‘This could lead to going bankrupt,’ says George Conway

CNN's John Berman and George Conway discuss possible implications of former President Donald Trump's long-time accounting firm informing the Trump Organization that it should no longer rely on nearly 10 years' worth of financial statements and that they would no longer be their accountants, citing a conflict of interest. #CNN #News

97 comments

    1. @Michael Rocker My exact sentiment. Fred was a REAL BONIFIDE POS and Donnie is the stink that continues to linger…

    1. @Arlo Dewald You fool. Look at the present. What do you see ?? Chaos, a conflicted economy, an absolute disaster at the white house, etc., etc. You rear end licker of the fascist left are you ? The problem with you is that you weren’t born under tyranny and communists. Now Democrats are generating it herein the USA.

    2. Not for civil cases, e.g. Bankruptcy, only for criminal cases, fraud, perjury, obstruction of justice, witness tampering, bribery, corruption, incitement to insurrection, unlawful interference with governance, election fraud, uttering threats and dozens more criminal acts I’m sure we could all add.

    3. After he did everything he could to earn millions through consulting fees, now he’ll go broke, and nobody is interested in hiring that clown… Got exactly what he deserves.

  1. Won’t attending a deposition interfere with his job as a ‘celebrity birthday’ wisher or his Abe Lincoln gig? What about his masked singing gig? The girl has to earn a living

    1. @Luke_SkyWanker You hit it. Republicans are always fighting some invisible boogeyman. They don’t realize they are the ones fighting themselves. I don’t know anyone my age that cares about any of this garbage they spew.

    2. @Ryan CNN lost 90% of its audience. They only wish they had boomers because boomers are better than nobody.

  2. So for the firm, they did work for ten years, so “WHAT CHANGED” after all this time?

    What is the firm’s exposure to civil suits based on a financial entity using the financial statements to give loans?

    1. What changed was his CFO was arrested. The arrested CFO couldn’t answer where the numbers they gave the firm came from. So they bailed on this Criminal Enterprise.

    2. Bank Loans. Trump continues to roll his loans. But if your finacial situation cannot be verified, well what bank would loan you money, if there is a serious risk of losing it.

  3. Let me break down the Mazar code for everyone: He’s broke!!!

    Edited to add: Does everyone now see why he was so desperate to stay in office? He knew his tower of cards was going to crash on him as he realized the world figured out, the emporer has no clothes.

    1. @Bernie Com hahaha wtf r u even talking about???

      JUST IN – CNN’s executive VP and CMO Allison Gollust has resigned.

      Stop listening to them theyre rotting ur brain

      @disclosetv

    2. @Bernie Com what about hillary and the dnc committing treason spying on trump?? Nothing? I kno because cnn who lost 90% of their viewership wont even touch it!😂

    3. Oh, no. Please, someone a tarp and just toss it over him. And somebody phone Greenpeace, inform them there’s something bloated on the shores of Florida.

  4. I found the invocation of “confilct of interest” interesting. It seems to be going further than just saying they can’t trust the financial information provided to them to prepare returns and can’t professionally endorse ten years’ worth of their work based on such submissions. Surely that would be more a matter of a client’s breach of good faith than conflict of interest. I’d suspect the phrase is a coded way of indicating that Mazars are fully cooperating with the DA’s prosecutors. They might face trouble on issues of due diligence but at least they won’t be considered a party to systemic fraud.

    1. @Oh, really? To cover your own a$$ you have to document ever thing in business. Everything above board that is,..you’re fired haha

    1. @Time for Change I think Trump will most likely blow through his blind followers’ money before he remembers he’s supposed to use the money to repay his loans. I just wonder which large creditor will be the first to demand immediate repayment from debt covenant violations (i.e., failure to produce clean books).

    2. Not to worry…..there are millions of MagaMorons sending him money every single day. TRUMPACHENKO could ask them for a kidney and they would gladly donate it.

  5. He makes great money selling Lies, people send him money every day!!!!. He doesn’t need any other business. He all good. Sad but true.

