The accounting firm that prepared former President Donald Trump's annual financial statements says the documents 'should no longer be relied upon' after investigators said they found evidence he and his company regularly used 'fraudulent or misleading' valuations of its golf clubs, skyscrapers and other property to get loans and tax benefits.
The Trump Organization said in a statement it was "disappointed that Mazars has chosen to part ways," but took Kelly's letter as a positive — noting that the firm hadn't found material discrepancies in Trump's financial statements.
A state court judge, Arthur Engoron, is scheduled to hear arguments in the subpoena dispute on Thursday. Trump has given his Statement of Financial Condition — a yearly snapshot of his holdings — to banks to secure hundreds of millions of dollars worth of loans on properties such as a Wall Street office building and a Florida golf course, and to financial magazines to justify his place on the list of the richest people in the world.
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