This was announced on Wednesday by New York Attorney General Letitia James. announced her $250 million civil lawsuit against former President Donald Trump, she specifically quoted former Testimony of Trump’s lawyer Michael Cohen in 2019, where he reported that former President fraudulently inflated the cost of his assets.
“Let me remind everyone that this investigation only began after Michael Cohen, former lawyer, his former lawyer testifies before congressional convention light on it’s a crime,” she said.
The question that triggered Mr. Cohen’s reply came in 2019 from Ms. James’s colleague of New York Democratic Representative Alexandria Ocasio-Cortez.
In 2019, Mr. Cohen testified against his former before the House Oversight and Government Reform Committee. At that time Ms. Ocasio-Cortez, who previous year beat former House Democratic Caucus Chairman Joe Crowley in primary in The 14th District of New York asked questions about whether Trump has ever provided inflated assets to an insurance company.
“Yes,” said Mr. Cohen. in response. When Ms. Ocasio-Cortez asked who still knew that Mr. Trump did it, he said: “Allen Weisselberg, Ron Lieberman and Matthew Calamari.”
lawsuit also named Mr. Lieberman, former main financial Officer for Trump organization. Specifically, it stated that Mr. Weisselberg helped Mr. Trump make fraudulent claims. of financial condition of his property.
“Mr. Trump made known through Mr. Weisselberg that he wanted his net worth on his statements increase every year and the statements were vehicle thanks to which it net worth was fraudulently inflated into billions of dollars year after year”Miss James office said in statement.
“And where will the committee find more information on is how you think we are need to review his financial statements and his tax returns,” she said.
“Yes, and you will find it in the Trump organization,” Mr. Cohen said.
The lawsuit alleges that Trump fraudulently inflated his net worth on millions of dollars so the banks can lend him and his business money on more favorable terms otherwise it wouldn’t be available.