Mazars Cut Ties with Trump Organization
Ben Protess and William K. Rashbaum, writing for The New York Times, outline why Mazars USA, the accounting firm the Trump Organization has been using for a decade, has said it cannot stand behind its annual statements.
The letter instructed the Trump Organization to essentially retract the documents, known as statements of financial condition, from 2011 to 2020. In the letter, Mazars noted that the firm had not “as a whole” found material discrepancies between the information the Trump Organization provided and the actual value of Mr. Trump’s assets. But given what it called “the totality of circumstances” — including Mazars’ own investigation — the letter directed the Trump Organization to notify anyone who received the statements that they should no longer rely on them.
Of course, Mazars knew Trump and the organization were shady. However, this is all about breaking ties with Trump. Pence split with Trump. Others in the Republican Party have disassociated with Trump. Mazars jumping ship is to save their skin. The rats are leaving the sinking ship. My guess is that the accounting firm was informed of a subpoena coming their way, and this was an opportunity to try and minimize damages. The employees at Mazars better be polishing up their resumes.
This revelation is another bullet for the New York attorney general’s case against the organization. It’s racketeering, everybody. Are you shocked?
Still, it is tiring to see the piling on of “potential findings” and nothing coming of it all. Maybe this time, the creditors will come calling. Wake me when Trump actually goes on trial or answers the questions under oath. I’ve gotten my hopes up too many times that this criminal conman will ever face real accountability.