Analysis: Michael Cohen testified Trump submitted false insurance claim for bathroom ceiling fresco
“Mr. Cohen lied to Congress, defrauded the federal government out of millions of dollars, and is going to prison — no one should believe a word he says,” deputy spokesman Hogan Gidley told Power Up.which would be the first example of insurance fraud that has surfaced following his public testimony that Trump often exaggerated his personal wealth in financial documents provided to banks and insurers.
“In other cases, according to copies of the statements obtained by The Washington Post, Trump exaggerated his wealth by leaving things out … ‘When we were dealing . . . with insurance companies, we would provide them with these copies so that they would understand that the premium, which is based sometimes upon the individual’s capabilities to pay, would be reduced,’ Cohen testified.” on Trump's questionable insurance practices in 2016.
Manhattan prosecutors also issued a subpoena in February into Trump’s inaugural committee, which raised a record amount of cash.MEANWHILE, ON THE HILL: House Democrats are requesting a decade's worth of Trump’s financial records from audit firm Mazars USA, after Cohen accused Trump of inflating his worth to mislead lenders and insurers, David and Colby ItkowitzThe request from Oversight Committee Chairman Elijah E. Cummings , sent last week, comes after Cohen testified in February that Trump exaggerated his net worth in financial statements he sent to Deutsche Bank during his unsuccessful effort to buy the NFL’s Buffalo Bills in 2014.
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