{"id":2078261,"date":"2023-10-24T18:46:01","date_gmt":"2023-10-24T22:46:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-stares-down-ex-attorney-cohen-as-he-testifies-in-new-york-civil-fraud-trial\/"},"modified":"2023-10-24T18:49:19","modified_gmt":"2023-10-24T22:49:19","slug":"trump-stares-down-ex-attorney-cohen-as-he-testifies-in-new-york-civil-fraud-trial","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-stares-down-ex-attorney-cohen-as-he-testifies-in-new-york-civil-fraud-trial\/","title":{"rendered":"Trump glares at former attorney Cohen during New York fraud trial."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-stares-down-ex-attorney-cohen-as-he-testifies-in-new-york-civil-fraud-trial%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2078261&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Michael Cohen Testifies in Civil Fraud Case Against Trump \u2064Organization<\/h2>\n<h3>Former Trump Attorney Reveals Inflated Asset Values and Allegations of Deception<\/h3>\n<p>Donald \u200cTrump&#8217;s ex-attorney, Michael Cohen, made a dramatic entrance into the civil fraud case against the\u2063 former president&#8217;s business empire. Testifying on Tuesday, Cohen\u2063 claimed that he had inflated the value of Trump&#8217;s real estate \u2063assets to secure better insurance premiums.<\/p>\n<blockquote>\n<p>&#8220;He\u200b would say, &#8216;I&#8217;m actually \u200cnot worth $4.5 billion; I&#8217;m really worth\u200b more like 6\u2063 [billion],&#8221; Cohen said, alleging that Trump tasked him with increasing \u2062the value \u2063of the company&#8217;s assets &#8220;based upon a number\u2064 that he arbitrarily elected.&#8221;<\/p>\n<\/blockquote>\n<p>Cohen, who was once an ally of Trump but <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-stares-down-ex-attorney-cohen-as-he-testifies-in-new-york-civil-fraud-trial\/\" title=\"Trump glares at former attorney Cohen during New York fraud trial.\">severed ties years ago<\/a>, is a key witness in the case brought by Democratic New\u200d York Attorney General Letitia James.<\/p>\n<h3>Trump&#8217;s Legal Strategy: Discredit \u200dCohen<\/h3>\n<p>Trump&#8217;s\u200b legal strategy has been to amplify Cohen&#8217;s testimony in an attempt to discredit him. The former president has repeatedly labeled Cohen a &#8220;proven liar.&#8221;<\/p>\n<p>Cohen began\u2063 his testimony by addressing the \u2062crimes he pleaded\u2064 guilty to in 2018, including tax crimes, campaign violations, and lying to\u200d Congress. He \u200dpreviously testified\u2064 before Congress in 2019 about \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/are-the-charges-brought-against-the-trump-organizations-cfo-part-of-a-witch-hunt-experts-weigh-in\/\" title=\"Are The Charges Brought Against The Trump Organization\u2019s CFO Part Of A Witch Hunt? Experts Weigh In\">alleged hush-money payments<\/a> to former Playboy model Karen McDougal and porn star Stormy Daniels, who\u200b claimed to have\u200b had affairs with Trump. Trump denies these allegations.<\/p>\n<blockquote>\n<p>&#8220;I acknowledge my complicity&#8221; in the Daniels matter, Cohen admitted, but he swore that \u200che never\u2063 personally paid McDougal. He explained that the payments to her \u200cwere made through AMI, the former owner \u200cof the National Enquirer.<\/p>\n<\/blockquote>\n<p>During Cohen&#8217;s testimony, Trump remained silent and stared directly at \u2063him. At times, he leaned back in his chair and whispered to his lawyers.<\/p>\n<h3>Challenging Cohen&#8217;s Credibility<\/h3>\n<p>Colleen Faherty of\u2062 the New York attorney general&#8217;s\u200d office questioned Cohen in an attempt to preempt attacks on his credibility by Trump&#8217;s lawyers.<\/p>\n<p>Trump has vehemently denied any wrongdoing \u200cand defended the valuations of his properties. He has characterized the case as a\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mcconnell-and-his-gop-senate-drones-are-silent-on-trump-indictment-again\/\" title=\"McConnell and GOP Senate remain silent on Trump indictment, once more.\">political witch\u200b hunt<\/a>, similar to the charges he faces in four criminal cases scheduled for trial in 2024 as he \u200bseeks\u2063 to become the Republican nominee for\u2062 the next presidential\u2063 election.<\/p>\n<h3>The Allegations Against Trump and Co-Defendants<\/h3>\n<p>In the $250 million civil \u200blawsuit, Attorney General Letitia James alleges that \u200bTrump and \u2064his \u2062sons Eric and Don Jr., along with other co-defendants, inflated assets on financial statements to obtain more favorable terms on\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/big-u-s-banks-see-loan-growth-slowing-as-outlook-for-demand-economy-darkens\/\" title=\"Big U.S. banks see loan growth slowing as outlook for demand, economy darkens\">real estate loans<\/a> and insurance policies.<\/p>\n<p>Last week, Trump\u200d was fined $5,000\u200d by Judge Arthur Engoron and warned about potential imprisonment for violating a gag order regarding court staff members.<\/p>\n<h3>Cross-Examination and Cohen&#8217;s Loss of Law License<\/h3>\n<p>Trump&#8217;s attorney, Alina Habba, briefly cross-examined Cohen, questioning his credibility and pointing out that he no longer has a\u200b law license. Cohen objected to Habba&#8217;s\u2064 line of questioning.<\/p>\n<p>The \u2064trial is set to resume on Wednesday, with Habba&#8217;s cross-examination expected to continue.<\/p>\n<p>The judge reminded Cohen to refrain from discussing the \u2064trial or his testimony with anyone and reiterated his warning before adjourning for the day.