Trump's former fixer and lawyer Michael Cohen accuses Trump of being a 'cheat' -- inflating and deflating his net worth to suit his needs.
Trump's former fixer and lawyer Michael Cohen accuses Trump of being a"cheat" -- inflating and deflating his net worth to suit his needs."It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes," Cohen says in the prepared testimony.
The 17 most consequential lines from Michael Cohen's testimonyIn a 2017 financial disclosure, Trump said the club was worth far more than the $15 million claimed by Ossining. In his prepared testimony, Cohen also said Trump once bragged of a $10 million tax refund in the depths of the financial crisis just as he was slashing salaries for his employees, including Cohen.
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