Current:Home > ScamsDonald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify -WealthRise Academy
Donald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify
Johnathan Walker View
Date:2025-04-11 06:28:49
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! (82199)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Some Mississippi legislative districts dilute Black voting power and must be redrawn, judges say
- Car dealerships still struggling from impact of CDK cyberattack 2 weeks after hack
- RV explosion rocks Massachusetts neighborhood, leaving 3 with serious burn injuries
- Former longtime South Carolina congressman John Spratt dies at 82
- Massive makos, Queen Bosses and a baby angel shark on Discovery ‘Shark Week,’ where women shine
- Why Taylor Swift Isn’t Throwing Her Iconic Fourth of July Party in Rhode Island This Year
- Mom says life of paralyzed Fourth of July parade shooting victim is ‘shattered’ 2 years later
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Caitlin Clark, Angel Reese strengthen players' union seeking larger piece of financial pie
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Where Kyle Richards and Mauricio Umansky Stand One Year After Their Breakup
- 'Beverly Hills Cop: Axel F' review: Eddie Murphy brings Big Dad Energy
- RV explosion rocks Massachusetts neighborhood, leaving 3 with serious burn injuries
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- 'It's real': Illinois grandma wins $1M from scratch-off ticket
- Lebanese authorities charge US Embassy shooter with affiliation to militant Islamic State group
- New York Giants on 'Hard Knocks': Team doubles down on Daniel Jones over Saquon Barkley
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
NHL free agency winners, losers: Predators beef up, contenders lose players
Judge dismisses federal lawsuit over West Virginia prison and jail conditions
McDonald's adds Special Grade Garlic Sauce inspired by Japan's Black Garlic flavor
All That You Wanted to Know About She’s All That
Arkansas ends fiscal year with $698 million surplus, finance office says
Discipline used in Kansas’ largest school district was discriminatory, the Justice Department says
Yes, petroleum jelly has many proven benefits. Here's what it's for.