Bank Requests Subpoena From Democrats Before It Hands Over Trump Info
House Democratic chairs of multiple committees looking into the financial dealings and possible conflicts of interest within the White House requested information from Capital One last month. In response, the company implied it would comply with those requests, but only after it received a subpoena.
The House chairs making the request include Oversight Committee Chairman Elijah Cummings, Intelligence Committee Chairman Adam Schiff, and Financial Services Committee Chairwoman Maxine Waters.
In a letter sent to Capital One, the three stated they “are investigating several overlapping topics including but not limited to the President’s potential financial conflicts of interest, compliance with the foreign and domestic Emoluments Clauses of the U.S. Constitution and any counterintelligence threats arising from links or coordination between U.S. persons and other foreign entities, including any financial or other compromise or leverage over the President and his business interests,” reporting from CNN detailed.
The organization responded by stating it was collecting the requested information, but that it wouldn’t release it to Congress until a subpoena was sent.
Three powerful House committee chairs asked Capital One for documents last month related to Trump's business empire — Capital One said it was already preserving documents but needs a subpoena in order to comply, according to letters obtained by POLITICO. https://t.co/BAxgvnsc5H
— Kyle Griffin (@kylegriffin1) April 4, 2019
“Given the confidentiality obligations we have as a financial institution, including under state and federal law, we respectfully request that any production of materials be made pursuant to a subpoena rather than an informal request,” the bank wrote in its response. “Please feel free to email the subpoena to me, and Capital One will waive any requirement of formal service.”
The request for a subpoena is not an unfamiliar one. Per previous reporting this week from HillReporter.com, it was revealed that Mazars USA, an accounting and tax firm, made a similar request to the Oversight Committee for a so-called “friendly subpoena,” in which a person or an organization suggests they are willing to comply with a request for information but wishes to do so only after a formal subpoena order is made.