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Interesting - Mazars don't seem to be too fussy about the company they keep commercially and have some other seriously shifty clients and independence/conflict of interest issues.
Weird innit? Why now and why him in particular?
 
I'd guess their expectations of their clients and particularly of the dodgier ones is that they basically do what they're told. The reputational risk of acting for a dodgy scumbag is one thing but acting for a dodgy scumbag loose cannon who's liable to start bragging about things they've been told to keep schtum about is something else.
 
I'd guess their expectations of their clients and particularly of the dodgier ones is that they basically do what they're told. The reputational risk of acting for a dodgy scumbag is one thing but acting for a dodgy scumbag loose cannon who's liable to start bragging about things they've been told to keep schtum about is something else.

And continuing acting for one who is coming under judicial scrutiny is unwise.
 
Weird innit? Why now and why him in particular?

TBF his defence was always likely to be “well my accountants deemed it ok” and he’d have plenty of evidence showing how they’d accepted his crap for years without complaining as they are meant to do.

A lot of his antics are those of a proper fraudster (as in getting his marks to incriminate themselves so they can’t or don’t feel they’d be able to dob him in as effectively as an “innocent” person would for fear of the consequences to themselves), and this is no exception.
 
TBF his defence was always likely to be “well my accountants deemed it ok” and he’d have plenty of evidence showing how they’d accepted his crap for years without complaining as they are meant to do.

A lot of his antics are those of a proper fraudster (as in getting his marks to incriminate themselves so they can’t or don’t feel they’d be able to dob him in as effectively as an “innocent” person would for fear of the consequences to themselves), and this is no exception.
I'll bet he laid it all out in his Art of the Deal - conmen usually seem to tell people exactly what they're doing to them.
 
So at what point will Mazars be investigated for false accounting then?
That’s the one.

I suspect it’s the calculus of legal costs combined with PR management (No ethical concerns…if you can get a cunt out of bad legal jeopardy you’ll be well thought of and get more business)

Mazars in the US is an LLP (limited liability partnership). So like a company its professionals are protected as it’s the organization that gets sued. They have to pay personal liability insurance though (why most big accountancy firms shifted from partnerships to LLPs in the 90’s as bad management consultancy advice was sending the premiums through the roof).

Big organizations are complex and the approach their internal and external auditors take can be esoteric and highly subjective. So it’s often a matter of professional opinion whether a crime has been committed or not. And the cases can go on for years.

The Trump organisation has been basically undervaluing the organisation for tax purposes (asset depreciation and loss related carry forwards) and then overvaluing the organisation for the purpose of obtaining financing. Obviously these positions don’t match up which is why Mazars is jumping ship

ETA: This is a great presentation about this kind of stuff.

 
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