Trump's longtime accounting firm cuts ties, cannot stand behind statements
Trump's longtime accounting firm cuts ties, cannot stand behind statements
-filing By Karen Freifeld
NEW YORK, Feb 14 (Reuters) - The accounting firm that handled Donald Trump's company's financial statements dropped it as a client and said it could no longer stand behind a decade of statements, a court filing showed on Monday.
Mazars USA, in a Feb. 9 letter made public on Monday, told the Trump Organization, the former president's New York-based real estate business, that its financial statements for 2011 through 2020 should no longer be relied on.
The disclosure was made as part of New York Attorney General Letitia James' civil investigation into the Trump Organization, which could result in financial penalties. That probe partially overlaps a criminal investigation by the Manhattan District Attorney, which James joined in May, into the company's practices.
Mazars said it had based its conclusion on a January filing by the New York attorney general, its own investigation and information from internal and external sources.
READ MORE: Trump's longtime accounting firm cuts ties, cannot stand behind statements
https://www.reuters.com/world/us/accountin...
-filing By Karen Freifeld
NEW YORK, Feb 14 (Reuters) - The accounting firm that handled Donald Trump's company's financial statements dropped it as a client and said it could no longer stand behind a decade of statements, a court filing showed on Monday.
Mazars USA, in a Feb. 9 letter made public on Monday, told the Trump Organization, the former president's New York-based real estate business, that its financial statements for 2011 through 2020 should no longer be relied on.
The disclosure was made as part of New York Attorney General Letitia James' civil investigation into the Trump Organization, which could result in financial penalties. That probe partially overlaps a criminal investigation by the Manhattan District Attorney, which James joined in May, into the company's practices.
Mazars said it had based its conclusion on a January filing by the New York attorney general, its own investigation and information from internal and external sources.
READ MORE: Trump's longtime accounting firm cuts ties, cannot stand behind statements
https://www.reuters.com/world/us/accountin...
After reading this article, I believe Trump may be in trouble this time because of The New York Attorney General Letitia James' civil investigation into the Trump Organization.