Michael Cohen says he was told to boost Trump's asset values ‘arbitrarily’
1 year, 2 months ago

Michael Cohen says he was told to boost Trump's asset values ‘arbitrarily’

Hindustan Times  

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." Now, Cohen is a key figure in New York Attorney General Letitia James’ lawsuit alleging that Trump and his company duped banks, insurers and others by giving them financial statements that inflated his wealth. “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 Organization 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.” Asked what that number was, Cohen replied: “Whatever number Trump told us to.” Trump denies James' allegations, and he dismissed Cohen's account outside court as the words of “a proven liar” who served prison time after pleading guilty to tax evasion, lying to Congress and campaign finance violations. 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.

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