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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElijah Cummings moves to subpoena Trump financial records
(Politico) House Oversight and Reform Committee Chairman Elijah Cummings (D-Md.) is moving to issue a subpoena to obtain 10 years of President Donald Trumps financial records from accounting firm Mazars USA, the chairman told members of the panel in a memo on Friday.
Cummings plans to issue the subpoena on Monday after Mazars asked for a so-called friendly subpoena, so that it could comply with the committees document demands.
In his memo, Cummings explained that the committee asked for the records as part of its efforts to corroborate allegations made by Trumps former fixer and attorney Michael Cohen, who told lawmakers in February that Trump artificially inflated and deflated the value of his assets to his personal benefit.
Cohen turned over three of Trumps financial statements to the committee. Some of those statements were prepared by Mazars. Cummings wrote in his memo that those documents raise grave questions about whether the president has been accurate in his financial reporting.
The subpoena seeks all records prepared by Mazars that relate to the president, his revocable trust and the Trump Organization, among other Trump entities. The committee will also demand that Mazars turn over all communications between Trump and Donald Bender, who is a partner at Mazars.
Read more:
https://www.politico.com/story/2019/04/12/cummings-subpoena-trump-financial-records-1273464
samnsara
(17,570 posts)bluestarone
(16,722 posts)Turn up the FUCKING HEAT on this bastard!!
vlyons
(10,252 posts)No more pussy-footing around.
C_U_L8R
(44,894 posts)And the taxes too
Kurt V.
(5,624 posts)Ferrets are Cool
(21,063 posts)Golden Raisin
(4,600 posts)machoneman
(3,952 posts)In essence, it's the distillation of lots of financial records into a specific order, so to speak, that forms the basis of a tax filing. No matter how complex, difficult, far flung organizations, etc., the records do show an awful lot of details that must have been in the tax filings.
To wit, depreciation schedules, profit/loss statements, taxes paid, stock distributions and hundreds of other details can be gleaned and help paint a picture of what a tax filing (or years worth) could or did look like.
Now, even with massive 'cheating' say on the valuation of real estate in NYS (Cohen's tax evasion cliams) up or down to minimize taxes paid, until those figures hit a signed tax filing, it would be hard to prove with merely the financial records alone. But and it's a big one here, those very same records could easily butress charges that the actual tax filings did use false data.
Btw, Trump really can't stop Mazar's at all unlike the bending over backwards the IRS guy, Munchkin Mnuchin, Ghouliani and others have laready done or will do to protect Trump's filings.
Add the records and later, the tax filings, and Trump is toast per Cohen's testimony!
Evolve Dammit
(16,632 posts)pdsimdars
(6,007 posts)Just DO it already. I am sick of all the posturing and threats. If it was any of us "regular" people who had done much less than they have, we'd be in prison already. One of my indicators of whether or not we still have a real rule of law is if they can ACTUALLY put someone rich or powerful in prison. Somehow they always just slip out of it.
wiggs
(7,788 posts)to determine if he's compromised via money laundering, direct payoffs, conflicts of interest with foreign countries, criminal behavior such as bribes, cheating, etc that could lead to blackmail or personal enrichment.
I believe there's tons of that...if it's easier to find inaccuracies in financial reporting, fine. But it's a real possibility that there's MUCH WORSE and media, elected officials, and pundits hardly mention it.