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February 14, 2022
Heather Cox Richardson
Feb 15
It appears there was a reason for the former president’s unhinged rant of yesterday suggesting that members of Hillary Clinton’s 2016 campaign had spied on him and that “in a stronger period of time in our country, this crime would have been punishable by death.” Trump is likely unhappy because of a letter his accountants, the firm Mazars, sent to the Trump Organization’s chief legal officer on February 9. That letter came to light today when New York Attorney General Letitia James, who is investigating the finances of the Trump Organization, filed new court documents to explain why she wanted to question Trump and his adult children under oath. The Mazars letter told the Trump organization that Trump’s financial statements from years ending June 2011 through June 2020 could not be relied upon to be accurate, and that it should tell anyone relying on those documents—banks, for example—that they were not reliable. It went on to say there was now a “non-waivable conflict of interest” with the Trump Organization that meant that Mazars was “not able to provide new work product” for the organization. Lawyer George Conway interpreted the letter for non-lawyers. He tweeted:“‘decision regarding the financial…statements’=they are false because you lied‘totality of the circumstances’=the D.A. is serious ‘non-waivable conflict of interest’=we are now on team D.A.‘not able to provide new work product’=sorry we’re not going to jail for you”That is, it appears that Mazars is now working with James’s office. Last month, James’s office alleged that there is “significant” evidence that the Trump Organization manipulated asset valuations to obtain loans and avoid taxes. Now Trump’s accountants appear to be working with her office and have said that Trump’s past ten years of financial statements “should not be relied upon.”This will probably be a problem for the banks that have loaned money to Trump. Their officers have likely relied on the accuracy of the information Trump provided, and according to lawyer Tristan Snell, the lenders could now call in loans early or otherwise change the terms of their agreements.The Trump Organization jumped on the statements in the Mazars letter that “we have not concluded that the various financial statements, as a whole, contain material discrepancies,” and that “Mazars performed its work in accordance with professional standards” to claim that it is exonerated from any wrongdoing. “This confirmation,” it wrote, “effectively renders the investigations by the DA and AG moot.” NBC legal analyst Glenn Kirschner tweeted: “Trump Org[anization] tries to spin it as a complete exoneration (& G[eorge] Orwell blushes).” Orwell was famous for identifying “doublespeak,” language that reverses the meaning of words.But while the fear of what it means for him that his accountant has dropped him might have inspired Trump’s rants about executing Hillary, the same does not hold for Representative Jim Jordan (R-OH), who on Sunday’s Fox & Friends broadcast agreed with Trump that Clinton’s aides had spied on him, and implied the punishment for such alleged espionage should be death. The normalization of violence as part of the mainstream Republican Party is cause for concern.—

Notes:https://www.thedailybeast.com/jim-jordan-says-trump-is-right-on-target-to-suggest-executions-for-clinton-campaign-aidesGeorge Conway @gtconway3d”decision regarding the financial financial statements”=they are false because you lied “totality of the circumstances”=the D.A. is serious “non-waivable conflict of interest”=we are now on team D.A. “not able to provide new work product”=sorry we’re not going to jail for you https://t.co/jbK2WUjncy Maggie Haberman @maggieNYTAG James’ office has submitted a court filing Re Trump case that includes a letter from his company’s accounting firm saying nearly a decade worth of financial statements can no longer be relied upon. https://t.co/sDUcDF1BEdFebruary 14th 20221,509 Retweets6,248 Likeshttps://www.cnn.com/2022/02/14/politics/trump-mazars/index.htmlTristan Snell @TristanSnellBigger problem for Trump: The loan agreements relying on the fraudulent financial reports likely have “representations and warranties” — including one in which Trump was vouching for the accuracy of all info he provided. So Trump may now be in breach of the lending agreements.February 14th 20223,376 Retweets17,944
LikesGlenn Kirschner @glennkirschner2So w/Trump’s accounting firm, Mazars, walking away from Trump Org. & declaring that 10 years of their accounting work cannot be viewed as reliable (obviously because Trump & Co. fed Mazars false info), Trump Org. tries to spin it as a complete exoneration (& G. Orwell blushes). February 15th 2022791 Retweets2,680 Likeshttps://www.theguardian.com/us-news/2022/feb/14/us-congressman-jim-jordan-echoes-trump-clinton-aides-executed
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