In one of his “official statements,” Donald Trump admits that his financial records cannot be trusted. This comes in response to his former accounting firm, Mazars USA, announcing that nobody should have confidence in the Trump Organization’s financial statements. In response, the former president said that “we have a great company with fantastic assets that are unique, extremely valuable, and, in many cases, far more valuable than what was listed in our financial statements.”

Here, Trump acknowledges the allegations against him by tacitly admitting that he does in fact inflate or deflate the value of his assets. This may establish credit or avoid paying taxes. These valuations are supposed to remain consistent, and Trump saying that they’re not exposing him to liability in the ongoing probe into his company’s finances by the state of New York.

 

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