    1. Those that tell lies will come to ruin.

      Trump seems to be stressing out now that his lies are being exposed. I think the Republican’s genius is on the verge of a mental breakdown.

      Pleading insanity could be option for him in the long run. And an extended stay in a mental hospital would make him feel reelected.

    1. @Upper 90 actually, you’re almost right; they were throwing everything at the wall hoping something would stick, although nothing was sticking apparently what they were /are throwing at the wall was / is so heavy the wall is coming down brick by brick.

    2. @Upper 90 The wheels of justice move very slowly and even more so when a huge political figure &/or ultra rich person is involved.

    3. For every action, there is a reaction. It’s something apparently republicans never that their action has consequences

    4. @Upper 90 for the past 5 years there has been evidence withheld or destroyed, witnesses muffled or muzzled, and sycophants refusing to testify. Evidence is now a slow moving tsunami and others are beginning to cover their own anatomy instead of his.

  6. “ … and now the end is near” The opening line of *My Way* … a song that was played for his inaugural ceremony back in 2017.

    1. @Ryan imagine caring about somebody who murdered your family raped your mother and sister a year later, it’s impossible

    2. @Jamie LaCourt You actually write like an intelligent, educated person, which is why it’s so puzzling that you should be still stuck back in 2015, when there has been so much devastating damage done to the US since then by someone far worse than Hillary could ever have been. I totally agree with you that “there’s no place in a civil society for which these actions can be condoned by anyone if we want to continue being a respected nation”, but find it weird that you focus on Hillary instead of the appalling abuses committed by Trump and his friends. Also I think you should realise that it’s not a matter of continuing being a respected nation. That possibility went out of the window in 2016 and since, with countries all around the world stunned and appalled at Trump’s election. It is now a matter of earning respect back, which was begun with the outcome of the 2020 election, but has faltered somewhat given that almost nobody has been brought to account for corruption, or for inciting the Jan 20 insurrection, and many states are currently in the process of legalising vote suppression. Still possible, if the relevant committees and prosecutors do their jobs, but by no means a given.

    3. another line from that song that maybe mentions some missing documents: “through it all without a doubt, I chewed it up and spit it out”.

  7. Interesting. My question is this: does this imply that they were also complicit in his misrepresented wealth and are they trying to distance themselves from Trump in order to avoid their own prosecution?
    I’m no legal expert nor am I savvy about finances but to me this smells pretty bad.
    If I were someone who relied on this accounting firm for any kind of financial validation to inform me of someone else’s reliability I don’t believe that I would appreciate what this implies. It kinda seems to me that wise investors should avoid doing any business with anyone connected to them.

    1. They scared the company and now they going against him just a political mess. If I were their client I would sure leave them because the minute someone pressure them they walk and can’t back their own work and also throw client under the bus. I had that with one of the companies I dealt with. And when audited they jumped out blamed me for everything when The truth was that they recommended the things that was being audited for.

    2. People don’t know everything that’s why you hire the professionals to do the work. Bet you he doesn’t even know most of the stuff that’s going on. He’s paying people to do it. There’s no way in his situation with that much $ to really have control over everything.

    3. @Nick l You’ve got that the wrong way around their clients like most people don’t want to be associated with Trumps criminality nor do they. Same reason all his investors are pulling the plug Anti democracy Donnie is a toxic brand to be associated with, well unless you’re trying to sell pillows 😅😅

    4. @Nick l “Bet you he doesn’t even know most of the stuff that’s going on. He’s paying people to do it. ”

      That’s hilarious, don’t you know how tremendous his brain is? how powerfully he understands taxes better than anybody alive?
      And this is the guy who redeems penny sized refunds on his kids school activities.

      “Nothing goes on in the Trump organisation without the full knowledge and authorisation of Mr Trump” – Michael Cohen, testament under oath to US Congress.

