In Other News
Michael Cohen, former President Trump’s one-time attorney, expressed on Sunday that Trump’s greatest apprehension is the potential loss of his wealth and the subsequent risk of not being perceived as a “mega-billionaire.” This comes as Trump prepares to face his business fraud trial in New York.
During an interview on MSNBC’s “Inside with Jen Psaki,” when questioned about the implications for Trump if he were to lose control over several of his real estate assets, Cohen described such a scenario as a “financial catastrophe.” He emphasized that during his time at the Trump Organization, it was evident that Trump’s paramount fear was financial loss and the subsequent damage to his self-portrayed image as a mega-billionaire. “This has always been his biggest fear,” Cohen remarked.
Cohen, who once served as Trump’s trusted lawyer, has since become a vocal critic. His 2019 testimony to Congress played a pivotal role in instigating the New York fraud case against Trump.
Cohen also confirmed his intention to be present at the trial. He expressed eagerness to witness Trump in court, hoping that Trump would recognize the consequences of his actions. Cohen stated, “This is the first time in his entire life that he is going to be held accountable.”
Meanwhile, Trump announced his voluntary decision to appear in court for the civil case initiated by New York Attorney General Letitia James (D). The case alleges fraudulent activities in Trump’s business operations, accusing his company of manipulating asset valuations for tax and insurance advantages.
Last week, New York Supreme Court Justice Arthur Engoron ruled against Trump, holding him accountable for fraud. This verdict led to the revocation of certain licenses from Trump’s business and hinted at the possibility of Trump losing control over some of his iconic properties. Engoron highlighted unresolved issues regarding potential intentional violations by Trump.