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Trump’s Former Accounting Firm Turns Over Documents to Congress

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WASHINGTON — Mazars USA, the longtime accounting firm for former President Donald J. Trump that cut ties with him and his family business this yr, has begun turning over documents related to his financial dealings to Congress.

After a yearslong legal fight, the House Oversight Committee has received a primary trove of documents from the firm, which recently entered right into a legal settlement agreeing to supply a spread of monetary documents from several years before Mr. Trump took office and through his early presidency. Mazars said in February it could now not stand behind a decade of annual financial statements it had prepared for the Trump Organization.

More tranches of documents are expected to follow.

“They’ve sent us various documents,” Representative Carolyn B. Maloney, Democrat of Recent York and chairwoman of the committee, said in an interview Saturday. “We’re reviewing them.”

Ms. Maloney declined to say exactly what documents the panel had received thus far, but she said that “Mazars is being very cooperative.”

“We’re the one committee that has gotten financial documents,” she added.

The documents Mazars is providing Congress concern Mr. Trump’s financial dealings from 2014 to 2018. He took office in 2017 after a profession in real estate and other businesses.

The Oversight Committee has been in a lengthy struggle to acquire financial documents from Mr. Trump as a part of its investigation into allegations of conflicts of interest, inadequate financial disclosures and violations of the emoluments clauses of the Structure, which bar the president from receiving profits from a domestic or foreign government aside from his official compensation.

In 2019, Michael D. Cohen, Mr. Trump’s former personal attorney, testified before the committee that Mr. Trump’s financial statements had falsely represented the previous president’s assets and liabilities and that Mr. Trump had “inflated his total assets when it served his purposes” and, at other times, “deflated his assets to cut back his real estate taxes.”

The committee then issued a subpoena to Mazars, prompting Mr. Trump to file a lawsuit against the firm to stop the corporate from complying. The committee subsequently won a series of legal victories, including before the Supreme Court in July 2020.

This month, the committee reached a settlement with Mr. Trump and Mazars that permits the panel to acquire key financial documents.

The agreement states that Mazars must turn over any documents between 2014 and 2018 that indicate any false or undisclosed details about Mr. Trump’s assets, income or liabilities; communications related to any potential concerns that financial information provided by Mr. Trump’s corporations was inaccurate; documents from November 2016 to 2018 related to the Old Post Office Constructing, a federal property in Washington that Mr. Trump’s company converted right into a hotel through a lease deal; and documents from 2017 and 2018 related to relationships between Mr. Trump’s businesses and foreign states.

Credit…Kenny Holston for The Recent York Times

The settlement allows for Mazars to exercise its “independent judgment” in determining which documents are aware of the committee’s subpoena.

“These documents will inform the committee’s efforts to resolve former President Trump’s egregious conduct and make sure that future presidents don’t abuse their position of power for private gain,” Ms. Maloney said in a press release announcing the settlement.

The Oversight Committee can be engaged in an investigation into Mr. Trump’s handling of presidential records and classified documents.

“Among the most classified information, we don’t even know where it’s,” Ms. Maloney said. “Immediately, we don’t understand how much continues to be on the market.”

The federal government failed for greater than a yr and a half to retrieve classified and sensitive documents from Mr. Trump before resorting on Aug. 8 to a court-approved search of his Florida estate, Mar-a-Lago.

Ms. Maloney has requested a proper assessment from the archives of what presidential records, if any, faraway from the White House by Mr. Trump remained unaccounted for and whether the archives believed they could still be in his possession.

She suggested authorities search other properties of Mr. Trump’s to make sure all sensitive material is returned.

“We’ve been very energetic going after getting these documents and can proceed until we’re certain that now we have retrieved all of them,” she said.

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