Former Trump attorney Michael Cohen said New York State may seek to recover $750 million to $1 billion in penalties and fines against Trump.
Video of Michael Cohen on MSNBC’s The Sunday Show with Jonathan Capehart:
Cohen said when asked if the New York case against Trump would go to trial:
They had opportunities to settle. We don’t know what the facts behind this are. However, the 250 million according to the 200-page indictment by — — just our steadfast attorney general is the basis she’s looking for. It’s not the ceiling. We’re talking about anywhere, just about anywhere, based on my estimate based on the documents I know the Attorney General has, I suspect there’s probably between $750 million and $1 billion in penalties and fines.
Cohen pointed out that these are financial and tax crimes that Trump potentially committed and the numbers don’t lie, so unlike other cases against Trump where it’s his word against someone else’s, the problem here is a mountain of written evidence and documents bearing the fraud that was committed.
If New York tries to recover a billion dollars from Trump, it will financially ruin the former president, his family and his business.
Trump has about $900 million in loans maturing from 2022 to 2024. His businesses have been failing for years because his main source of income was fundraising and when he was president he turned away from taxpayers and used his position to make money.
If New York sues Trump for all he is owed, he will be financially destroyed.
Mr. Easley is the editor. He is also a member of the White House press pool and a congressional correspondent for PoliticusUSA. Jason holds a bachelor’s degree in political science. His graduate studies focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and the American Political Science Association