Trump's Downfall: Michael Cohen Testifies in NY Fraud Trial

1 min read
Source: CNBC
Trump's Downfall: Michael Cohen Testifies in NY Fraud Trial
Photo: CNBC
TL;DR Summary

Michael Cohen, former personal lawyer and fixer for Donald Trump, has begun testifying in the $250 million fraud trial of the former president and his company. Cohen testified that he and another Trump Organization executive had worked to "reverse engineer" higher values for assets listed in key financial documents in order to reach a number that Trump selected "arbitrarily." The trial, brought by New York Attorney General Letitia James, accuses Trump and his co-defendants of fraudulently inflating the values of real estate properties and other assets over a decade. Cohen's testimony is expected to shed light on Trump's business practices and could have significant implications for the outcome of the trial.

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