d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Political & Religious Debate > Trump's Accounting Firm Cuts Ties And Runs
Prev1234510Next
Add Reply New Topic New Poll
Member
Posts: 31,873
Joined: Oct 25 2005
Gold: 3,873.50
Warn: 10%
Feb 15 2022 05:46pm
What the Trump Organization is being investigated for
The attorney general of New York, where the Trump Organization is based, is investigating whether Trump undervalued his properties, such as his golf courses, so the company could pony up less when it came time to pay taxes. She is also looking at whether the Trump Organization overstated the value of its properties to banks to get better deals on loans.

There is a similar criminal investigation of the company led by the Manhattan district attorney, which alleges that the company doctored tax records to avoid paying taxes.

What they have found so far
These two investigations have been going on for several years. The one led by the attorney general of New York is a civil investigation, which means it could lead to the Trump Organization paying fines or being subject to lawsuits.

New York Attorney General Letitia James (D) hasn’t alleged direct wrongdoing by the former president, but she’s trying to get him and his children to talk under oath as she tries to determine whether “widespread fraud” permeated the Trump Organization. She has said her investigation has obtained nearly 900,000 documents from the Trump Organization.
As for the criminal investigation by the Manhattan district attorney, the Trump Organization and its chief financial officer were indicted this summer on suspicion of keeping two sets of books to dodge taxes. Prosecutors allege the company had one set of internal books keeping track of cars and tuition and gifts for company executives, and another set of books for tax authorities that omitted all of that taxable compensation.

How Trump’s accounting firm factors into this
The firm, Mazars, is a crucial link for investigators. The accounting firm has worked with the Trump Organization for decades, and it helped the company prepare financial statements that Trump would hand out to banks and potential business partners.

A number of these statements were just flat-out wrong, The Post reported in 2019. For instance, one said Trump Tower had 68 stories; it has 58. Another said that a vineyard he owned in Virginia had 2,000 acres; it had 1,200.
These were so far off from reality that one accounting expert told The Post it was “humorous.”

In 2019, as Trump’s exaggerated financial statements came to light, Mazars didn’t comment.

But as James’s investigation has gone on, Mazars has suddenly decided that it had no choice but to stop working with the former president’s company and to disavow a decade’s worth of financial statements it prepared for the Trump Organization.

“Accounting firms don’t make the decision to quit their clients lightly,” said Barbara McQuade, a former federal prosecutor who is with the University of Michigan Law School. “ … They are distancing themselves from the Trump Organization because they fear that wrongdoing is likely to be exposed.”

Could Mazars be in trouble, too? McQuade said it’s possible. “This effort to distance themselves could be an effort at self-preservation,” she said. It depends on whether Mazars knew the information it was getting from the Trump Organization was false or whether it was misled, too.
Member
Posts: 31,873
Joined: Oct 25 2005
Gold: 3,873.50
Warn: 10%
Feb 15 2022 05:47pm
Quote (Duckling @ Feb 15 2022 06:40pm)
tl;dr

btw don't pay attention over their to all the dark money being used for democrats to elect AGs that don't prosecute anyone else.


There

Hope this helps.
Member
Posts: 31,873
Joined: Oct 25 2005
Gold: 3,873.50
Warn: 10%
Feb 15 2022 05:48pm
Quote (chopstickz777 @ Feb 15 2022 06:39pm)
Doesn't every president from the last few decades fall under this description?

Bill Clinton - initiated unwarranted aggression against Belgrade that killed tens of thousands, with NATO's assistance.

Dubya - invaded Iraq based on a lie they cooked up regarding chemical weapons, leading to the deaths of a million+ people and an occupation that continues until this day.

Obama - Libya, Syria, Ukraine. Need I go on?

They're all criminals in one way or the other. Problem is, you only care about seeing a single man locked up whom you hate more than the rest for reasons which are illogical.

