Current:Home > ContactDonald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify -WealthConverge Strategies
Donald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify
Fastexy Exchange View
Date:2025-04-11 05:00:49
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! (4)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Taiwan launches the island’s first domestically made submarine for testing
- Famous 'Sycamore Gap tree' found cut down overnight; teen arrested
- Remains found in 1996 identified after New Hampshire officials use modern DNA testing tech
- Trump's 'stop
- When will Drew Barrymore, Jennifer Hudson, more daytime stars return after writers' strike?
- At US Antarctic base hit by harassment claims, workers are banned from buying alcohol at bars
- Ghost guns found at licensed day care: Police
- 'We're reborn!' Gazans express joy at returning home to north
- New Thai prime minister pays friendly visit to neighboring Cambodia’s own new leader
Ranking
- Tom Holland's New Venture Revealed
- Harry Potter's Bonnie Wright Gives Birth, Welcomes First Baby With Husband Andrew Lococo
- Travis King, the U.S. soldier who crossed South Korea's border into North Korea, is back in U.S.
- Lebanese singer and actress Najah Sallam dies at age 92
- Highlights from Trump’s interview with Time magazine
- Lebanese police say US Embassy shooter was motivated by personal grudge against security guards
- Powerball jackpot nears $1 billion after no winners: When is the next drawing?
- In need of an iPhone 15 charging cable? Here's how to find the best USB-C charger cord
Recommendation
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
A Florida man and dog were attacked by a rabid otter. Here's what to know about the symptoms and treatment.
'Candelaria': Melissa Lozada-Oliva tackles cannibalism and yoga wellness cults in new novel
Christie calls Trump ‘Donald Duck,’ DeSantis knocks former president and other debate takeaways
North Carolina justices rule for restaurants in COVID
Emirati and Egyptian central banks agree to a currency swap deal as Egypt’s economy struggles
Proof Patrick Mahomes Was Enchanted to Meet Taylor Swift After Game With Travis Kelce
'Candelaria': Melissa Lozada-Oliva tackles cannibalism and yoga wellness cults in new novel