This is an archived article that was published on sltrib.com in 2017, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washingotn • President-elect Donald Trump's nominee to lead the Treasury Department initially failed to disclose his interests in a Cayman Islands corporation as well as more than $100 million in personal assets, according to a memo by Democratic staffers on the Finance committee that was obtained by The Washington Post.

"The reason nominees are allowed to amend their disclosure forms is to ensure that all the information provided is correct," said Mnuchin spokeswoman Tara Bradshaw. "That is why we have provided the appropriate amended forms to the committee."

Steven T. Mnuchin is slated to face lawmakers Thursday in what is expected to be a testy confirmation hearing before the Senate Finance committee. Mnuchin has already come under fire for his management of a controversial California bank accused of aggressively foreclosing on homeowners and discriminating against minorities — charges that he denies. Democrats have also sought to highlight the former Goldman Sachs executive's deep ties to Wall Street in hopes of undercutting Trump's populist appeal, and the new details of his financial holdings are likely to provide them more ammunition.

According to the memo, Mnuchin submitted answers December 19 to a standard committee questionnaire seeking information about his financial and business interests. At the time, Mnuchin verified that those responses were accurate and complete.

However, Mnuchin had left out $95 million in real estate from his initial disclosures, according to the memo. Those assets included a co-op in New York City and homes in Southampton, New York, and Los Angeles. In addition, the memo revealed Mnuchin possesses about $15 million worth of real estate in Mexico.

Mnuchin also at first failed to disclose his role as director of Dune Capital International, which is incorporated in the Cayman Islands, the document shows. He also holds positions in nine other business entities and three trusts, including one connected to Sears Chief Executive Edward Lampert, Mnuchin's former college roommate.

According to the memo, Mnuchin characterized the missing information as inadvertent mistakes, and he updated his answers to the committee's questionnaire on Saturday, less than a week before his hearing.

Mnuchin is just one of the ultra-rich advisers that Trump has picked to fill his Cabinet, which is expected to be the wealthiest in modern American history. Billionaire investor Wilbur Ross is the nominee to lead the Commerce Department, while Education Department nominee Betsy DeVos is the daughter-in-law of Richard DeVos, the cofounder of Amway. Trump's pick for Secretary of State, Rex Tillerson, retired as chief executive of Exxon Mobil following his nomination with a retirement package of $180 million.

The nominees' extensive and complicated financial ties — coupled with the fact that many of them have never served in government — have overwhelmed the government's ethics office as well as committee staff responsible for vetting them. Delays in paperwork and financial disclosures forced hearings to be delayed for several Cabinet picks, including Labor secretary nominee Andrew Puzder, chief executive of CKE Restaurants, which owns burger chains Carl's Jr. and Hardee's.

Word of errors in Mnuchin's disclosure forms come amid growing ethical issues for other Trump Cabinet nominees that raise questions about their nominations.

On Wednesday, Democratic senators repeatedly questioned Rep. Tom Price, R-Ga., Trump's choice to lead the Department of Health and Human Services, about personal investments in health-care firms that benefited from legislation that he was pushing at the time.

News reports also revealed that Rep. Mick Mulvaney, R-S.C., Trump's nominee to head the Office of Management and Budget, had acknowledged during his vetting process that he failed to pay more than $15,000 in state and federal employment taxes for a household employee.

And Commerce Department nominee Wilbur Ross told lawmakers during his confirmation hearing Wednesday that one of the "dozen or so" housekeepers he has hired since 2009 was undocumented. He had only recently discovered the worker's status and fired the individual, he said.

Republicans are still hoping to confirm at least a handful of Trump's nominees on Friday afternoon after his inauguration. There is little opposition to most of Trump's top national security picks, including retired Marine Gen. James Mattis to lead the Pentagon; Rep. Mike Pompeo, R-Kan., to lead the CIA; and retired Marine Gen. James Kelly to serve as secretary of homeland security.