Friday, March 29

Reading between the lines of Trump CPA resignation letter


Richard Rampell

Mazars, former President Donald Trump’s longtime CPA firm, sent a resignation letter to Alan Garten, his chief legal officer, dated Feb. 9, 2022. For those not familiar with accounting terminology, The Palm Beach Post provides a translation of that letter below, by retired Palm Beach CPA Richard Rampell. Executive summary: They were shocked! Shocked! to learn that Trump and his minions may have mislead them when they prepared his personal financial statements. 

Mazars:  We quit!  The Statements of Financial Condition (all of which I have not seen) should not be relied on for the past 10 years and Trump should so inform anyone who may have relied upon them.

Translation:  Your balance sheets showing assets, liabilities and net worth each year are probably wildly inaccurate (but wink, wink, we don’t know for sure, since we didn’t do a full-blown audit), so tell everyone you sent them to, to disregard them so that they don’t sue us for abetting fraudulent misrepresentations.

Leave a Reply

Your email address will not be published. Required fields are marked *