Mazars USA, the longtime accountants of the Trump Organization, the family business of former President Donald Trump, ended its relationship with the company last week as prosecutors continue their investigation.
The development was revealed in court documents filed Monday as part of an investigation by the New York State Attorney General’s office.
In a Feb. 9 letter to the Trump Organization’s executive vice president and chief legal officer, Mazars’ attorney warned that the 2011-2020 financial statements “should no longer be relied upon.”
“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,” said attorney William Kelly. General de Mazars, wrote.
The revelation comes more than seven months after Manhattan District Attorney Cyrus Vance Jr. indicted the Trump Organization and its chief financial officer, Allen Weisselberg, for crimes related to an alleged tax evasion scheme. Weisselberg and the company’s attorneys have pleaded not guilty, and a trial in that case is expected to begin as early as next August.
New York Attorney General Letitia James began investigating the Trump Organization in 2019 after Trump’s former personal attorney, Michael Cohen, told Congress that Trump had reduced his property tax obligations and obtained bank loans by manipulating the value of his properties.
James’ office has also partnered with the Manhattan District Attorney’s Office in a criminal investigation into Trump’s family business.