erik lundegaard

Sunday February 20, 2022

That Mazars Letter, Translated

I'd heard about it, certainly, but missed the import of it. Thankfully, Friday, there was super tax lawyer and anti-Trumper George Conway (hubby, yes, of Kellyanne) to explain it all in The Washington Post. 

On Feb. 9, the accounting firm Mazars USA sent a letter, via electronic mail, terminating its longtime relationship with the Trump Organization. Among the things they said: “... the Statements of Financial Condition for Donald J. Trump for the years ending June 30, 2011 - June 30, 2020 should no longer be relied upon.” 

Wow. That's brutal enough. But it's how they came to this conclusion that's even better: from the Jan. 18 filings of the NY AG investigating the Trump Org.; from info from internal and external sources; and from their own investigation. “Mazars performed its work in accordance with professional standards,” they wrote. So the fault lies elsewhere. Guess where?

Wait, it gets better. They add that, because of “the totality of the circumstances, we have also reached the point such that there is a non-waivable conflict of interest with the Trump Organization. As a result, we are not able to provide any new work product to the Trump Organization.” Conway translates this for us:

Oh, and by the way, Donald and Melania's tax returns are due in four business days—but, hey, we promise “to facilitate a smooth transition to your new tax preparers.” Best regards, Mazars.

Wait, it gets better. Conway again:

The letter was an unmitigated disaster for Trump, far beyond his possibly having to file late returns. By saying the statements “should no longer be relied upon,” the accountants effectively announced, You misled us. By “totality of the circumstances,” they likely meant, The prosecutors investigating you, and the case they're making, are serious.

By pronouncing “a non-waivable conflict of interest,” they were all but saying, We're on team A.G.—or we might have to join someday soon. And by saying no “new work product” and quitting, they essentially declared, We don't trust you—and we're certainly not going to jail for you.

Throughout the piece, Conway counsels caution. He begins it by saying it's never a safe bet to predict the demise of Donald Trump. You think he's done and then he's not. And he's got a dumbshit base that will do whatever the fuck he tells them. But Conway ends the piece upbeat. “Could this be, at long last, the beginning of the end for Trump? As always, don't bet on it—but this time, don't be surprised if it is.”

Pass the popcorn.

Posted at 09:51 AM on Sunday February 20, 2022 in category Politics  
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