Trump’s former accounting firm is now turning over its financial records to Congress: Report

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

Mazars USA cut ties with Trump and his companies in February after the company said it could no longer stand behind financial information provided by Trump and his operations. Consequently, Mazars should “no longer rely on the financial statements that Mazars prepared for Trump from mid-2011 to mid-2020,” the company warned.

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

“They sent us some documents. We are reviewing them,” committee chair Rep. Carolyn Maloney (DN.Y.) Saturday at the Times. “Mazars is very cooperative,” she added.

The legislature declined to provide further details.

The commission will use the information in its investigation of allegations of conflict of interest while Trump was in office, and any violations of the Constitution’s Emoluments Clause. The clause prohibits federal officials from receiving payments or significantly valuable gifts from foreign governments.

Financial records required to be turned over to Congress under the settlement include any document indicating false or undisclosed information about Trump or his company’s assets, income or liabilities.

In addition, Mazars has to hand in records from 2017 and 2018 regarding relations between Trump’s companies and abroad.

Mazars cut ties with Trump during an investigation by New York Attorney General Letitia James into allegations that the Trump Organization inflated assets to obtain bank loans, while undervaluing property when it came time to pay taxes.

Trump fought in court with Congress to keep the financial documents secret, but the Oversight Committee announced a settlement for the lawsuit on Sept. 1.

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

“These documents will inform the committee’s efforts to get to the bottom of former President Trump’s abusive behavior and ensure that future presidents do not abuse their position of power for personal gain,” the statement added.

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