    5. my god havent you worked out yet this network has claim over 130 times trump getting lock up, or bankrupt in just 2 yrs

      and also spent 4 yrs telling a story about a fake russian dossier, no wondeer 90% of its key veiwers have left cnn

      some of its finest reporting was on Rittenhouse lol and covington kid

      and ran such stories as people familaur with trumps thinking lol

      and the best one, trump is making up he was spied on…. opps CNN wrong again

  8. His financial firm must be very very scared of upcoming hearings, i smell. Jumping of the sinking ship… Anyway, i really hope this will lead to his ultimate, final and official bankrupcy. Amen.

    1. I’m wondering which of the very few Trump lenders will be the first to demand immediate repayment of loans from Trump violating his debt covenants (i.e., not having clean books).

  9. I won’t be surprised if the orange clown “don-the-con” is going to sue this accounting firm. That’s what the orange clown does best, sue this or that person even if his lawsuits have absolutely no merits.

    1. least his campaign didnt destroy emails and phones, pay for a dossier of lies, hack servers. lol and still lost

      even half of democrats want hilary charged for the russian lies

    2. That’s right Roy Cohn taught Trump to react to everything & everyone by suing them , it ties them up & as he never pays his lawyers but they struggle to come up with the money to pay theirs.

    1. I cannot believe anyone in their right mind would find what Cnn or Msnbc cooks up after their solid track record of getting it wrong and their ratings being in the toilet. There is a lot more to what the Hillary campaign did than what you are claiming. The reports goes on to say much mire than that.

    2. Oh yeah CNN is a beacon of f****** truth get the f*** out of here working hard at the Hillary situation I think Hillary was the one working hard at it deflect deflect deflect you left he’s got to go the f*** up

    3. Fox News is only reporting on what Special Prosecutor John Durham is releasing. from his investigation It’s to bad the rest of the “ media” is missing out, and looking like fools., but that’s okay everything will be coming out in it own time. Soon enough, Democrats will be SOL.

  10. Well, for a guy who knows more about everything than everyone, doing his tax returns by himself should be easy!
    😃

  11. Vladimir Putin (on phone with Trump): 
    “Donald, I am so sorry. But as we say here in Russia, ‘It appears that you have outlived your usefulness to me'”.

  12. The accountants probably saw the writing on the wall – that Trump was going to try to blame them for any financial “errors.” Wisely, the accountants decided to come out first and place the blame on Trump, where it belongs.

    1. @C10wiremantaw Wallace. What will you say when he is found guilty? Wealth vs integrity. Settling out of court in no way means he wasn’t quilty. There is a log list of people that he has settled with. I’m sure you can do a little research to support this. Enlighten yourself. Pull your head out of Trump’s behind and take a breath Of fresh air and reality.

    2. @Andre Robinson Settling in court or out of court makes it a very legal thing that is in no way a crime only an issue of business and agreeing to settle the issue LEGALY.
      Its only illegal when you refuse to pay up and don’t stick to the agreement! He has never done that so what are you crying about really?
      He isn’t that guy who hits your car in the parking lot and drives away from the accident!
      I know his past history of lawsuits and settlements as well as his past failed business ventures. And they have nothing to do with being a commonsense person with sound ethics and morals.
      They have nothing to do with being a smart businessman and a good president with better policies than the democrat party can begin to offer to ALL Americans rather than just LBGT special interest groups in Hollywood & New York!

      Maybe you will wake up to these truths and stop JUDGING others when your Democratic Socialist party is the FAULT that caused the great divide of this Nation.

    3. @good morning I think you meant white collar crime not white color. White collar crime is usually that crime associated with company fraud and embezzelment etc.

  13. The Accounting firm is trying to cover their butts. How can you certify his records every year and then say something is wrong.

    1. lol Durham report !! clinton campaign hacked servers of trumps, and paid for dossier of lies

      not to mention Rogan saying the N word, not to someone but talking about the use of the word from someone else is worse that jan 6th lol

  14. “The depths of his dishonesty is just astounding to me. The dishonesty, the transactional nature of every relationship, though it’s more pathetic than anything else. President Donald Trump is the most flawed person I have ever met in my life.”
    — General John Kelly, Trump Chief of Staff, October 16, 2020

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