Trump's Former Accounting Firm Now Turning Over His Financial Records To Congress: Report

The New York Times reported Saturday that Donald Trump's former accounting firm is turning over financial records to Congress.

In February, Mazars USA cut ties with Trump and his businesses after the firm said it couldn't stand behind financial information provided by Trump. The company warned that financial statements prepared for Trump from mid-2011 to mid 2020 should no longer be relied on.

According to the Times, the House Oversight Committee has received the first set of documents from Mazars after a legal settlement.

According to the newspaper, there will be more documents in the future.

A lot of documents have been sent to us. The chair of the committee said they were reviewing them. She said that the man was being very cooperative.

The lawmaker wouldn't say anything else.

There are allegations of a conflict of interest when Trump was in office and possible violations of the Emoluments Clause. Federal officials can't receive payments from foreign governments.

Any document that indicates false or undisclosed information about Trump or his companies is included in the financial records that must be turned over to Congress.

The former president converted the Old Post Office Building into the Trump International Hotel. Politicians from all over the world frequented the hotel while Trump was in office.

Records relating to relationships between Trump's businesses and foreign nations must be turned over.

The Trump Organization has been accused of inflating the value of assets to get bank loans and undervaluing properties to avoid paying taxes.

Mazars ended its relationship with Trump after he claimed the accounting firm had been broken by racist prosecutors.

The Oversight Committee announced a settlement of the litigation in which Trump fought to keep the financial documents secret.

"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," she stated.

The documents will inform the committee's efforts to get to the bottom of former President Trump's egregious conduct and ensure that future presidents don't abuse their position of power for personal gain

The article was first published on HuffPost.

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