Donald Trump's ex-lawyer predicted the former president may face a $600 million penalty as part of Letitia James' fraud lawsuit.
Cohen said that there are a"multitude of reasons" to suggest Trump will not be able to pay off a fine larger than the $250 million cited by James, even if he manages to sell his 40 Wall Street building in Manhattan, New York, for $400 million.
"He doesn't escape that. Everybody has to pay that. So, let's say it's 50 percent. So that would be 200 million, minus the 100 that he owes to the banks on it. So there's 100 million left in order to be used to offset whatever the judgment will be."in New York following Engoron's ruling, to which he replied"no."
In a statement after the ruling, Trump called the judge"deranged" and accused him of"doing the bidding" of the"completely biased and corrupt" New York Attorney General.
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