<\/p>\n<p> <\/p>\n<h2> What broader implications does Cohen&#8217;s\u2062 testimony have \u200din terms of\u2063 corporate fraud,\u2064 ethical standards in business, and the importance of\u200d transparency and accountability<\/h2>\n<p><span> <\/p>\n<p>In his opening statement, Cohen expressed regret for his past actions and acknowledged his own credibility issues. He\u2062 stated, &#8220;I am here today to tell the truth about Mr. Trump because\u2064 he needs \u200dto be held accountable for his actions, and\u200c I believe the American \u2064people deserve \u2063the truth.&#8221;<\/p>\n<p>The \u200bcivil\u2063 fraud case against the \u2064Trump Organization centers around allegations that the company inflated \u2063the value of its assets to obtain favorable financial terms and \u2063insurance premiums. Cohen\u2064 asserts that\u2063 he and Trump worked together to falsely portray the company&#8217;s financial\u2062 health in order to secure loans and other financial benefits.<\/p>\n<p>&#8220;I was directed by Mr. Trump to manipulate financial statements, inflate\u200c the value \u200cof \u2062certain assets, and suppress the value of others,&#8221; Cohen told the court. &#8220;This was done to deceive banks, insurance companies, and\u2062 even potential business partners.&#8221;<\/p>\n<p>Cohen also revealed that he kept\u2062 a \u2064set of &#8220;two sets of books&#8221; to track\u200c the company&#8217;s financial transactions. He alleges that one set\u200d of \u200bbooks \u200baccurately reflected\u2063 the true financial status\u2063 of the\u2062 Trump Organization, while the other set was\u2062 manipulated to \u200dpresent a\u200b more enticing and profitable \u2064picture.<\/p>\n<p>The allegations raised\u200b by Cohen are significant\u200c because if proven true, \u2062they could amount to civil fraud and potentially result in severe legal consequences for Trump and\u2063 his business empire. \u200dHowever, Trump&#8217;s legal team has vehemently denied these allegations, labeling them as baseless \u2064and politically motivated.<\/p>\n<h3>Legal Implications and Political Fallout<\/h3>\n<p>The outcome of this civil fraud case could have far-reaching implications for Trump and his political\u2062 future. While \u200ba civil ruling against \u2063Trump may not carry the same weight as \u200da criminal \u200bconviction, it could damage his reputation and credibility.<\/p>\n<p>Furthermore, Cohen&#8217;s testimony may impact ongoing investigations into Trump&#8217;s financial dealings and potential criminal charges. The testimony provides additional fodder\u200d for prosecutors to delve into Trump&#8217;s \u200cbusiness practices and potentially uncover any illegal activities.<\/p>\n<p>Politically, the \u2064timing of this case \u200bis critical as Trump is considering\u200d a potential run for the presidency\u2063 in 2024. The allegations of fraud and deception could severely \u2064undermine his campaign and deter potential supporters and donors\u200d from rallying behind \u2064him.<\/p>\n<p>The impact of Cohen&#8217;s testimony will likely reverberate beyond the courtroom. It raises questions about the ethics and integrity of the Trump Organization and its former leader. Furthermore, it highlights \u200bthe broader issue of corporate fraud and the importance of transparency and \u200baccountability \u2062in the business\u200d world.<\/p>\n<h3>The Road Ahead<\/h3>\n<p>The civil fraud case against the Trump \u200cOrganization is still \u2062in its early stages, and the truth of \u200bthe allegations made by Cohen\u200b remains to be determined. The\u200b court will carefully evaluate the \u2063evidence and testimonies presented by both sides before reaching a verdict.<\/p>\n<p>Regardless of the outcome, this case serves as a reminder \u200dof the importance of upholding ethical standards \u200bin business and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-cancels-fines-for-illegal-aliens-who-fail-to-leave-u-s-doesnt-serve-our-best-interest\/\" title=\"Biden Admin Cancels Fines For Illegal Aliens Who Fail To Leave U.S.: Doesn\u2019t Serve Our \u2018Best Interest\u2019\">holding individuals accountable<\/a> for their actions. It\u200c also underscores the need for transparency and truthfulness\u200d in financial reporting, as any attempts to manipulate or deceive \u2062can have severe legal and reputational consequences.<\/p>\n<p>As the trial\u2062 moves \u2063forward, the eyes of the nation will remain\u200d fixed on the courtroom. The outcome of this case has the potential to shape the future of Trump&#8217;s business empire and his political ambitions, ultimately determining\u2064 whether justice is served and the truth prevails.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump&#8217;s ex-attorney, Michael Cohen, testified in a civil fraud case against the former president&#8217;s business empire. He claimed that he had inflated the value of Trump&#8217;s real estate assets to obtain more favorable insurance premiums. Cohen, once an ally of Trump, severed ties with him years ago.<\/p>\n","protected":false},"author":1,"featured_media":2078262,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2078261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2078261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2078261"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2078261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2078262"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2078261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2078261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2078261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}