Statement of Financial Condition Fraud

On September 26, 2023 a judge in New York overseeing a $250 million lawsuit against Donald Trump ruled his company committed 𝐅𝐑𝐀𝐔𝐃 by defrauding banks and insurers and others by massively overvaluing his assets and exaggerating his net worth on Statements of Financial Condition.

The accounting firm for the Trump organization issued compilation reports but defer liability stating the financials were the responsibility of Mr. Trump, Donald Trump Jr and Alan Weisselberg as they were personally certified as accurate.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐭𝐡𝐨𝐮𝐠𝐡𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐟𝐢𝐫𝐦'𝐬 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧? Financial institutions relied upon the information contained in the SFC.

#accounting #accountant #bookkeeping #fraud #financialstatements #financialstatementfraud #overvaluation #realestateassets #networth #dissolution #cfe #fraudfighters #financialmisstatement #whitecollarcrime #crime #business #sfc #marketvaluation #palmbeach #palmbeachfraud #concealment #deceit #pbcacfe


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