Photo Illustration by Thomas Levinson/The Daily Beast/Reuters
The Trump Organization says it ended a tumultuous 2022 without telling anyone outside the company how business is doing—a claim that, if believed, could be an indication of its looming financial difficulties in the face of a tsunami of legal trouble.
In practical terms, however, the claim also keeps New York state investigators from getting a clear picture of whether the real estate firm has continued lying to banks about its property values, even as investigators barrel toward a trial that could kill off the Trump Organization.
The disclosure about how the Trumps haven’t made any financial statements to banks or accounting firms was made in a Feb. 3 letter written by a retired judge tasked with babysitting the Trumps’ real estate empire, in a document that was made public in court filings last week.