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Accounting Firm Cuts Ties With Trump and Retracts Financial Statements


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This can’t be good for Trumpco…….

Accounting Firm Cuts Ties With Trump and Retracts Financial Statements

Source: NY Times/

By Ben Protess and William K. Rashbaum 
Feb. 14, 2022, 4:01 p.m. ET 
Donald J. Trump’s longtime accounting firm abruptly cut ties with 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 the former president and his company. The Manhattan district attorney’s office and the office of the New York attorney general, Letitia James, have been investigating whether Mr. Trump used the statements to defraud his lenders into providing him the best possible loan terms.

Read more: https://www.nytimes.com/2022/02/14/nyregion/mazars-trump-organization-financial-statements.html 
 
 
 
 
Edited by Mainecat
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13 minutes ago, Mainecat said:

The rats and even McConnell are jumping the Trumptanic.

Sharpton

Rangel

Kerry

Geithner

Daschle

Jefferson 

Franken  

Kennedy 

Biden  

 

All dodged taxes and liberals didn’t seem to mind 

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2 minutes ago, Mainecat said:

Looks like the 10 years worth of trump financial statement lies are going to cost him bigley.

The GSA may recall the lease on Trumps DC hotel due to the fraudulent financial statements. 
 

the story evolves.

 

4a40kf.jpg

656y68.jpg

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6 minutes ago, Mainecat said:

Looks like the 10 years worth of trump financial statement lies are going to cost him bigley.

The GSA may recall the lease on Trumps DC hotel due to the fraudulent financial statements. 
 

the story evolves.

 

65pql0.jpg

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Just now, Mainecat said:

Your easy to trigger. Cause when you can’t add to the topic drop your mind to a 10 year old and reply. Or is it a drop?

You're ...

Better go study Level 1 English. Dumbfuck. 

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54 minutes ago, Mainecat said:

Looks like the 10 years worth of trump financial statement lies are going to cost him bigley.

The GSA may recall the lease on Trumps DC hotel due to the fraudulent financial statements. 
 

the story evolves.

thought he dumped that property or at least was looking to

 

When your accountants do this your business is fucked.    But they also expose themselves as they should have properly vetted the information.  Lawsuits till the end of time on this.   Prob time to BK another business and start fresh like most developers.  

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The fact that Trump fights everything......subpoenas, depositions, tax documents, EVERYTHING, speaks volumes.

He will fight every charge against him, tooth and nail. I think this is why these investigations are taking so long.......they want an air-tight case against him. To some degree I believe they are afraid of him and his strong legal defense.

For the record, I dislike the Clintons, Bushes, Obamas, Trumps, and Bidens. 

They have ruined us for 29 years. 

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5 minutes ago, Angry ginger said:

thought he dumped that property or at least was looking to

 

When your accountants do this your business is fucked.    But they also expose themselves as they should have properly vetted the information.  Lawsuits till the end of time on this.   Prob time to BK another business and start fresh like most developers.  

Dont hate the playa', hate the game. 

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  • Trying to pay the bills, lol

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