Doesnt Mazars News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Had with trump, and the documents that are referenced in that letter last week, i actually don't think were necessarily given to banks. they never signed off on those and said, these are -- comport with generally accepted accounting practices. they just said, the trump organization gave us some numbers, we think it's okay, this may be how much money donald trump has. i think they prepared it completely separate set of accounting papers for banks and other investors. certainly some lenders got the statements of financial condition. any of them that went ahead and loaned donald trump money based...

Seconds and our job, when i say ours, i'm referring to mine and allen weisselberg, was to go back with those documents, figure out how to increase the net worth, go back to donald in order to show him, for his approval. that's how it worked. >> so, jeffrey, don't they have any liability or, you know, legal problem that they allowed themselves to be duped for so long? >> well, it's also a question of who benefitted. yes, it is possible that cohen and weisselberg could be charged as co-conspirators but the real beneficiary of false statements would be the owner of the trump organization, which i...

Cut ties with the trump organization. they say the company's financial statements from 2011 to 2020 are not reliable. in a letter, mazars wrote to trump's firm, they wrote, while we have not concluded that the various financial statements as a whole contain material discrepancies, based upon the totality of the circumstances, we believe our advice to you to no longer rely upon those financial statements is appropriate. >> mazars also directed the trump organization to inform others like insurers or lenders to not use those statements. joining us now is tim o'brien, executive editor at bloomber...

Income tax and property tax returns. it's a crime to file false statements, even if you wind up paying the tax or paying back the loans. it is a crime. it is a felony to submit false documents to get a loan or in a tax return. and that's the problem. >> but that's what i mean. i mean, mazars. doesn't mazars have some legal liability here, some responsibility that they were allowing this fuzzy math? >> potentially. the issue with mazars would be, did they know the material was false? did they know they were getting false information? if that's the case, they do have potential liability. but if ...

Who's conducting the civil investigation, based on a big document she filed a couple of weeks ago, she thinks there was an enormous amount of false information in the papers that mazars prepared. >> well, tim, on potential exposure for mazars, you write there were concerns years ago, and now they just get to this point. tell us about what, you know, when you started writing your book, some of the questions that came about. >> well, victor, to get to that and i think to what alisyn just raised, this goes back to well before ten years ago. we deposed these same accountants in our litigation with...