Current:Home > MarketsDonald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify -CryptoBase
Donald Trump expected back at civil fraud trial with fixer-turned-foe Michael Cohen set to testify
View
Date:2025-04-18 18:40:13
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! (1811)
Related
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Misery in Houston with power out and heat rising; Kansas faces wind risk
- U.S. and Saudi Arabia near potentially historic security deal
- Bodies of three hostages, including Shani Louk, recovered by Israeli forces in Gaza, officials say
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- CNN political commentator Alice Stewart dies at 58
- D. Wayne Lukas isn't going anywhere. At 88, trainer just won his 15th Triple Crown race.
- Kyle Larson qualifies 5th for 2024 Indy 500, flies to NASCAR All-Star Race, finishes 4th
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Seeking the Northern Lights was a family affair for this AP photographer
Ranking
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- Caitlin Clark back in action: How to watch Indiana Fever vs. Connecticut Sun on Monday
- Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease
- Dow closes above 40,000 for first time, notching new milestone
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Scottie Scheffler planning to play next week after 'hectic' week at 2024 PGA Championship
- Indiana Pacers dominate New York Knicks in Game 7 to advance to Eastern conference final
- Travis Kelce Shares Favorite Parts of Italy Trip With Taylor Swift
Recommendation
Sam Taylor
3 killed in western New York after vehicle hit by Amtrak train
2024 PGA Championship Round 3: Morikawa, Schauffele lead crowded leaderboard for final day
Scottie Scheffler planning to play next week after 'hectic' week at 2024 PGA Championship
Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
Preakness 2024 recap: Seize the Grey wins, denies Mystik Dan shot at Triple Crown
WNBA investigating Las Vegas Aces after every player received $100,000 in sponsorship
The Best Beach Towels on Amazon That’re Quick-Drying and Perfect To Soak up Some Vitamin Sea On