Current:Home > NewsDonald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify -FutureFinance
Donald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify
View
Date:2025-04-16 13:05:54
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! (9647)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Horoscopes Today, December 28, 2023
- Apple Watch ban is put on hold by appeals court
- Jacksonville mayor removes Confederate monument while GOP official decries 'cancel culture'
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- School bus camera captures reckless truck driver in Minnesota nearly hit children
- What are the Dry January rules? What to know if you're swearing off alcohol in 2024.
- Cher files for conservatorship of her son, claims Elijah Blue Allman's life is 'at risk'
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- The Air Force said its nuclear missile capsules were safe. But toxins lurked, documents show
Ranking
- Meta releases AI model to enhance Metaverse experience
- What wellness trends will be big in 2024? The Ozempic ripple effect and more expert predictions
- Rogue wave in Ventura, California injures 8, people run to get out of its path: Video
- Texans quarterback CJ Stroud says he'll start vs. Titans after recovering from concussion
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Cher files for conservatorship of her son, claims Elijah Blue Allman's life is 'at risk'
- Storm Gerrit damages houses and leaves thousands without power as it batters the northern UK
- 'I wished it had been me': Husband weeps after wife falls 70 feet off New York cliff
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
See Orphan Natalia Grace Confront Adoptive Dad Michael Barnett Over Murder Allegations for First Time
New Year's Eve partiers paying up to $12,500 to ring in 2024 at Times Square locations of chain restaurants
Ex-gang leader’s own words are strong evidence to deny bail in Tupac Shakur killing, prosecutors say
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Kansas State celebrates Pop-Tarts Bowl win by eating Pop-Tarts mascot
Matthew McConaughey Shares Rare Photo of Son Livingston in 11th Birthday Tribute
Why corporate bankruptcies were up in 2023 despite the improving economy