Former US President Donald Trump’s accounting firm has decided to break away from its longtime customer. The reason: According to court documents released on Monday, February 14, the financial statements he has provided for nearly a decade are unreliable.
Last week, the Majors group wrote in a letter to the Trump administration that it would no longer work for the company under investigation for tax evasion. The document was submitted to the court by New York State Attorney General Letidia James, who asked the judge to compel Donald Trump to testify at the trial. MMe James announced in January that his team had found evidence of a fraudulent property valuation.
According to Majors, the lawyer’s findings led to consideration of the Trump system’s accounting for the period from June 30, 2011 to June 30, 2020. “No longer considered trustworthy”. The company has its own investigation and “Information from internal and external sources” His will was also weighed.
“Although the various balance sheets have been taken together, under the circumstances we do not conclude that there are any material irregularities, but we believe that our advice not to trust these financial records anymore is guaranteed.”, Refers to the letter. Due to this decision, Majors The Trump system can no longer offer new productsWe read again.
Suspicion of tax evasion
These financial statements are at Ms. Center.Me James and another defendant, led by the Manhattan District Attorney. The Trump system is suspected of overestimating the value of certain assets when applying for a loan from banks and instead underestimating the tax authorities for paying lower taxes.
In July 2021, the Trump organization and its loyal accountant, Alan Weiselberg, Pleaded not guilty Fifteen fraud and tax evasion cases in New York court.
The Manhattan District Attorney’s Office received several years’ worth of tax revenue from Donald Trump in January after the legal battle. It went all the way to the Supreme Court of the United States. According to Donald Trump, both investigations were motivated by political motives.
The Trump organization has expressed its opinion “Disappointment” In a press release on Monday evening, after the conclusion of the Majors group. But the accounting firm’s letter proves it, according to her “Mazars’ work is carried out in accordance with all applicable accounting rules and policies” And these financial statements “No significant discrepancies”.
These legal issues will complicate the second race for the White House. The 75-year-old billionaire is raising doubts about whether he wants to run again as a Republican candidate.