It’s illegal to misrepresent the value of your real estate/investments to secure a loan or avoid taxes. And that’s exactly what Trump has been doing, for decades. His accountants just ‘bailed’.
The prosecutors' main questions revolve around the financial statements the Trump Organization submitted to lenders, insurers, tax authorities and others. Ten years' worth of these statements were repudiated by the accounting firm that created them with data provided by Trump. In a letter recently made public, MazarsUSA, the accounting firm, warned Trump "to no longer rely upon those financial statements." The company also severed its relationship with the organization. MazarsUSA's announcement could affect the organization's loans, contracts, insurance policies and tax status.
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