Accounting Firm Cuts Ties With Trump Organization

Mazars USA informed the Trump Organization that their financial documents should not be relied upon, following an investigation by New York Attorney General Letitia James, which found evidence of misleading financial statements. Legal experts suggest this implies asset overstatement. Mazars' decision was based on internal and external investigations, advising the Trump Organization to notify lenders and insurers. The Trump Organization expressed disappointment but noted no material discrepancies were found. They argue the investigations are politically motivated, while James insists on the legitimacy of the inquiry. The Trump Organization faces significant debt obligations in the coming years.

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