June 17, 2024

Westside People

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Trump released his accountants who considered his financial documents to be unreliable

Court documents have been leaked claiming that the financial statements of former Republican President Donald Trump’s accounting firm, which released its longtime client for nearly a decade, are unreliable.

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Last week, the Majors group wrote a letter to the Trump organization stating that it would no longer work for the company under investigation for tax evasion.

State Attorney Letidia James submitted this document to the court, asking a judge to compel Donald Trump to comply with the invitations to testify as part of the trial.

Ms James announced last month that her team had found evidence of fraud, including fraudulent property valuation.

According to Mazars, the attorney’s findings led to Trump’s accounting for the year ending June 30, 2011 to June 30, 2020 being “no longer considered credible.”

The company added that its own investigation and “information obtained from internal and external sources” weighs on its selection.

“Although the various balance sheets, taken together, we do not conclude that there are any material irregularities, depending on the circumstances, we believe that our advice to no longer trust these financial records is guaranteed,” the letter said.

To some extent, as a result of this decision, Mazars “can no longer offer new products to the Trump system,” it added.

These financial statements are at the center of another defendant’s investigation led by Ms James and the Manhattan attorney.

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The Trump system is suspected of exaggerating the value of certain assets when applying for a loan from banks and underestimating the taxpayer for the same assets.

Last July, Alan Weiselberg, the Trump organization and its trusted accountant, pleaded not guilty to 15 counts of fraud and tax evasion in a New York court.

The Manhattan District Attorney’s Office received several years of tax revenue from Majors in January after a legal battle that went all the way to the Supreme Court.

According to Donald Trump, both investigations were motivated by political motives.

But 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.

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