Former United States President Donald Trump claims that his family business' previous accounting firm, Mazars, separated from the Trump Organization because it was "intimidated" by New York authorities investigating his finances.
The Republican businessman has previously claimed that New York Attorney General Letitia James' continued investigations into his family business were a "racist" attack. On Feb. 15, Trump made a lengthy statement hitting back at James and Manhattan District Attorney Alvin Bragg, both of whom are Black.
Trump Organization's Case
The situation comes after Mazars publicly cut ties with the Trump Organization, arguing that decade-old financial statements were no longer "reliable." The statements in question were dated from June 30, 2011, to June 30, 2020, and were the ones that the accounting firm has withdrawn.
The documents are a crucial part of James' investigation into Trump's alleged corrupt acts involving his daughter Ivanka Trump and son Donald Trump Jr., The family, is accused of inflating the value of some New York properties to obtain better bank loans and other financial benefits, as per Newsweek.
Trump added that Mazars was forced to stop working with his family's company because of James's "prosecutorial misconduct." The former president said that the accounting firm was threatened, harassed, and insulted like no other firm by the attorney general and district attorney.
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The Republican businessman said that Mazars, who he said was "scared beyond belief," talked with him and was desperate to stop the threats that James and Bragg were making. However, the accounting firm sent a letter to a Trump Organization lawyer saying that their reason for the separation was the unreliability of the company's financial statements.
The New York Post reported that a Mazar's lawyer said that while the accounting firm was not saying that the statements "as a whole" were malicious or contained "material discrepancies," it believed that the advice it gave to the Trump Organization no longer relied on the decade-old financial statements.
Former President's Accounting Firm
The investigation into the Trump Organization's finances has stirred up questions regarding the company's practices. On Thursday, the New York attorney general will go to court and seek to enforce a subpoena for the former president's testimony in relation to a civil investigation.
James said that she had uncovered evidence that the Trump Organization used "fraudulent or misleading" valuations of golf clubs, skyscrapers, and other properties. The hearing will be held before state Judge Arthur Engoron in Manhattan. The next step in a legal battle between James and Trump has unfolded in court papers over the last few weeks.
Trump's lawyers argued that the decade-old financial statements were accurate and truthful despite Mazars' statement. They said that the accounting firm and the New York attorney general focused on minor mistakes or omissions as part of a politically-motivated attack on the former president.
Mazars also issued a letter where the accounting firm urged the Trump Organization to inform anyone who received the company's Statement of Financial condition, including banks and insurers, that the documents in question could "not be relied upon," the Washington Post reported.
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