New York case against Donald Trump heats up as accounting firm Mazars dumps him, says his finances are inaccurate

| 4:24 pm EST February 14, 2022
Dear Palmer Report readers, we all understand the difficult era we're heading into. Major media outlets are caving to Trump already. Even the internet itself and publishing platforms may be at risk. But Palmer Report is nonetheless going to lead the fight. We're funding our 2025 operating expenses now, so we can keep publishing no matter what happens. I'm asking you to contribute if you can, because the stakes are just so high. You can donate here.

Even with all the recent focus on the Fulton County Georgia District Attorney’s criminal case against Donald Trump, and the January 6th Committee’s increasingly comprehensive probe into Trump, it’s always been New York prosecutors who were the most likely to take Trump down first. Sure enough, the New York case is not only reaching an advanced stage, it’s also causing the people around Trump to flee from him.

New York Attorney General Letitia James just made a court filing which includes a letter that accounting firm Mazars sent Donald Trump five days ago. The fact that James already has the letter suggests that Mazars also sent it to her. The letter informs Trump that his financial statements for the past decade are inaccurate and can no longer be considered reliable. Mazars also states that it’s dumping Trump due to a conflict of interest, and that he’ll have to transition to a new accountant.

This is a big deal for a few reasons. First, it supports the New York Attorney General’s allegations that Donald Trump and the Trump Organization have been falsifying asset values for years, for tax, insurance, and loan purposes. This behavior, if proven, is a felony. Second, it appears that Mazars is cooperating with the New York Attorney General against Trump.

This makes it all the more likely that the New York Attorney General is going to succeed in bringing massive financial penalties against Donald Trump and the Trump Organization – which would presumably result in asset forfeitures to cover those penalties. Perhaps more importantly, the New York AG and the Manhattan District Attorney are running a related criminal investigation into Donald Trump, for these same kinds of financial matters. It’s the latest signal that Trump will indeed end up in a New York prison.