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Trump Accountants To Trump Family: You're Fired! Surprised To Find Out That Trump Is A Crook?



Mazars is a massive worldwide accounting firm founded in France in 1945 right after the fascists were defeated. They have affiliates in 90 countries, including the U.S. as you've no doubt read when 3 House committees subpoenaed Mazars for Trump's fraudulent tax records, the company was willing to comply with the subpoena, but Trump, personally, sued them to stop them. Trump lost both in the district court and on appeal and then went whining to the Supreme Court, which has been tap-dancing around the case ever since.

Yesterday, investigative reporters Ben Protess and William Rashbaum wrote that Mazars cut ties with Trump, his family and his businesses "saying it could no longer stand behind a decade of annual financial statements it prepared for the Trump Organization," Trump having illegally inflated and deflated the value of his assets. In a Feb. 9 letter, Mazars "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'-- including Mazars’ own investigation-- the letter directed the Trump Organization to notify anyone who received the statements that they should no longer rely on them. The statements, which Trump used to secure loans, are at the center of the two law enforcement investigations into whether Trump exaggerated the value of his properties to defraud his lenders into providing him the best possible loan terms."


Mazars’ acknowledgment that the statements were fundamentally flawed was a potential blow to the Trump Organization as it attempts to fend off the long-running scrutiny of its finances. And for Trump, whose personal finances are intertwined with those of his family business and who has long faced questions about his taxes, Mazars is the latest in a long line of companies to break with him over the last year, following in the path of several banks, insurers and lawyers.
...Mazars first moved to split with the Trump Organization last spring, and wound down its work during a transition to a new accounting firm, according to people with knowledge of the relationship. But the letter withdrawing the statements represented a sharper break, and its disclosure in the court filing was the first time the end of the business relationship has been made public.
In a statement, the accounting firm said that "under our standards of professional ethics, we cannot comment on any client services or relationships."
...Mazars said it concluded that the statements were no longer reliable based in part on the attorney general’s earlier filings, its own investigations and information the accountants received from "internal and external sources."


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