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The Manhattan Supreme Court showdown marked the first time Cohen, who worked for Trump from 2007 to 2018, was in the same room as the New York City real-estate mogul since being sentenced to“Heck of a reunion,” Cohen quipped to a mass of news photographers on his way out of court for the lunch break.
“At best, it could be characterized as a tax omission,” Cohen testified. “I have never in my life not paid taxes.” left even his own lawyers scratching their heads — asking the judge on Wednesday to clarify his decision canceling the former president’s New York business licenses.In his ruling, the judge wrote the receiver must be appointed “to manage the dissolution of the cancelled” business certificates for Limited Liability Corporations, or LLCs, under the Trump Organization umbrella.
Hockett said a common but “unsavory business practice” is for a company to pretend they have more money then they really do in order to help them get an LLC certificate.“What the judge found yesterday is that Trump is effectively doing this,” Hockett told The Post. “He’s been pretending many of these businesses of his are well capitalized and capable of paying their creditors — in effect doing good work that benefits the public and warrants the certifications of limited liability.
Cohen testified that he would reach the inflated figures by valuing Trump’s properties like they were other more valuable assets that had such perks as unobstructed views or higher ceiling heights.
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