Current:Home > StocksMichael Cohen’s testimony will resume in the Donald Trump business fraud lawsuit in New York -Excel Wealth Summit
Michael Cohen’s testimony will resume in the Donald Trump business fraud lawsuit in New York
View
Date:2025-04-12 18:24:49
NEW YORK (AP) — Michael Cohen will be back on the witness stand Wednesday, testifying against his ex-boss Donald Trump in a civil trial over allegations that the former president chronically exaggerated the value of his real estate holdings on financial documents.
During his first day of testimony Tuesday, Cohen said he and key executives at Trump’s company worked to inflate the estimated values of his holdings so that documents given to banks and others would match a net worth that Trump had set “arbitrarily.”
Trump watched as his lawyer Alina Habba then cross-examined Cohen, working to portray him as a convicted liar.
Cohen worked as Trump’s lawyer and fixer for many years, but in 2018 he was prosecuted for tax evasion, making false statements to a bank and to Congress and making illegal contributions to Trump’s campaign in the form of payouts to women who said they had extramarital sexual encounters with the Republican. Trump said the women’s stories were false. Cohen has said he orchestrated payments to the women at Trump’s direction.
Since his legal problems started in 2018, Cohen has been a Trump foe. The two men hadn’t been in a room together in five years until Tuesday’s court session.
Cohen called it a “heck of a reunion.”
Outside the courtroom after Tuesday’s court session, Trump dismissed Cohen as a “disgraced felon.”
Cohen is also expected to be an important prosecution witness in a criminal trial scheduled for next spring in which Trump is accused of falsifying business records. That case is one of four criminal prosecutions Trump faces in New York, Florida, Georgia and Washington, D.C.
veryGood! (656)
Related
- Travis Hunter, the 2
- How AI can fuel financial scams online, according to industry experts
- Ex-NFL player Sergio Brown arrested in Southern California in connection to mother’s slaying
- George Santos denies new federal charges, including credit card fraud, aggravated identity theft
- Small twin
- Will Smith and Jada Pinkett Smith have been separated since 2016, she says
- Prosecutors say a reckless driving suspect bit an NYPD officer’s finger tip off
- Lidia dissipates after killing 1, injuring 2 near Mexico resort, Atlantic sees Tropical Storm Sean
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Voting begins in Ohio in the only election this fall to decide abortion rights
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Malaysia’s wildlife department defends its use of puppies as live bait to trap black panthers
- Astros on the brink of seventh straight ALCS with Game 3 win vs. Twins
- Biden administration proposes rule to ban junk fees: Americans are fed up
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- California law banning large-capacity gun magazines likely to survive lawsuit, court says
- St. Louis launches program to pay $500 a month to lower-income residents
- Republicans appear no closer to choosing a new leader after candidate forum
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Bipartisan resolution to support Israel has over 400 co-sponsors: Texas congressman
Ex-NFL player Sergio Brown arrested in Southern California in connection to mother’s slaying
Mauricio Umansky Reacts to Romance Rumors After Dinner Date With Leslie Bega
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
How Jada Pinkett Smith and Will Smith Responded to Breakup Rumors Years Before Separation
Biden administration proposes rule to ban junk fees: Americans are fed up
AP PHOTOS: Rockets sail and tanks roll in Israeli-Palestinian war’s 5th day