Tuesday, February 15, 2022

Slinking out the back door

The accounting firm that prepared former President Donald Trump’s annual financial statements said the documents, used to secure lucrative loans and burnish Trump’s image as a wealthy businessman, “should no longer be relied upon” after New York’s attorney general said they regularly misstated the value of assets.

In a letter to the Trump Organization’s lawyer on February 9, Mazars USA LLP advised the company to inform anyone who had possession of the documents not to use them when assessing the financial health of the company and the former president.

The firm also said it was cutting ties with Trump, its highest-profile client.

[...]

Kelly told Garten that Mazars could no longer work with Trump because of a conflict of interest and urged him to find another tax preparer.

  alJazeera
What interest? Staying out of jail?
James’ office included a copy of Kelly’s letter in a court filing as she seeks to enforce a subpoena to have Trump and his two eldest children, Donald Jr and Ivanka, testify under oath.

A state court judge, Arthur Engoron, is scheduled to hear arguments Thursday in the subpoena dispute.

[...]

The [Mazars] letter “confirms that after conducting a subsequent review of all prior statements of financial condition, Mazars’ work was performed in accordance with all applicable accounting standards and principles and that such statements of financial condition do not contain any material discrepancies,” the Trump Organization said.

“This confirmation effectively renders the investigations by the DA and AG moot.”
Completely exonerated, right?

...but hey, do what you want...you will anyway.

UPDATE:






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