Trump’s Still Raging About His Accountants Quitting, Blames ‘Radical Left Racist Prosecutors’ and Brags ‘We’re Loaded With Cash’

(Tasos Katopodis, Getty Images)

It’s been six days since the news broke that Mazars USA, the longtime accounting firm for the Trump Organization, was cutting ties with the company, disavowing a decade’s worth of financial statements on their way out the door.

A few days prior to that, on Feb. 9, Trump Org received a letter from Mazars which stated that “the statements of financial condition for Donald J. Trump” ranging between 2011 and 2020 “should no longer be relied upon and you should inform any recipients thereof… that those documents should not be relied upon.” The firm had come to this conclusion, they wrote, based on their own investigation as well as filings by New York Attorney General Letitia James as part of a civil suit her office had filed against the Trumps and the Trump Org.

Former President Donald Trump made it clear on Sunday that he does not agree with that letter, issuing his latest “Statement by Donald J. Trump, 45th President of the United States of America” — his main communication method since being excommunicated from major social media platforms in the wake of the Jan. 6 attack on the U.S. Capitol — railing against the news reports and stating a very different interpretation of the facts.

To be clear, what Mazars expressly stated in their letter was that a decade’s worth of financial statements cannot be considered accurate and therefore “should not be relied upon,” and as a result the accounting firm had “reached a point such that there is a non-waivable conflict of interest with the Trump Organization” and would not be doing any further work with the company.

The specific issue, as detailed further in documents filed with the court by the New York AG, relates to allegedly false or misleading documents or statements regarding financial assets. For example, the square footage of an apartment in a Trump building was allegedly significantly overstated by roughly triple the apartment’s true size, thereby inflating its value.

But according to Trump, Mazars quit only because “they were harassed, abused, and frightened by DA’s and AG’s that for years have been threatening them with indictment and ruination.”

“They were ‘broken’ by these Radical Left racist prosecutors, and couldn’t take it anymore,” he wrote.

He then attempted to claim that Mazars’ letter exonerated him somehow because it stated, “Mazars performed its work in accordance with professional standards.”

Manhattan Supreme Court Judge Arthur Engoron already rejected a similar argument on Thursday, when he ruled that Trump — along with his adult children Donald Trump Jr. and Ivanka Trump — must comply with James’ subpoenas requesting information, documents, and deposition testimony. In a scathing eight-page opinion, Engoron invoked a beloved Alice in Wonderland character and George Orwell’s 1984 in rejecting the Trumps’ defenses and making it clear the Mazars letter was damning, not a defense:

The idea that an accounting firm’s announcement that no one should rely on a decade’s worth of financial statements that it issued based on numbers submitted by an entity somehow exonerates that entity and renders an investigation into its past practices moot is reminiscent of Lewis Carroll (“When I use a word, Humpty Dumpty said…it means just what I chose it to mean — neither more nor less”); George Orwell (“War is peace, freedom is slavery, ignorance is strength”); and “alternative facts.”

…To proclaim that the Mazars’ red-flag warning that the Trump financial statements are unreliable suddenly renders the OAG’s longstanding investigation moot is audacious as it is preposterous.

Trump wrapped up his statement by bragging about his company’s financial prowess, writing that the Trump Org was “incredible” and had “some of the greatest assets in the world and very low debt.”

“Also, we’re loaded with cash,” he concluded. “The Fake News Media hates talking about it!”

Trump’s full statement:

Statement by Donald J. Trump, 45th President of the United States of America

My long-term accounting firm didn’t leave me for any other reason than they were harassed, abused, and frightened by DA’s and AG’s that for years have been threatening them with indictment and ruination. They were “broken” by these Radical Left racist prosecutors, and couldn’t take it anymore. Even the letter they sent stated, “Mazars performed its work in accordance with professional standards. A subsequent review of those work papers confirms this.” Further, their disclaimer clause in the financial statements has for years stated much the same.

My company is incredible with some of the greatest assets in the world and very low debt. Also, we’re loaded with cash. The Fake News Media hates talking about it!