![]() ![]() The documents were given to banks, insurers and others to secure loans and make deals. James, a Democrat, alleges Trump, his company and top executives exaggerated his wealth by billions of dollars on the financial statements by inflating property values. ![]() The firm cut ties with Trump last year and said his financial statements “should no longer be relied upon” after James raised concerns about their accuracy.įlemmons testified on the second day of the defense’s case as Trump’s lawyers seek to refute the state’s claims that the 2024 Republican front-runner, his company and top executives manipulated the value of his assets to make him look wealthier and his properties more successful than the actually were. “There would be no obligation or expectation on the part of Mazars or any accountant performing compilation services” to request appraisals that weren’t the basis for values on the statements, said Flemmons, now a senior managing director at Ankura Consulting Group.Ī message seeking comment was left for Mazars.
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