2-14-2022
Trump Org's longtime accountants sever ties and warn ex-president's financial statements can't be trusted.
In explosive new court filing shows that the Trump Organization's longtime accounting firm no longer believes it can vouch for the company's financial statements.
In a letter sent to Trump Organization chief legal officer Alan Garten, Mazars general counsel William J. Kelly states that statements about Trump's financial condition ranging from the years 2011 through 2020 "should no longer be relied upon."
Kelly went on to explain that Mazars came to this conclusion "based, in part, upon the filings made by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources."
What's more, Kelly informed Garten that Mazars will not be
"able to provide any new work product to the Trump Organization" because the false claims made in the documents about Trump's finances have created "a non-waivable conflict of interest" with the company.
In conclusion, Kelly said that Mazars would "do everything reasonably possible to facilitate a smooth transition to your
new tax preparers."
((((((It means that they lied about their income and or valuations of all of their properties for over 10 years.
And could trigger his lenders to put his loans in default for being out of compliance on his loan covenants (if these specific financial statements
were listed in his loan docs)))) .
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