Donald Trump’s longtime accountants have ditched the former US president as a client, saying a decade’s worth of financial statements could not be relied upon, court documents showed Monday, IgbereTV reports.
Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company, which is being probed by New York prosecutors for alleged fraud.
The letter was revealed in court by New York state attorney general Letitia James as she asked a judge to force Trump to comply with subpoenas seeking testimony in her investigation.
James announced last month that her civil inquiry into Trump’s family firm had uncovered “significant evidence” of misleading business practices, including the fraudulent valuation of assets.
Mazars wrote that James’s findings had contributed towards it deciding that accounts for Trump for the years ending June 30, 2011, to June 30, 2020 “should no longer be relied upon.”
The accounting firm added that an investigation of its own and “information received from internal and external sources” had also played a part in it reaching that conclusion