If you arrest Trump but not all the others, and they get away with their war-crimes, then all you're doing is turning one man into a scapegoat for purposes of a political witchhunt for the selfish agenda of a single political party that has, quite frankly, gone completely insane.


So called war crimes against foreign countries, and lying on your taxes are two entirely different things.

Hope this helps.
Member
Posts: 27,127
Joined: Mar 11 2016
Gold: 9.77
Warn: 10%
Feb 15 2022 05:51pm
Quote (said_aouita @ 15 Feb 2022 18:46)
What the Trump Organization is being investigated for
The attorney general of New York, where the Trump Organization is based, is investigating whether Trump undervalued his properties, such as his golf courses, so the company could pony up less when it came time to pay taxes. She is also looking at whether the Trump Organization overstated the value of its properties to banks to get better deals on loans.

There is a similar criminal investigation of the company led by the Manhattan district attorney, which alleges that the company doctored tax records to avoid paying taxes.

What they have found so far
These two investigations have been going on for several years. The one led by the attorney general of New York is a civil investigation, which means it could lead to the Trump Organization paying fines or being subject to lawsuits.

New York Attorney General Letitia James (D) hasn’t alleged direct wrongdoing by the former president, but she’s trying to get him and his children to talk under oath as she tries to determine whether “widespread fraud” permeated the Trump Organization. She has said her investigation has obtained nearly 900,000 documents from the Trump Organization.
As for the criminal investigation by the Manhattan district attorney, the Trump Organization and its chief financial officer were indicted this summer on suspicion of keeping two sets of books to dodge taxes. Prosecutors allege the company had one set of internal books keeping track of cars and tuition and gifts for company executives, and another set of books for tax authorities that omitted all of that taxable compensation.

How Trump’s accounting firm factors into this
The firm, Mazars, is a crucial link for investigators. The accounting firm has worked with the Trump Organization for decades, and it helped the company prepare financial statements that Trump would hand out to banks and potential business partners.

A number of these statements were just flat-out wrong, The Post reported in 2019. For instance, one said Trump Tower had 68 stories; it has 58. Another said that a vineyard he owned in Virginia had 2,000 acres; it had 1,200.
These were so far off from reality that one accounting expert told The Post it was “humorous.”

In 2019, as Trump’s exaggerated financial statements came to light, Mazars didn’t comment.

But as James’s investigation has gone on, Mazars has suddenly decided that it had no choice but to stop working with the former president’s company and to disavow a decade’s worth of financial statements it prepared for the Trump Organization.

“Accounting firms don’t make the decision to quit their clients lightly,” said Barbara McQuade, a former federal prosecutor who is with the University of Michigan Law School. “ … They are distancing themselves from the Trump Organization because they fear that wrongdoing is likely to be exposed.”

Could Mazars be in trouble, too? McQuade said it’s possible. “This effort to distance themselves could be an effort at self-preservation,” she said. It depends on whether Mazars knew the information it was getting from the Trump Organization was false or whether it was misled, too.

da/ag can just give them immunity and get the accounting firm to spill the beans. gg

This post was edited by Crunkt on Feb 15 2022 05:52pm
Member
Posts: 3,771
Joined: Sep 29 2021
Gold: 14,158.00
Feb 15 2022 06:02pm
Quote (Crunkt @ Feb 15 2022 04:42pm)
https://www.youtube.com/watch?v=4TvnkHeJh60

Literally how the world works. People have opinions and those opinions can be categorized politically so when a government is in control they will likely tend to hire other people that have the same opinions as them politically. Ya thats how it works. GJ.



Yep - it's totally democratic to take full control over the justice system and abuse it to go after your political enemies based on any minor technicality you can dream up while allowing people on their "side" to get away with any crime imaginable, up to and including treason and murder.

