The former president’s financial statements are at the center of a New York lawyer’s potential tax evasion investigation.
Former Republican President Donald Trump’s accounting firm has released its longtime client, claiming that financial statements issued for nearly a decade were unreliable and leaked court documents. Monday February 14.
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. Letidia James announced last month that his team had discovered evidence of fraud, including fraudulent property valuation.
According to Mazars, the lawyer’s findings led to consideration of Trump’s calculations 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, 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.”, Refers to the letter. Due to this decision, Majors The Trump system can no longer offer new productsWe read again.
Trump system “disappointed”
These financial statements are at the center of Leticia James’ investigation, another, a criminal led by a Manhattan prosecutor. 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. 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 “The work of the Mazars has been carried out in accordance with all applicable accounting rules and policies” And these financial statements “No significant discrepancies”. Investigations carried out in New York are as follows “Useless”Says Donald Trump’s company.
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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