judicial review into how he paid for the properties many years ago. Scottish law allows for reviews of “wealth transfers” to determine if any corruption or money laundering was involved, and they believe that the fact that Trump hasn’t paid any taxes on his Scottish club nor has he turned a profit are signs that things aren’t legit. Farron Cousins explains what’s happening.

Link – https://www.scotsman.com/news/politics/court-grants-permission-for-judicial-review-into-unexplained-wealth-order-against-donald-trump-3342131

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*This transcript was auto-generated. Please excuse any typos.

Prosecutors and investigators in New York might be looking at Donald Trump and his companies for possible bank fraud, tax fraud, wire fraud, all kinds of fraud. But over in Scotland, they’re taking a different approach. You see, in Scotland, it is now being reported that Trump’s properties are being investigated as part of a possible money laundering scheme. Now, this is fairly complicated as they’re dealing with laws from a different country. So I’m going to try my best to explain what is taking place over there. First and foremost, they have what are called you. Don’t, I’ll be you owes. And that stands for unexplained wealth

Orders. So

What happens is you have the legal system

And the government in Scotland, looking

At Donald Trump’s properties, which he is now owned for 16 years in the country. And they’re saying,

Well, hold up, wait a minute.

You’ve never paid taxes on these properties. You’ve never turned a profit off of any of them in 16 years. And this is great. Uh, the petition and the court says no reasonable. There are no reasonable grounds to suspect that known sources of lawfully obtained income would have been sufficient to bankroll Mr. Trump’s acquisition of the Scottish properties. So basically because of this unexplained wealth order, they’re wondering where’d you get the money to buy the properties because you don’t have enough money to buy the properties or you didn’t at the time. So we need to look into that to see if there’s possible, pay to play on behalf of Scottish politicians. You know, it may not just be the Trump organization. These UWS are typically, uh, involving government officials or other high ranking officials in the country to see if there is any kind of, oh, we’ll pay you this, you do this, the yada yada, that’s one

Way that UWS are used.

And that’s what they’re doing here. Trying to figure out where the hell the money come from, man, you were too broke to pay for this. But I think the bigger thing that they’re looking into is one obviously much like in New York, uh, you’re not paying taxes. So that’s, that’s a big problem. But two 16 years, you haven’t turned a profit. Yet you are still running this business.

Now that’s a little weird, right?

If you were a business owner and you’d been doing it for 16 years, even if you had other highly profitable properties, but you had one

Or to sitting over in another country, actually losing money every year, or at least

Showing no profit, uh, wouldn’t you shut it down. You know, you have no reason to keep this liability if it’s costing you money. And so I think that is the bigger target here. Why are you keeping

This open

If you’re actually losing money on it, or at the very least not turning a profit, even if it’s just

Operating expenses, even which would raise him

And more red flags, 16 years of no profits, but no losses that doesn’t seem like a business that’s on the record. Okay. That’s pretty much pulled directly from the plot of the dark night. Uh, but either way, they’re looking into this now because of these unexplained wealth orders, which I, I personally believe we need these things here in the United States, right? The government should be able to look at what’s happening throughout the country and maybe take a step back and say, well, hold the hell up. How’d you pay for this? You don’t have the money. Where is all of this coming from? I think that is a great way to do business personally, for the federal government. And we need

That here in the United States. So

What kind of penalties could Trump be looking at if they determine he is part of some kind of money laundering scheme, and again, they’re not even accusing him of anything yet they’re investigating to make sure none of that is happening. So that’s a very important distinction to make here. They’ve not been accused, they have not been charged.

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Donald Trump could easily be in danger of losing his properties in Scotland, depending on the results of a judicial review into how he paid for the properties many years ago. Scottish law allows for reviews of “wealth transfers” to determine if any corruption or money laundering was involved, and they believe that the fact that Trump hasn’t paid any taxes on his Scottish club nor has he turned a profit are signs that things aren’t legit. Farron Cousins explains what’s happening.

Link – https://www.scotsman.com/news/politics/court-grants-permission-for-judicial-review-into-unexplained-wealth-order-against-donald-trump-3342131

Don’t forget to like, comment, and share! And subscribe to stay connected!

Connect with Farron on Twitter: https://twitter.com/farronbalanced

*This transcript was auto-generated. Please excuse any typos.

Prosecutors and investigators in New York might be looking at Donald Trump and his companies for possible bank fraud, tax fraud, wire fraud, all kinds of fraud. But over in Scotland, they’re taking a different approach. You see, in Scotland, it is now being reported that Trump’s properties are being investigated as part of a possible money laundering scheme. Now, this is fairly complicated as they’re dealing with laws from a different country. So I’m going to try my best to explain what is taking place over there. First and foremost, they have what are called you. Don’t, I’ll be you owes. And that stands for unexplained wealth

Orders. So

What happens is you have the legal system

And the government in Scotland, looking

At Donald Trump’s properties, which he is now owned for 16 years in the country. And they’re saying,

Well, hold up, wait a minute.

You’ve never paid taxes on these properties. You’ve never turned a profit off of any of them in 16 years. And this is great. Uh, the petition and the court says no reasonable. There are no reasonable grounds to suspect that known sources of lawfully obtained income would have been sufficient to bankroll Mr. Trump’s acquisition of the Scottish properties. So basically because of this unexplained wealth order, they’re wondering where’d you get the money to buy the properties because you don’t have enough money to buy the properties or you didn’t at the time. So we need to look into that to see if there’s possible, pay to play on behalf of Scottish politicians. You know, it may not just be the Trump organization. These UWS are typically, uh, involving government officials or other high ranking officials in the country to see if there is any kind of, oh, we’ll pay you this, you do this, the yada yada, that’s one

Way that UWS are used.

And that’s what they’re doing here. Trying to figure out where the hell the money come from, man, you were too broke to pay for this. But I think the bigger thing that they’re looking into is one obviously much like in New York, uh, you’re not paying taxes. So that’s, that’s a big problem. But two 16 years, you haven’t turned a profit. Yet you are still running this business.

Now that’s a little weird, right?

If you were a business owner and you’d been doing it for 16 years, even if you had other highly profitable properties, but you had one

Or to sitting over in another country, actually losing money every year, or at least

Showing no profit, uh, wouldn’t you shut it down. You know, you have no reason to keep this liability if it’s costing you money. And so I think that is the bigger target here. Why are you keeping

This open

If you’re actually losing money on it, or at the very least not turning a profit, even if it’s just

Operating expenses, even which would raise him

And more red flags, 16 years of no profits, but no losses that doesn’t seem like a business that’s on the record. Okay. That’s pretty much pulled directly from the plot of the dark night. Uh, but either way, they’re looking into this now because of these unexplained wealth orders, which I, I personally believe we need these things here in the United States, right? The government should be able to look at what’s happening throughout the country and maybe take a step back and say, well, hold the hell up. How’d you pay for this? You don’t have the money. Where is all of this coming from? I think that is a great way to do business personally, for the federal government. And we need

That here in the United States. So

What kind of penalties could Trump be looking at if they determine he is part of some kind of money laundering scheme, and again, they’re not even accusing him of anything yet they’re investigating to make sure none of that is happening. So that’s a very important distinction to make here. They’ve not been accused, they have not been charged.

Thanks for watching the Trump Properties Targeted In Money Laundering Investigation In Scotland video!

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