Elijah Cummings Targets Trump’s Financial Records
Congressman Elijah Cummings (D-MD) wants 10 years of Donald Trump’s financial records from his New York-based accountant, following accusations from the president’s former lawyer, Michael Cohen, that Trump had inflated his worth to mislead his lenders and insurers. Cummings sent a letter to Victor Wahba, CEO of the audit firm Mazars USA, asking for copies of “statements of financial condition” and audits prepared for Trump and several of his companies, including the company that holds the Trump International Hotel in downtown DC. The House Oversight Committee, which Cummings chairs, also asked Mazars for supporting documents used to produce those reports, as well as communications between the firm and Trump himself. Cohen, who is now headed to prison for lying to Congress, said at a House Oversight hearing in February that Trump sometimes exaggerated the numbers to make himself appear wealthier in response to questioning from Congresswoman Alexandria Ocasio Cortez (D-NY). Cohen said Trump would inflate the values of his commercial buildings by taking the rent their tenants paid and multiplying it by a number Trump himself chose. But Cohen also alleged that Trump would deflate his assets to pay less in taxes. Cohen provided the documents as evidence to support his claim that Trump had submitted false financial statements to Deutsche Bank in order to get financing to buy the Buffalo Bills NFL team. Cummings requested responsive documents by April 3rd. Ranking Republican Member Congressman Jim Jordan (OH) sent a letter directly to the accounting firm with the apparent purpose of encouraging them not to cooperate. Cummings replied, “I suppose it is no longer a surprise that Republicans on the Oversight Committee are now opposed to oversight itself—especially since a Republican entered the White House.” Read the full letter to Mazars USA here.