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Crime Donald Trump The Trump Organization

Trump’s Financial Penalty For Inflating His Net Worth Could Reach $1 Billion: Report

In addition to possibly watching as New York Attorney General Letitia James shuts down the Trump Organization, failed, one-term former president Donald Trump is also facing the prospect of having to pay up to $1 billion in financial penalties to the state for inflating the value of his business.

That’s the opinion of Trump’s former attorney and fixer, Michael Cohen, who floated the $1 billion figure during an appearance on MSNBC Thursday.

Speaking with host Ari Melber, Cohen remarked:

“I think Tish James is fantastic. I think she is an incredible attorney general, and an attorney general that I wish every single state in this country had. I actually wish [Manhattan DA] Alvin Bragg had been a little more Tish James. Though I’m going give Alvin a little bit of leeway as we now in October have the case against the Trump Organization … you cannot separate the Trump Organization from Donald.”

The led Melber to ask:

“Knowing him well, where do you think his head and emotions are at today, when he sees the prospect that he could really be booted from New York business, not him or his kids able to run any business here?”

Cohen replied:

“One of the things you talked about at the beginning, she’s seeking $250 million. That’s not accurate. What she said was the baseline of $250 million. Knowing the documents the way I do and knowing exactly the fraud that was going on, I see the number between $750 million and $1 billion.”

Imagine it: Trump is forbidden from ever doing business in the state of New York, the Trump Organization is permanently shuttered, and on top of that, the Donald has to pay $1 billion in penalties to the Empire State. He doesn’t have $1 billion, and no one is going to loan him a sum that large. He’d be forced to declare bankruptcy and liquidate all his assets.

Sounds about right considering all the harm Trump has done to this country.

 

By Andrew Bradford

Proud progressive journalist and political adviser living behind enemy lines in Red America.

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