In 2019, Michael Cohen, Trump’s former personal attorney, testified before the committee that Trump’s financial statements had falsely represented the former president’s assets and liabilities and that Trump had “inflated his total assets when it served his purposes” and, at other times, “deflated his assets to reduce his real estate taxes”.
The committee then issued a subpoena to Mazars, prompting Trump to file a lawsuit against the firm to prevent the company 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 Trump and Mazars that allows the panel to obtain key financial documents.
The agreement states that Mazars must turn over any documents between 2014 and 2018 that indicate any false or undisclosed information about Trump’s assets, income or liabilities; communications related to any potential concerns that financial information provided by Trump’s companies was inaccurate; documents from November 2016 to 2018 related to the Old Post Office Building, a federal property in Washington that Trump’s company converted into a hotel through a lease deal; and documents from 2017 and 2018 related to relationships between Trump’s businesses and foreign states.
The settlement allows for Mazars to exercise its “independent judgment” in determining which documents are responsive to the committee’s subpoena.
“These documents will inform the committee’s efforts to get to the bottom of former President Trump’s egregious conduct and ensure that future presidents do not abuse their position of power for personal gain,” Maloney said in a statement announcing the settlement.
The oversight committee is also engaged in an investigation into Trump’s handling of presidential records and classified documents.
On Tuesday, the committee said the National Archives had informed congressional aides that it was still unsure whether Trump had surrendered all the presidential records he had removed from the White House, even after months of negotiations, a subpoena and a search of his Florida property.
“Some of the most classified information, we don’t even know where it is,” Maloney said. “Right now, we don’t know how much is still out there.”
The federal government failed for more than a year and a half to retrieve classified and sensitive documents from Trump before resorting on August 8 to a court-approved search of his Florida estate, Mar-a-Lago.
Maloney has requested a formal assessment from the archives of what presidential records, if any, removed from the White House by Trump remained unaccounted for and whether the archives believed they might still be in his possession.
She suggested authorities search other Trump properties to ensure that all sensitive material is returned.
“We’ve been very active going after getting these documents and will continue until we are certain that we have retrieved all of them,” she said.
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