- Trump’s longtime accountants distanced themselves from his businesses in newly-published documents.
- The news had had ripples in the Republican Party, helping galvanize his critics.
- Sen. Mitt Romney, a Trump foe in the GOP, said the development was problematic.
Some Republicans expressed unease after former President Donald Trump’s accountancy firm severed ties with him and said that 10 years of his financial statements could not be relied on.
The statement from Mazars adds to the tangle of controversies surrounding Trump’s business empire as he teases a new campaign for the potential presidency in 2024.
In a letter released as part of New York Attorney General Letitia James’ probe into the Trump Organization, Mazars said the statements it helped compile on Trump’s finances “should not be relied upon.”
In recent days, reports have claimed that some Republican leaders are questioning Trump’s pre-eminence in the party. The GOP figures named are all those who have been willing to criticize Trump in the past.
They are said to believe that controversy surrounding his business dealings and his fixation on bogus election fraud claims could damage them in the mid-terms.
The New York Times reported Saturday that Senate Minority Leader Mitch McConnell was quietly backing candidates who would resist Trump’s influence.
Sen. Mitt Romney of Utah, a high-profile critic of the former president, told The Hill Tuesday that the statement by Mazars was “very unusual.”
“I’ve never seen that happen to an ongoing entity. They did also in their statement say that they didn’t see anything of a substantial nature … that suggested there had been misreporting, but it will obviously create a great deal of Anxiety inside the organization and an effort to find what that problem was,” he said.
Another senior Republican, who spoke to the publication on condition of anonymity, said that the investigations could “obviously” impact Trump’s decision to run, or his viability as a candidate.
In more outspoken style, longtime Republican Trump criticizing George Conway in a CNN interview said the development was “calamitous” and “worse than being impeached twice.”
The statement raises “all sorts of potential collateral issues for the Trump Organization,” Conway claimed.
Trump faces a parallel criminal inquiry into allegations of tax fraud by the Manhattan district attorney, who charged the Trump Organization CFO, Allen Weisselberg, with tax offenses last year.
Trump has denied any wrongdoing, and remains favorite to clinch the GOP president ual nomination should he run for the presidency again in 2024.
The Trump Organization said Monday that it was “disappointed that Mazars has chosen to part ways,” with it.
The company alleged that Mazar’s statement that it had not while claiming the fact the firm claimed it had not identified “material discrepancies” from the firm invalidates the premise of James’s investigations.