The independent special monitor investigating Donald Trump and the Trump Organization's financial statements found discrepancies in their filings, suggesting it could be tax evasion. The special monitor found that the former president and his company may have falsified disclosures over a $48 million loan.

The court-appointed monitor, former federal judge Barbara Jones, found that the Trump Organization filed disclosures that were riddled with errors. She wrote a letter to the court, which submitted her findings. The letter, obtained by The Daily Beast, also contained a footnote that indicated that the former president may have engaged in massive tax evasion.

The letter was reportedly delivered to update Manhattan Supreme Court Justice Arthur Engoron regarding the special monitor's findings, which included financial information filed to her by Trump's own legal team. This financial information reportedly contained "incomplete" or "inconsistent" disclosures containing multiple "errors."

However, the independent monitor added that Trump and his businesses were "cooperative" with her investigation, according to Business Insider.

What Did Special Monitor Say About 'Errors' in Donald Trump Financial Statements

In her letter to Judge Engoron, former Judge Jones, the independent monitor, wrote, "When I inquired about this loan, I was informed that there are no loan agreements that memorialize the loan, but that it was a loan that was believed to be between Donald J. Trump, individually, and Chicago Unit Acquisition for $48 million."

This raised her eyebrows, adding, "However, in recent discussions with the Trump Organization, it indicated that it has determined that this loan never existed - and thus that it would be removed from any upcoming forms submitted to the Office of Government Ethics (OGE) and would also be removed from subsequent versions of MAML."

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If what the former judge found was true, this could mean that the Trump Organization essentially admitted that "all the financial disclosures Trump has filed with the federal government listed an entirely fictional debt worth tens of millions of dollars, which Trump claimed he personally owed to one of his own companies."

Alan Garten, chief legal counsel for the Trump Organization, spoke with The Daily Beast and explained the inaccuracies, and simply stated, "That's one of many inaccuracies contained in the monitor's letter, which we will be addressing with the court."

Trump Organization Acknowledged Issues in Company and Donald Trump's Financial Statements

Despite this statement from the Trump Organization, however, the independent monitor's letter also revealed that the company acknowledged to her that the financial statements had issues when she asked them about it, according to ABC News.

"It is important to note that the Trump Organization acknowledged the disclosure issues described after I brought them to its attention and has been open to recommendations to improve accuracy and transparency," she wrote, adding that the company did implement changes to their disclosures and provided additional information following omissions.

She also noted that there were "Absent steps to address the items above, my observations suggest misstatements and errors may continue to occur, which could result in incorrect or inaccurate reporting of financial information to third parties."

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This article is owned by Latin Post.

Written by: Rick Martin

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