This can’t be good news for Trump:
“The law firm that handled the tax affairs of Donald Trump and his company during his presidency said it would stop representing him and his business,” The Wall Street Journal reported Thursday. “The firm, Morgan Lewis & Bockius, is currently wrangling with the New York attorney general’s office over documents related to its work for the former president’s business, the Trump Organization. Led by Democratic Attorney General Letitia James, the office is conducting a civil-fraud probe into Mr. Trump’s financial dealings.”
“Morgan Lewis joins other firms that have distanced themselves from Mr. Trump in recent days. After the Jan. 6 Capitol riot, Seyfarth Shaw LLP said it had notified the Trump Organization it would no longer represent the company,” the newspaper reported.
“The New York attorney general’s office in August asked a judge to order Morgan Lewis and Ms. Dillon to comply with subpoenas that were part of its civil-fraud probe. The attorney general’s office argued the firm had refused to hand over substantive communications between Ms. Dillon and key Trump Organization employees. Morgan Lewis said the documents in question were protected by attorney-client privilege,” the newspaper reported. During the deposition, Ms. Dillon said she had no idea how many times she met with Mr. Trump’s son Eric Trump about Seven Springs, a Trump estate in New York’s Westchester County that is part of the attorney general’s probe, the letter said.”
The newspaper published a statement from the law firm.”We have had a limited representation of the Trump Organization and Donald Trump in tax-related matters,” a Morgan Lewis spokesperson said. “For those matters not already concluded, we are transitioning as appropriate to other counsel.”
It one thing to lose your leasing managers or even your bank. Losing your tax accountants when you are under criminal and civil investigation for fraud and possibly money laundering, not to mention the IRS, has to be worrying. These are people who know things and you want to keep them as close as possible.
I have no idea if any of these investigations will pan out. Rich, politically connected people usually get away with their crimes in this country so I don’t have my hopes up. But now that he’s out of power, there’s really no downside to making Donald Trump nervous.