Mon. Jul 1st, 2024

Trump’s Latest Accounting Gambit Just Failed<!-- wp:html --><p>Photo Illustration by Luis G. Rendon/The Daily Beast/Getty</p> <p>Already drowning in legal trouble from his <a href="https://www.thedailybeast.com/day-of-chaos-trumps-arraignment-is-finally-here?ref=author">recent arrest</a> and <a href="https://www.thedailybeast.com/heres-where-all-the-other-trump-investigations-stand?ref=author">two other</a> potential criminal indictments on the horizon, former President Donald Trump continues to delay the New York attorney general’s attempt to <a href="https://www.thedailybeast.com/the-obscure-new-york-law-that-could-dismantle-trumps-empire#:~:text=The%20law%2C%20as%20written%2C%20empowers,canceling%20its%20official%20business%20certificate.">bankrupt him</a>—this time, by finding Republican-friendly accountants in Texas.</p> <p>His family company, the <a href="https://www.thedailybeast.com/trump-organization-pays-dollar16-million-fine-for-tax-fraud-conviction">Trump Organization</a>, was forced to scramble and <a href="https://www.thedailybeast.com/accounting-firm-mazars-drops-trump-organization-over-dubious-financial-docs">find new accountants</a> early last year amid accusations it regularly faked business records to <a href="https://www.thedailybeast.com/prosecutors-zero-in-on-donald-trumps-real-life-wayne-manor">inflate assets</a>. The shunned Trumps settled on Whitley Penn, a relatively unknown accounting firm that doesn’t even rank among the “<a href="https://www.whitleypenn.com/2020/04/27/whitley-penn-ranked-5th-largest-accounting-firm-in-north-texas/">Big Four”—not even among the big four in North Texas</a>.</p> <p>But a potential reason Trump selected Whitley Penn became obvious to AG Letitia James’ investigators last month, when the small firm made clear it wouldn’t simply comply with her team’s subpoenas in New York seeking information about the Trump Organization’s latest finances.</p> <p><a href="https://www.thedailybeast.com/trumps-latest-accounting-gambit-just-failed">Read more at The Daily Beast.</a></p><!-- /wp:html -->

Photo Illustration by Luis G. Rendon/The Daily Beast/Getty

Already drowning in legal trouble from his recent arrest and two other potential criminal indictments on the horizon, former President Donald Trump continues to delay the New York attorney general’s attempt to bankrupt him—this time, by finding Republican-friendly accountants in Texas.

His family company, the Trump Organization, was forced to scramble and find new accountants early last year amid accusations it regularly faked business records to inflate assets. The shunned Trumps settled on Whitley Penn, a relatively unknown accounting firm that doesn’t even rank among the “Big Four”—not even among the big four in North Texas.

But a potential reason Trump selected Whitley Penn became obvious to AG Letitia James’ investigators last month, when the small firm made clear it wouldn’t simply comply with her team’s subpoenas in New York seeking information about the Trump Organization’s latest finances.

Read more at The Daily Beast.

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