House committee subpoenas Trump financial information from accounting firm

Trump Attorneys Threaten Legal Action Against His Accounting Firm if They Comply with Dems’ Subpoena

Trump Attorneys Threaten Legal Action Against His Accounting Firm if They Comply with Dems’ Subpoena

The reported subpoenas come as House Oversight Committee Chairman Elijah Cummings (D-MD) subpoenaed Trump's accountant on Monday.

The subpoenas, first reported by the New York Times, were issued by the House Intelligence and Financial Services committees, which have been leading the Democrats' probe of Trump's finances.

"The potential use of the United States financial system for illicit purposes is a very serious concern. The Financial Services Committee is exploring these matters, including as they may involve the president and his associates, as thoroughly as possible pursuant to its oversight authority, and will follow the facts wherever they may lead us".

The subpoena was criticized by the president's son, Eric, who is running the family's sprawling business empire with his father in the White House.

Democrats are looking in particular at the president's failed attempt to buy the Buffalo Bills football club. "Instead of legislating, the committee is obsessed with harassing and undermining my father's administration, doing everything they can to distract from his incredible accomplishments. Today's actions by the committee set a terrible precedent for all taxpayers".

A spokesperson for Deutsche Bank told the Times the bank was "engaged in a productive dialogue" with the committees.

"We remain committed to providing appropriate information to all authorised investigations in a manner consistent with our legal obligations", she said in an emailed statement.

The House Oversight and Government Reform Committee has subpoenaed Trump financial information from Mazars, an accounting firm that once prepared several years' worth of President Donald Trump's financial statements, according to a Monday memo to committee members from Chairman Elijah Cummings. A representative for Deutsche Bank did not immediately respond to a request for comment Monday night, but Schiff added that the bank was working with the panels, noting that he looked "forward to their continued cooperation and compliance".