Judge Hammers Trump with Massive Fine, Cohen Says “He’s Stuck”
Donald Trump’s legal woes deepened as a New York judge hit him with a staggering $355 million fine following a fraud trial. His former lawyer, Michael Cohen, who testified against Trump, believes the ex-president is financially “stuck” and unable to pay the hefty penalty.
Cohen: Trump Can’t Afford the Fine, Business Ban a “Big Problem”
In an interview with MSNBC, Cohen, who served time in prison for lying to Congress and financial crimes, questioned Trump’s ability to pay the fine. “This is a staggering amount of money,” he said, adding, “Donald is not one of them” capable of writing a “half a billion dollar check.”
Cohen also highlighted the three-year business ban imposed on Trump as a significant blow, potentially hindering his ability to generate enough income to recover financially. “I don’t think it’s possible…within New York state assets” for Trump to dig himself out of this hole, Cohen emphasized.
Ex-Lawyer Proudly Claims “Judge Says I Told the Truth”
Cohen took pride in Judge Arthur Engoron’s statement acknowledging his truthful testimony despite past perjury charges. The judge noted Cohen’s animosity towards Trump but ultimately deemed his testimony credible. “This factfinder does not believe that pleading guilty to perjury means that you can never tell the truth,” Engoron wrote. “Michael Cohen told the truth.”
Cohen: Fair Ruling, Should Have Been Higher Fine
While agreeing with the ruling’s overall fairness, Cohen surprisingly stated he believed the fine should have been even higher. This sentiment suggests Cohen felt the penalty didn’t fully reflect the severity of the misconduct he exposed.
Key Takeaways:
Trump faces a $355 million fine and a 3-year business ban due to fraud.
- Ex-lawyer Cohen predicts Trump cannot afford the fine and struggles financially.
- Judge acknowledges Cohen’s truthful testimony despite past perjury.
- Cohen believes the fine should have been even higher.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
