Trump financial statements are found not to be authentic. After New York’s attorney general said the documents, which were used to secure lucrative loans and burnish Trump’s image as a wealthy businessman, “should no longer be relied upon,” the accounting firm that prepared former President Donald Trump’s annual financial statements said the documents “should no longer be relied upon.”
Mazars USA LLP urged the Trump Organization’s counsel in a letter dated February 9 to tell anybody who had obtained the records not to use them when analysing the company’s and the ex-financial president’s health.
The business also announced that it was ending its relationship with Donald , its most high-profile customer.
Mazars’ letter was made public in a court filing on Monday, just weeks after New York Attorney General Letitia James announced that her civil investigation had discovered evidence that Trump and his company used “fraudulent or misleading” valuations of their golf clubs, skyscrapers, and other properties to obtain loans and tax benefits.
“While we have not concluded that the various financial statements, as a whole, contain material discrepancies,” Mazars General Counsel William J Kelly wrote to his Donald Organization counterpart, Alan Garten, “we believe our advice to you to no longer rely on those financial statements is appropriate.”
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