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Thu Jan 21, 2021, 06:31 PM

Trump Tax Law Firm Ends Work for Ex-President

Wall Street Journal
Corinne Ramey

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 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.

“We have had a limited representation of the Trump Organization and Donald Trump in tax-related matters,” a Morgan Lewis spokeswoman said. “For those matters not already concluded, we are transitioning as appropriate to other counsel.”

The spokeswoman didn’t provide a reason for the firm’s decision.

https://www.wsj.com/articles/trump-tax-law-firm-ends-work-for-ex-president-11611252382

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Reply Trump Tax Law Firm Ends Work for Ex-President (Original post)
Wicked Blue Jan 2021 OP
dawg day Jan 2021 #1
Wicked Blue Jan 2021 #2
no_hypocrisy Jan 2021 #4
Gothmog Jan 2021 #3
soothsayer Jan 2021 #5
LastLiberal in PalmSprings Jan 2021 #6

Response to Wicked Blue (Original post)

Thu Jan 21, 2021, 06:35 PM

1. I think we've seen that he's frequently expecting his lawyers to lie and cheat for him,

and doggone it, trouble is Rudy and Powell and Wood don't do tax law.

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Response to dawg day (Reply #1)

Thu Jan 21, 2021, 06:38 PM

2. Also, he doesn't pay them if he can get away with it

Rudy is probably still looking for his $20,000 a day. Heh.

I'm sure the tax firm insists on getting paid.

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Response to dawg day (Reply #1)

Thu Jan 21, 2021, 06:45 PM

4. I have a different theory about this.

In Sidney Zion's autobiography of Roy Cohn,* Cohn's MO was not to take money for legal services rendered (or for "fixing" a situation). Instead, he collected a "marker," that is, an exchange of favors. The client would be connected to banks or politics or government, etc. and would be expected to pay back Cohn's marker when asked (at any time) for a value that exceeded the value of services rendered. That's why Cohn was so "well connected."

Trump obviously was aware of this type of barter system and has tried to institute it on past legal counsel -- but, as we all know, Trump never reciprocated with the markers, that is, no money and no return favor(s).

You can't believe for a moment that Trump ever paid a retainer for any attorney, can you? (And Trump is a poster child of why attorneys make you put up $7,500 and more for a retainer before the first phonecall. They don't have insurance that they'll get their money. BTW, lawyers and doctors are the last professions generally paid according to statistics.)


* The Autobiography of Roy Cohn by Sidney Zion. https://www.amazon.com/Autobiography-Roy-Cohn-Sidney-Zion/dp/0312914024

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Response to Wicked Blue (Original post)

Thu Jan 21, 2021, 06:43 PM

3. Morgan Lewis is a good firm

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Response to Wicked Blue (Original post)

Thu Jan 21, 2021, 06:46 PM

5. Is the audit done? Audit lasted longer than its term

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Response to Wicked Blue (Original post)

Thu Jan 21, 2021, 07:05 PM

6. Advice to anyone brave enough to take Trump on as a client.

Get all the money up front. In cash. Charge your normal rate and add 50% for aggravation.

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