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Donald Trump May Have To Disclose His Financial Information Because He Tried To Buy The Buffalo Bills

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Donald Trump is the 45th president of the United States, and it’s hard to keep track of all the news that surrounds him at all times. But one mostly-forgotten aspect of his pre-presidential life may come back to haunt him: his attempt to buy the Buffalo Bills.

Trump was perhaps the loudest candidate to buy the Bills after the death of founder Ralph Wilson essentially put the team up for bid. Billionaire hydrofracker Terry Pegula eventually bought the team for more than $1.4 billion in 2014, but Trump was absolutely a factor in the bidding and is reported to have bid “under $900 million” for the team.

Trump was one of just three parties to submit a bid for the team, which was a complicated process that involved, in part, explaining where all that money would come from. And the documents doing that could bring to light something that Trump has tried hard to hide — just how much money he has, and where it comes from. The president will very openly tell you he has billions of dollars, but there are skeptics about his net worth that claim he’s inflating his own wealth.

Former Trump lawyer Michael Cohen claimed in testimony to congress that Trump had inflated his wealth in the process of bidding on the Bills, which led to an official inquiry in his financial records. According to UPI, Trump and his company are suing House Oversight Committee chair Elijah Cummings to block a subpoena that wants “statements of financial condition” and audits an accounting firm, Mazars USA, prepared for Trump in preparation for his bid to buy the Bills.

Last month, Cummings sent a letter to Mazars USA asking for a decade of financial statements it prepared for Trump and the Trump Organization. He said the committee particularly wanted to see financial information connected with Trump’s attempt to purchase the NFL’s Buffalo Bills.

The letter follows testimony by Trump’s former personal lawyer Michael Cohen in February that Trump falsified records to banks and insurance companies.

Trump’s lawyers issued a statement on Monday saying the committee seeking his records is simply trying to tear his presidency down, but Trump’s attempt to buy an NFL franchise has already had some weird consequences, such as the story of him funding a smear campaign of Jon Bon Jovi in Western New York. Yes, the Bon Jovi frontman was the figurehead of a group of Toronto businessmen who also wanted to buy the Bills, and Trump apparently backed a “grassroots” organization that wanted to ban Bon Jovi songs from Buffalo bars as a sign of defiance.

Last month the New York State attorney general announced it would look into that claim, which was made by another Trump confidant in a GQ story that ran in 2017..

[via PFT]

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