Current:Home > ScamsDonald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify -Horizon Finance School
Donald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify
View
Date:2025-04-16 23:24:21
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! (436)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints
- Aaron Taylor
- This drug is the 'breakthrough of the year' — and it could mean the end of the HIV epidemic
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- This drug is the 'breakthrough of the year' — and it could mean the end of the HIV epidemic
- Arctic Tundra Shifts to Source of Climate Pollution, According to New Report Card
- Trump wants to turn the clock on daylight saving time
- Chiquis comes from Latin pop royalty. How the regional Mexican star found her own crown
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- This drug is the 'breakthrough of the year' — and it could mean the end of the HIV epidemic
- Dick Van Dyke credits neighbors with saving his life and home during Malibu fire
- Trump says Kari Lake will lead Voice of America. He attacked it during his first term
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- What is Sora? Account creation paused after high demand of AI video generator
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
A fugitive gains fame in New Orleans eluding dart guns and nets
'Unimaginable situation': South Korea endures fallout from martial law effort
Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Stock market today: Asian stocks are mixed ahead of key US inflation data
Social media platform Bluesky nearing 25 million users in continued post
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game