Michael Cohen’s testimony will resume in the Donald Trump business fraud lawsuit in New York

2024-12-26 11:38:39 source:lotradecoin verification category:Markets

NEW YORK (AP) — Michael Cohen will be back on the witness stand Wednesday, testifying against his ex-boss Donald Trump in a civil trial over allegations that the former president chronically exaggerated the value of his real estate holdings on financial documents.

During his first day of testimony Tuesday, Cohen said he and key executives at Trump’s company worked to inflate the estimated values of his holdings so that documents given to banks and others would match a net worth that Trump had set “arbitrarily.”

Trump watched as his lawyer Alina Habba then cross-examined Cohen, working to portray him as a convicted liar.

Cohen worked as Trump’s lawyer and fixer for many years, but in 2018 he was prosecuted for tax evasion, making false statements to a bank and to Congress and making illegal contributions to Trump’s campaign in the form of payouts to women who said they had extramarital sexual encounters with the Republican. Trump said the women’s stories were false. Cohen has said he orchestrated payments to the women at Trump’s direction.

Since his legal problems started in 2018, Cohen has been a Trump foe. The two men hadn’t been in a room together in five years until Tuesday’s court session.

Cohen called it a “heck of a reunion.”

Outside the courtroom after Tuesday’s court session, Trump dismissed Cohen as a “disgraced felon.”

Cohen is also expected to be an important prosecution witness in a criminal trial scheduled for next spring in which Trump is accused of falsifying business records. That case is one of four criminal prosecutions Trump faces in New York, Florida, Georgia and Washington, D.C.

More:Markets

Recommend

Michael Bublé Details Heartwarming Moment With Taylor Swift’s Parents at Eras Tour

Michael Bublécan’t shake off the memories he made at the Eras Tour.The Voicecoach attended the final

Indianapolis official La Keisha Jackson to fill role of late state Sen. Jean Breaux

INDIANAPOLIS (AP) — Indiana Democrats have chosen an Indianapolis official to fill the legislative o

Meta's newest AI-powered chatbots show off impressive features and bizarre behavior

Facebook parent Meta Platforms unveiled a new set of artificial intelligence systems Thursday that a