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Cohen says judge’s ruling puts Trump out of business in New York

Posted on AllSides September 27th, 2023
From The Center

Former Trump attorney Michael Cohen said a business fraud ruling against former President Trump is likely to put him out of business and could push him into bankruptcy. “The damages, in my estimation, with interest and penalty, will exceed $600 million,” Cohen said in a CNN interview Tuesday. “Will that put him into bankruptcy? He does not have the liquid cash in order to pay that off.” A judge ruled Tuesday that Trump and his sons committed fraud by inflating and deflating the value of their assets to mislead banks...

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