Donald Trump’s own accounting firm gives up on him, says financial records for the last ten years cannot be trusted

Reuters

Any question now as to why he will not release his taxes? Yet, people will still not repent for supporting this most obvious of conmen, nor is the Republican Party going to change course. The perverse devotion and loyalty this man inspires among so many is simply impossible to break. It is baffling, it is scary, and it is not going to end well. Via the New York Times -  

Donald J. Trump’s longtime accounting firm cut ties with him and his family business last week amid ongoing criminal and civil investigations into whether Mr. Trump illegally inflated the value of his assets, court documents filed on Monday show. 

In a letter to the Trump Organization on Feb. 9, the accounting firm notified the company of its decision and disclosed that it could no longer stand behind annual financial statements it prepared for Mr. Trump. The firm, Mazars USA, compiled the financial statements based on information the former president and his company provided. 

The letter instructed the Trump Organization to essentially retract the documents, known as statements of financial condition, from 2011 to 2020. In the letter, Mazars noted that the firm had not “as a whole” found material discrepancies between the information the Trump Organization provided and the actual value of Mr. Trump’s assets. But given what it called “the totality of circumstances,” the letter directed the Trump Organization to notify anyone who received the statements that they should no longer rely on them. 

The statements, which Mr. Trump used to secure loans, are at the center of the two law enforcement investigations into whether Mr. Trump exaggerated the value of his properties to defraud his lenders into providing him the best possible loan terms. 

The disclosures about Mazars’ work for Mr. Trump appeared in new court documents filed by the New York attorney general, Letitia James, who is seeking to question the former president and two of his adult children under oath as part of her civil investigation. 

Mr. Trump’s lawyers had asked a judge to prohibit the questioning, and in response, Ms. James’s office argued in court papers last month that the company had engaged in “fraudulent or misleading” practices. 

Her filing on Monday — which marked her latest attempt to press ahead with questioning Mr. Trump as well as Donald Trump Jr. and Ivanka Trump — included a copy of the Mazars letter, signed by the accounting firm’s general counsel. 

The Manhattan district attorney’s office has been conducting a separate criminal investigation, with the assistance of lawyers from Ms. James’s office. (Read more)

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