For Trump, a Perilous Exclamation Point to Years of Wealth Inflation

[Nevilledog]

Link to tweet

https://www.nytimes.com/2022/02/16/business/trump-wealth-mazars.html

No paywall
https://archive.fo/8rcgr


On Tuesday evening, former President Donald J. Trump, rattled by news that his longtime accountants had declared that years of his financial statements were not reliable, issued a statement of self-defense with new claims about his wealth.

These, too, did not add up.

In a rambling emailed message, Mr. Trump referred to a “June 30, 2014 Statement of Financial Condition” prepared by the accounting firm, Mazars USA, showing that the year before his first presidential run his net worth had been $5.8 billion. But that is not what he said back then.

When he declared his candidacy in 2015, he produced what he called his “Summary of Net Worth as of June 30, 2014” with a very different number: $8.7 billion. A month later, he upped the ante, releasing a statement pronouncing that his “net worth is in excess of TEN BILLION DOLLARS.”

The shape-shifting valuations, even in the face of mounting legal peril with Mazars’ decision to sever ties and disavow its past financial statements, get to the core of a problem for Mr. Trump. He has spent a lifetime bending reality to his will, often making it up as he went along, inventing facts and figures to support his needs in the moment. In fact, in his Tuesday email he suggested the intangible value of the “Trump brand” was actually worth an extra $3 billion in 2014.

*snip*

[C_U_L8R]

1. The problem with telling as many lies as Trump

It's impossible to keep them all straight.

[Skittles]

2. never a problem

if no one ever holds you accountable

[TlalocW]

7. I wonder if it's more ego

There's almost nothing he hates more than someone saying he doesn't know something.

TlalocW

[struggle4progress]

3. "Invest in Trump Treasure: today's hottest new non-fungible token!

Enjoy the thrill of being a high-roller, as the value of each of your Trump Treasure tokens changes its declared value separately and unpredictably!"

[monkeyman1]

4. Lmfao - TDFG brand not worth jack shit ! look at people ditching his name !!!

[wnylib]

5. I Iook forward to seeing his name ripped off of buildings

and maybe the buildings themselves torn down.

[monkeyman1]

6. NYC has done a few in the past 5 yrs & down in Panama !

he's losing money like a bucket full of holes !! attorneys are eating his money up by the hour & bank's won't touch the TDFG with-in a country mile ! love it ! I know Bloomberg is loving this & whole world !!