Totally democratic and not at all representative of a broken system that is openly turning into a 1984-esque satanic mess that favors the elite at the cost of the people's freedom.
Member
Posts: 31,873
Joined: Oct 25 2005
Gold: 3,873.50
Warn: 10%
Feb 15 2022 06:04pm
Quote (chopstickz777 @ Feb 15 2022 07:02pm)
Yep - it's totally democratic to take full control over the justice system and abuse it to go after your political enemies based on any minor technicality you can dream up while allowing people on their "side" to get away with any crime imaginable, up to and including treason and murder.

Totally democratic and not at all representative of a broken system that is openly turning into a 1984-esque satanic mess that favors the elite at the cost of the people's freedom.


Yup. It's entirely politically motivated.

ob·tuse
/əbˈt(y)o͞os,äbˈt(y)o͞os/
adjective
1.
annoyingly insensitive or slow to understand.

(edit) it made it all the way to the supreme court, who's made up of majority Republicans appointed by Trump. The Supreme court allowed the release of his taxes to the NY prosecutor. What does that mean?

This post was edited by said_aouita on Feb 15 2022 06:07pm
Member
Posts: 27,127
Joined: Mar 11 2016
Gold: 9.77
Warn: 10%
Feb 15 2022 06:12pm
Quote (chopstickz777 @ 15 Feb 2022 19:02)
Yep - it's totally democratic to take full control over the justice system and abuse it to go after your political enemies based on any minor technicality you can dream up while allowing people on their "side" to get away with any crime imaginable, up to and including treason and murder.

Totally democratic and not at all representative of a broken system that is openly turning into a 1984-esque satanic mess that favors the elite at the cost of the people's freedom.

Bro if ur so obsessed about getting owned by 'the elite' then go make a billion dollars then.

YOU ARE A PLEB. GET OVER IT.

Member
Posts: 46,831
Joined: Sep 5 2016
Gold: 100.00
Feb 15 2022 06:14pm
BLA BLA BLA TRUMP REEEEEEEEEEEEEEEEEEEEEEEEE
TRUMP REEEEEEEEEEEEEEEEEEEEEEEEEEE
Member
Posts: 3,771
Joined: Sep 29 2021
Gold: 14,158.00
Feb 15 2022 06:22pm
Quote (said_aouita @ Feb 15 2022 05:04pm)
Yup. It's entirely politically motivated.

ob·tuse
/əbˈt(y)o͞os,äbˈt(y)o͞os/
adjective
1.
annoyingly insensitive or slow to understand.

(edit) it made it all the way to the supreme court, who's made up of majority Republicans appointed by Trump. The Supreme court allowed the release of his taxes to the NY prosecutor. What does that mean?


Hillary Clinton led the country on a 4-year long witch-hunt against Russia based on her artificially-created "Russiagate" scandal and has now been caught red handed.

Her actions were deliberately intended to delegitimize the rule of a sitting president and prevent there from being any positive political rapprochement between Russia and the US, damaging the global interests of peace in the process.

This crime is many, many times worse than the personal taxes of a billionaire, which really only impacts a single individual. Her crime however duped millions and made all the left look like fools.

The deafening silence from the left regarding this tells me all I need to know.

I truly do not understand how the hypocrites on the left, whom salivate at the thought of watching Trump be executed on live television for daring to defy them, live with such a high level of hypocrisy. The only conclusion that I can draw is that this hypocrisy feeds them.. it's like their life-blood energy force that keeps them going.
Member
Posts: 3,771
Joined: Sep 29 2021
Gold: 14,158.00
Feb 15 2022 06:26pm
Quote (said_aouita @ Feb 15 2022 04:48pm)
So called war crimes against foreign countries, and lying on your taxes are two entirely different things.

Hope this helps.


So-called war crimes? Lmfao

How does it feel to not only be a hypocrite but to also be on the side of the War Party, which has committed countless crimes against humanity over the past few decades?

Oh how far the "democratic left" has fallen.
Go Back To Political & Religious Debate Topic List
Prev1234510Next
Add Reply New Topic New Poll