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House Dems to obtain Trump’s financial docs after agreement not to appeal

September 2, 2022 | | Print Article

The anti-Trump cabal has worked the system to gain yet another angle of attack. Former President Donald Trump’s team has acquiesced to a D.C. Circuit Court of Appeals ruling, reaching an agreement to release financial records to the House Oversight and Reform Committee.

Trump’s legal team notified the federal appellate court on Wednesday of the decision.

The news was announced Thursday in a statement from Reform Committee Chair, Carolyn Maloney, who inherited the reigns of this quest to get at Trump’s finances from former chair, Elijah Cummings.

“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 her statement Thursday.

“In April 2019, the Oversight Committee issued a lawful subpoena for financial records as part of our investigation into President Trump’s unprecedented conflicts of interest, self-dealing, and foreign financial ties,” added the New York Democrat.

The circumstances surrounding this victory are less than ideal for Maloney, who lost in a bitter primary last week to Jerry Nadler in their consolidated New York district.

“Under the agreement reached by the Committee, former President Trump has agreed not to further appeal the D.C. Circuit’s ruling, and Mazars USA has agreed to comply with the court’s order and produce responsive documents to the Committee as expeditiously as possible,” Maloney said.

Mazars USA is the former president’s accounting firm, which cut ties with the Trump Organization in February, citing the complications of dealing with statements of financial conditions. Nevertheless, the firm will cooperate in supplying all subpoenaed documents.

It has been a saga so extensive and complicated that Maloney released a timeline of what will unfold in the House as they look into it. Trump’s legal team will have its hands full, as it now faces this battle on two fronts – his accounting practices are also under civil investigation in New York.

The House panel’s 2019 subpoena seemed to gather momentum when Trump’s former attorney Michael Cohen testified that the Trump Organization overvalued assets to secure financing and then played them down when paying taxes. Trump fought the process all along, until yesterday. New York AG Letitia James has been focusing her efforts on this aspect of the fray.

Trump’s legal team has been fortified of late, as he prepares what promises to be a massive battle against the Justice Department over the Aug 8 raid on his Florida home.

Trump Hunting Season is year-round in Washington, D.C., ever since he announced his run for president in June of 2015. The eighth year of hunting began with a bang, with the raid. And now, the Oversight Committee has bagged a stag and hopes to turn it into savory treats for Trump haters everywhere, after three years of dedication to get at Trump’s financial records.

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Dan Wells
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