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President Trump filed financial disclosure statements that misstate the value and profitability of his Scotland golf courses by $165 million. This clearly violates federal laws that are punishable by jail time.

Trump’s 2018 U.S. filing asserts his Aberdeen and Turnberry resorts were each worth more than $50 million. For that same time period, he filed balance sheets with the United Kingdom government indicating their combined debt exceeded their assets by 47.9 million British pounds ― the equivalent of $64.8 million at the exchange rate on Dec. 31, 2017, the date of the last U.K. filing available.

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