"Michael Cohen's Testimony Continues in Trump's Fraud Trial"

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Source: CBS News
"Michael Cohen's Testimony Continues in Trump's Fraud Trial"
Photo: CBS News
TL;DR Summary

Michael Cohen, Donald Trump's former lawyer, continues his testimony in Trump's New York civil fraud trial, alleging that Trump personally authorized fraudulent inflations of his net worth and property values. Cohen claims that he and the company's former chief financial officer manipulated Trump's financial statements to meet valuations that Trump arbitrarily selected. The trial involves accusations of fraudulently inflating asset values, falsification of records, conspiracy, and insurance fraud. New York Attorney General Letitia James is seeking $250 million for the state and sanctions against Trump's business activities in New York. Cohen's testimony has also attracted interest from the Manhattan District Attorney's office, which brought a separate criminal case against Trump earlier this year.

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