Trump: "Everybody" within Trump Organization is responsible for identifying internal fraud
From CNN's Lauren del Valle, Kara Scannell and Jeremy Herb in New York
Donald Trump testified that ultimately everybody within the Trump Organization is responsible for identifying internal fraud, following questions from New Yorks assistant attorney general.
"I would say everybody," Trump responded to questioning.
In the years before he became president of the United States, employees would bring issues to him or other management executives to be resolved.
He recalled instances where building managers may have been illegally renting apartments to pocket the money themselves.
When it came to the financial statements, he said he figured Mazars USA, the accounting firm that Trump and his businesses used, would flag any issues. "I would assume Mazars would come and recommend something and we'd amend that procedure," Trump said.
Trump is blaming the accountants, when the accountants refused to sign off on the valuations because it lacked GAAP.