Accounting firm drops Trump Org as client amid New York AG investigations

Former President Donald Trump’s longtime accounting firm has dropped the family business as a client amid growing multiple investigations by New York Attorney General Letitia James into whether Trump overstated his assets in the financial state.

On February 9, William Kelly of accounting firm Mazars USA sent a letter to Trump Organization Executive Vice President and General Counsel Alan Garten informing him of the firm’s decision to cut ties with the company. Mazars also said the financial statements he prepared for Trump between June 30, 2011 and June 30, 2020, “should no longer be relied upon.”

The letter was included in a court document filed Monday by James’ office and reveals Trump’s accountants are essentially washing their hands of the former president by claiming they acted in good faith based on information Trump provided them.

“We have reached this conclusion based, in part, on documents filed by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources,” Kelly wrote. “Although we have not concluded that the various financial statements, taken together, contain material differences, based on the totality of the circumstances, we believe that our advice to no longer rely on these financial statements is appropriate. .”

Donald Trump’s lawyers asked a judge to bar the questioning, to which the attorney general’s office argued in court documents last month that the Trump Organization had engaged in “fraudulent or misleading”.

The letter from Mazars USA could help James in his investigation, which has focused in part on financial statements and the overvaluation of Donald Trump’s various properties, such as his hotels and golf clubs.




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