Accounting firm says Trump's financial statements aren't reliable

In a statement, the Trump Organization said Kelly's letter “confirms that ... such statements of financial condition do not contain any material discrepancies."

Very good, except that...

“While we have not concluded that the various financial statements, as a whole, contain material discrepancies..."

This doesn't exactly mean the same thing.

"This confirmation effectively renders the investigations by the DA and AG moot."

Not so sure about that, if Mazars also say the statements shouldn't be relied on.

Every day is reason to question how any rational adult still can not see they got conned by a *****.

Magats are a gullible bunch.

This is huge. Trump's finances must be a total legal minefield for them to say this and drop him.

Sounds like the NY investigation is uncovering some stuff.

Hahahahaha no wonder they trumps were so terrified of it!!

Best to check the toilet pipes for the most sensitive documents.

The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump's image as a wealthy businessman, “should no longer be relied upon” after New York's attorney general said they regularly misstated the value of assets.

Surprise, surprise....Trump's books are cooked....and the accounting firm that prepared them just admitted it...

The letter came just weeks after New York Attorney General Letitia James said her office uncovered evidence Trump and the company used “fraudulent or misleading” valuations of its golf clubs, skyscrapers and other property to get loans and tax benefits.

"Fraudulent and misleading"....my, my, sounds criminal...

Mazars said its conclusions applied to Trump's financial statements for 2011 to 2020.

Nine years of "fraud"...and who knows what they'll find next...

Can things get any worse for Trump? We find out his lawyer Rudy and his band of felons were creating "fraudulent" electors and "fake" certification lists, then we hear he sent bags of official documents to the Pentagon to be burned (or flushed down the toilet), then there's the criminal investigation by Georgia into his blatant election interference, which just impaneled a grand jury...and finally we get to the "big one" - Trump stole Top Secret documents and kept them unsecured in boxes at Mar-A-Lago, where anyone, to include his illegal immigrant maids, could have read them. "Box-gate" is one of our country's most serious national security breaches.

Trump is about to set the record for "most indictments by one person"...a title he'll no doubt boast about as "winning"...

Bigger problem for Trump:

The loan agreements relying on the fraudulent financial reports likely have "representations and warranties" -- including one in which Trump was vouching for the accuracy of all info he provided.

So Trump may now be in breach of the lending agreements.

The banks could call in their loans early, change interest rates…… the mind boggles!!!

The determination by Mazars that Trump’s financial statements over a full decade are not reliable, through no fault of its own, amounts to a declaration that it has been repeatedly misled by its client.

No wonder don jr is always stoned and Eric keeps throwing hissy fits.

They know their dad is going to throw them under the bus and also they are looking at unemployment when they get out.

Wow, no wonder Trump has to fleece his supporters with $100 rally tickets when he's faced with all this legal jeopardy....

Donald Trump and his allies are facing a flurry of legal challenges this year.

Investigations into his company's finances are ongoing, along with others related to January 6.

Here are the dates to watch out for this year.

https://www.yahoo.com/news/2022-shaping-legal-nightmare-trumpworld-193837104.html

yep lets try to deflect from that Durham sized elephant in the room.

The accounting firm that did Trumps financial statements says their own statements arent reliable.

then whose fault would that be?

We've all known for years the worst kept secret in New York's real-estate world, the bizness shenanigans of Trump Inc's MO. This 11th hour admission by the accounting firm that has been most likely in cahoots with the family's serial scamming over the years must mean the weight of evidence against them is finally about to sink their lucre-laden flagship and they're now fleeing to the lifeboats or jumping overboard. Trump's inflating his assets worked for years with banks but apparently not with Melania. The long-overdue lifting of the rock exposing the 45th family's shady fraud is positively feeding people's schadenfreude.