GettyThe Trump Org valued a golf course in Scotland based on a media quote, per a legal filing. The firm said the the course was worth $161 million, five years after Trump bought it for $12.6 million. The Trump Organization based its $161 million valuation for one of Donald Trump's Scottish golf resorts on a quote a company executive gave to Forbes magazine, New York Attorney General Letitia James alleged. But in financial statements in 2011 it was valued at £75 million, or $161 million. In a statement Wednesday, the Trump Organization claimed the investigation was a politically motivated bid to damage its owner.

Source: Forbes January 20, 2022 14:52 UTC