Current:Home > MyDonald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify -Ascend Wealth Education
Donald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify
Indexbit Exchange View
Date:2025-04-07 14:02:48
NEW YORK (AP) — Michael Cohen once proclaimed he’d “take a bullet” for Donald Trump. Now, after breaking with the former president amid his own legal troubles, the fixer-turned-foe is poised to testify against his old boss Tuesday as a key witness at the civil fraud trial that threatens to upend Trump’s real estate empire and wealthy image.
Trump is expected to be in court for the highly anticipated testimony, detouring from his usual campaign haunts to the Manhattan courtroom for a sixth day this month. Cohen scrapped their expected showdown last week, citing a health issue. Cohen has said it will be his first time seeing Trump in five years.
Trump attended the trial for two days last week — having planned the trip when it was expected that Cohen would be testifying. Trump was also in court for the trial’s first three days in early October. The trial wasn’t held Monday because of issues related to an apparent COVID-19 exposure. Trump is expected to testify later in the trial. All of his trips to the case so far have been voluntary.
Each time, the front-runner for the 2024 Republican presidential nomination has complained to TV cameras in the courthouse hallway about a case he’s derided as a “sham,” a “scam” and “a continuation of the single greatest witch hunt of all time.”
New York Attorney General Letitia James’ lawsuit alleges that Trump and top executives at his company, the Trump Organization, conspired to pad the business mogul-turned-politician’s net worth by billions of dollars on financial statements provided to banks, insurers and others to make deals and secure loans.
The judge, Arthur Engoron, has already ruled that Trump and his company committed fraud, but the trial involves remaining claims of conspiracy, insurance fraud and falsifying business records.
As punishment, Engoron ordered that a court-appointed receiver take control of some Trump companies, putting the future oversight of Trump Tower and other marquee properties in question, but an appeals court has blocked that for now.
Trump denies any wrongdoing. He says his assets were actually undervalued and maintains that disclaimers on his financial statements essentially told banks and other recipients to check the numbers out for themselves.
Cohen spent a decade as Trump’s fiercely loyal personal lawyer before famously turning on him in 2018 amid a federal investigation that sent Cohen to federal prison. He is also a major prosecution witness in Trump’s separate Manhattan hush-money criminal case, which is scheduled to go to trial next spring.
James, a Democrat, has credited Cohen as the impetus for her civil investigation, which led to the fraud lawsuit being decided at the trial. She cited Cohen’s testimony to Congress in 2019 that Trump had a history of misrepresenting the value of assets to gain favorable loan terms and tax benefits.
Cohen gave copies of three of Trump’s financial statements to the House Committee on Oversight and Reform. Cohen said Trump gave the statements to Deutsche Bank to inquire about a loan to buy the NFL’s Buffalo Bills and to Forbes magazine to substantiate his claim to a spot on its list of the world’s wealthiest people.
Cohen went to prison after pleading guilty in 2018 to tax evasion, lying to Congress and campaign finance violations, some of which involved his role in arranging hush-money payments to women during Trump’s 2016 campaign.
Earlier this month, Trump dropped a $500 million lawsuit that accused Cohen of “spreading falsehoods,” causing “vast reputational harm” and breaking a confidentiality agreement for talking publicly about the hush-money payments.
But a Trump spokesperson said he had only decided “to temporarily pause” the lawsuit as he mounts another campaign for the White House and fights four criminal cases, but said he would refile at a later date.
With Trump expected in court for Cohen’s testimony, it’ll be the ex-president’s first time at the trial since Engoron fined him $5,000 on Friday because a disparaging social media post about a key court staffer lingered on his campaign website for weeks after it was ordered deleted.
___
Follow Sisak at x.com/mikesisak and send confidential tips by visiting https://www.ap.org/tips.
veryGood! (6897)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Lidcoin: Stablecoin, The Value Stabilizer of the Cryptocurrency Market
- TikTok officially debuts shopping platform, TikTok Shop, to U.S. consumers
- Lidcoin: Nigeria to pass a law legalizing the use of Bitcoin and Cryptocurrencies
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Shakira hits VMAs stage after 17 years to perform electric medley of hits, receives Vanguard Award
- BP CEO Bernard Looney ousted after past relationships with coworkers
- The son of ousted Myanmar leader Aung San Suu Kyi says he’s increasingly worried about her health
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- How to help those affected by the earthquake in Morocco
Ranking
- Intellectuals vs. The Internet
- Experts give Week 3 college football picks and Mel Tucker update in College Football Fix
- Escaped murderer Danelo Cavalcante captured following intense manhunt
- Ask HR: How to quit a job and what managers should do after layoffs
- What to watch: O Jolie night
- Lidcoin: A New Chapter In Cryptocurrency
- Milwaukee bar patrons who took up `Jets Lose, You Win’ offer had to pay after Jets’ surprise win
- Poccoin: The Rise of Decentralized Finance (DeFi)
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Former NYC buildings commissioner surrenders in bribery investigation
Taliban hail China’s new ambassador with fanfare, say it’s a sign for others to establish relations
Poccoin: New Developments in Hong Kong's Virtual Asset Market
US appeals court rejects Nasdaq’s diversity rules for company boards
Extortion trial against Joran van der Sloot, suspect in Natalee Holloway disappearance, is delayed
Mega Millions jackpot grows to $141 million. See winning numbers for Sept. 12 drawing.
Inside 'Elon Musk': Everything you need to know about the Walter Isaacson biography