The former guy’s longtime accounting firm, Mazars USA, cut ties with the Trump Organization last week while his family business has been under investigation for inflating the value of his assets, according to court documents filed Monday.
In a letter filed February 9, the accounting firm notified the Trump Organization that it could no longer stand behind annual financial statements it prepared for Mr. Trump. Mazars had compiled financial statements based on the information given them by the organization and TFG.
The letter instructed the Trump Org to retract documents known as “statements of financial condition” from 2011 to 2020. Mazars said they had not found direct discrepancies between what information had been provided to them and actual values of Trump assets, but cited “the totality of circumstances” to notify others that the statements were not reliable.
The Trump Org said it was disappointed in Mazar’s decision, then suggested that the development “effectively renders the investigations by the D.A. and A.G. moot.”
Attorney General Letitia James thought otherwise.
“As the most recent filings demonstrate, the evidence continues to mount showing that Donald J. Trump and the Trump Organization used fraudulent and misleading financial statements to obtain economic benefit,” James said in a statement Monday. “There should be no doubt that this is a lawful investigation and that we have legitimate reason to seek testimony from Donald J. Trump, Donald J. Trump, Jr., and Ivanka Trump.”
