Trump’s ex-accounting firm is now turning over its financial records to Congress: report

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Donald Trump’s longtime former accounting firm has begun turning over financial records to Congress as part of lawmakers’ investigation into the former president’s business practices, The New York Times reported on Saturday.

Mazars USA severed ties with Trump and his businesses in February after the company said it could no longer stand behind financial information provided by Trump and its operations. Therefore, financial statements prepared by Mazars for Trump from mid-2011 to mid-2020 “should no longer be relied upon,” the company warned.

The House Oversight Committee received a first batch of documents from Mazars following a legal settlement regarding various financial disclosures from 2014 to 2018, the Times reported.

Other documents should be provided soon, according to the newspaper.

“They sent us a number of documents. We are looking at them,” committee chair Rep. Carolyn Maloney (DN.Y.) told The Times on Saturday. “Mazars is very cooperative,” she added.

The lawmaker declined to give further details.

The committee will use the information in its investigation into alleged conflicts of interest when Trump was in office and any possible violations of the Constitution’s emoluments clause. The clause prohibits federal officials from receiving large payments or gifts from foreign governments.

The financial records that must be turned over to Congress as part of the settlement include any document showing false or undisclosed information about the assets, income or liabilities of Trump or his companies.

Documents from 2016 to 2018 related to the old post office building, which the former president turned into the Trump International Hotel, must also be provided under the terms of the settlement. The hotel, once called an “epicenter” of corruption by a local watchdog, was frequented by politicians – domestic and foreign – while Trump was in office.

Additionally, Mazars must hand over records from 2017 and 2018 related to Trump’s corporate dealings with foreign nations.

Mazars cut ties with Trump amid an investigation by New York Attorney General Letitia James into allegations that the Trump Organization inflated asset values ​​to obtain bank loans, while under -assessing properties when paying taxes.

After Mazars ended his relationship with Trump, he claimed the accounting firm had been “smashed by hard-left, racist prosecutors” but offered no credible details.

Trump fought Congress in court to keep the financial documents secret, but the oversight committee announced a settlement of the lawsuit Sept. 1.

“After numerous court victories, I am pleased that my committee has now reached an agreement to obtain key financial documents that former President Trump fought for years to hide from Congress,” Maloney said in a statement. after settlement.

“These documents will inform the committee’s efforts to shed light on former President Trump’s egregious conduct and ensure that future presidents do not abuse their positions of power for personal gain,” the statement added.



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