“We have come to this conclusion based, in part, upon the filings made by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources,” Mazars wrote in a letter to the Trump Organization chief legal officer, advising them to no longer rely on financial statements ending June 2011 through June 2020.

Let us translate that for our readers: We bailing out of a sinking ship.

Basically, the accountants are warning everyone to retract the documents from 2011 to 2020, signaling they can’t stand behind the numbers. The New York attorney general’s office has already discovered  “significant” evidence “indicating that the Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.” 

Why now?

Given that Trump is being investigated for exaggerating the value of their assets on one hand and then undervaluing them for taxes, the accounting firm does not want to be found culpable