{"id":719779,"date":"2023-10-24T21:54:50","date_gmt":"2023-10-24T19:54:50","guid":{"rendered":"https:\/\/pre.efe.com\/?p=719779"},"modified":"2023-10-24T23:17:03","modified_gmt":"2023-10-24T21:17:03","slug":"trumps-accused-by-former-personal-lawyer-of-manipulating-assets","status":"publish","type":"post","link":"https:\/\/pre.efe.com\/en\/latest-news\/2023-10-24\/trumps-accused-by-former-personal-lawyer-of-manipulating-assets\/","title":{"rendered":"Trump&#8217;s accused by former personal lawyer of manipulating assets"},"content":{"rendered":"\n<p>New York, Oct. 24 (EFE) &#8211; Michael Cohen, former personal lawyer of ex-President Donald Trump (2017-2021), testified on Tuesday against his former boss in the civil trial for fraud in the Trump Organization in New York, saying that Trump &#8220;arbitrarily&#8221; decided the value of the organization&#8217;s assets.<\/p>\n\n\n\n<p>Cohen, who was the businessman&#8217;s right-hand man and, after turning against him, served time for economic crimes, was called as a witness by New York prosecutors on Tuesday for one of the most anticipated sessions since the beginning of the trial.<\/p>\n\n\n\n<p>Trump, along with two of his sons and two Trump Organization executives, is accused of inflating the value of the company&#8217;s assets for years in order to obtain favorable terms with banks and insurers.<\/p>\n\n\n\n<p>The judge summarily found them responsible for the charge of ongoing fraud.<\/p>\n\n\n\n<p>According to accredited media in the room, Trump and Cohen did not exchange glances after attacking each other separately at the courthouse doors.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"686\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270-1024x686.jpeg\" alt=\"\" class=\"wp-image-719875\" style=\"aspect-ratio:1.491841491841492;width:584px;height:auto\" srcset=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270-1024x686.jpeg 1024w, https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270-300x201.jpeg 300w, https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270-768x515.jpeg 768w, https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270-1536x1030.jpeg 1536w, https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270-427x286.jpeg 427w, https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270-1200x804.jpeg 1200w, https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/10\/image-270.jpeg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Former US President Donald J. Trump speaks with the media after returning from lunch in his civil fraud trial in New York, New York, USA, 24 October 2023. TEFE\/EPA\/Peter Foley<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Trump called Cohen a &#8220;proven liar&#8221; and Cohen bragged about the circumstances of their &#8220;meeting.&#8221;<\/p>\n\n\n\n<p>&#8220;I was asked to increase the total assets based upon a number that he arbitrarily elected,&#8221; said the former lawyer, who also incriminated another defendant in the case: the company&#8217;s financial chief, Allen Weisselberg, who testified last week.<\/p>\n\n\n\n<p>&#8220;My responsibility, along with Allen Weisselberg, was mainly to reverse-engineer the various different asset classes, to increase those assets in order to achieve a number that Mr. Trump had tasked us,&#8221; he added.<\/p>\n\n\n\n<p>Cohen also gave an example of Trump&#8217;s alleged behavior: &#8220;he would look at the total assets and say, &#8216;I&#8217;m actually not worth $4.5 billion. I am really worth more like $6 billion.\u2019&#8221; after which He would ask Allen and I to go back to the office and return with the desired goal,&#8221; reported NBC channel.<\/p>\n\n\n\n<p>Trump remained silent, but used the loudspeaker of his social networks and his campaign to send messages against his former lawyer, trying to undermine his credibility.<\/p>\n\n\n\n<p>Trump&#8217;s inflammatory messages on the Internet have already cost him a $5,000 fine and the threat of jail time in this trial, after the judge admonished him with a &#8220;gag order&#8221; for publishing a personal attack against his secretary.<\/p>\n\n\n\n<p>In the trial, which is expected to last until December, several charges will be settled, such as falsification of documents; a compensation that the prosecution estimates at 250 million dollars and the veto of his business in New York, the judge has already ordered the suspension of their business licenses. EFE<\/p>\n\n\n\n<p> nqs\/mcd<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York, Oct. 24 (EFE) &#8211; Michael Cohen, former personal lawyer of ex-President Donald Trump (2017-2021), testified on Tuesday against his former boss in the civil trial for fraud in the Trump Organization in New York, saying that Trump &#8220;arbitrarily&#8221; decided the value of the organization&#8217;s assets. Cohen, who was the businessman&#8217;s right-hand man and, &#8230; <a title=\"Trump&#8217;s accused by former personal lawyer of manipulating assets\" class=\"read-more\" href=\"https:\/\/pre.efe.com\/en\/latest-news\/2023-10-24\/trumps-accused-by-former-personal-lawyer-of-manipulating-assets\/\" aria-label=\"Read more about Trump&#8217;s accused by former personal lawyer of manipulating assets\">Read more<\/a><\/p>\n","protected":false},"author":198164071,"featured_media":719780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[122140],"tags":[127579,122512],"class_list":["post-719779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-trump","tag-united-states","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v27.6) - 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