Montgomery, Alabama
Michael Cohen arrives for former President Donald Trump’s civil business fraud trial at New York Supreme Court, Tuesday, Oct. 24, 2023, in New York. In a courtroom showdown five years in the making, Donald Trump’s fixer-turned-foe Michael Cohen testified Tuesday that he worked to boost the supposed value of the former president’s assets to “whatever number Trump told us to.”
“I was tasked by Mr. Trump to increase the total assets, based upon a number that he arbitrarily elected,” Cohen testified, saying that he and former Trump finance chief Allen Weisselberg labored “to reverse-engineer the various different asset classes, increase those assets, in order to achieve a number that Mr. Trump had tasked us.”Trump denies James’ allegations. Outside court, Trump dismissed Cohen’s account as the words of “a proven liar.
Cohen testified that Trump would summon him and Weisselberg and say, for example: “I’m actually not worth four and a half billion dollars. I’m really worth more like six.” Trump lawyer Alina Habba hammered at Cohen’s 2018 federal guilty pleas and his effort now to distance himself from some of them. Although he pleaded guilty to tax evasion and to making false statements to a bank on a loan application, he said Tuesday he’d lied when he made those admissions. He suggested he’d only engaged in “tax omission” and failed to correct inaccuracies on the loan paperwork.
He has derided the case as a “sham,” a “scam” and part of an effort by James and other Democrats to drag down his campaign.
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