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Donald Trump‘s business fraud civil trial in New York might be the hardest legal case the former president has gone through. That’s what his former lawyer, Michael Cohen, is telling the world — and he should know since he’s seen Donald Trump operate behind closed doors.
Cohen, who is testifying against his former boss, told MSNBC that the trial truly could be a “deathblow” to his reputation and the real estate empire he’s built over the decades. Judge Arthur Engoron has already ruled that Donald Trump is liable for business fraud, demanding the dismantling of the Trump Organization in the state. It’s what Cohen is calling a “financial catastrophe” for him because the former president wants to be considered one of the richest men in the world (even though he’s already fallen off the list).
“I can tell you this has always been his biggest fear. That he would lose all of his money and he would no longer be considered the mega-billionaire that he tried to portray himself as,” Cohen revealed. The evidence presented in the trial has pointed toward the deceiving ways Donald Trump, his business, and his sons, Donald Jr. and Eric, allegedly inflated his net worth and overvalued his properties. While the former president will likely appeal the current rulings and the eventual outcome, he does stand to lose his iconic buildings, including Trump Tower.
Cohen thinks that this is probably the beginning of the end for his archenemy. “Once he loses the license within which to operate the good standing of the certificates of incorporation that make up what’s called the Trump Corporation, not only is the main company now going into the receivership,” he concluded. “But there are hundreds of other subsidiary companies that additionally will ultimately go as part of the receivership. It is a financial catastrophe. It is the death blow to Donald.”
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