These Are the Documents Cohen Brought to Back Up His Case That Trump's a Liar
(Bloomberg) -- Michael Cohen, President Donald Trump’s former lawyer and fixer, brought documents to Wednesday’s congressional hearing to back up his case that his former boss is a “con man” and “a cheat.”
Here are some of the key documents he submitted to the House Committee on Oversight and Reform:
Trump, who has long refused to make public his tax returns, manipulated his claimed wealth to suit his purposes, according to Cohen.
Cohen produced what he said were three years of Trump’s financial statements, for 2011 through 2013, that purport to show Trump’s net worth skyrocketing from $4.6 billion to $8.7 billion.
He is set to tell the committee that Trump submitted the financial statements to Deutsche Bank, the German lender, as part of an attempt to obtain financing to purchase the Buffalo Bills, a professional football team.
“It was my experience that Mr. Trump inflated his total assets when it served his purposes," Cohen said in his prepared testimony. Lying to lenders when trying to obtain a loan is a crime.
Trump’s self-assessed net worth jumped by more than $4 billion from 2012 to 2013. He attributed it to increasing value of his most valuable asset -- his personal brand. Trump at the time had a successful reality TV show, “The Apprentice,” which was increasing his brand value.
The documents aren’t audited and it’s unclear how the valuation was derived.
Cohen is also making public copies of checks he received that he and federal prosecutors in Manhattan have said are reimbursement for hush money he paid to silence adult film actress Stephanie Clifford, also known as Stormy Daniels, who claimed an extramarital affair with Trump. At least one of the checks, dated August 1, 2017, was personally signed by Trump.
Cohen said the check was written from the president’s personal bank account, after he took office, “to reimburse me for the hush money payments I made to cover up his affair with an adult film star and prevent damage to his campaign.”
Cohen has pleaded guilty to charges of illegal campaign contributions related to the payments.
One of Cohen’s exhibits shows a news clipping touting "TRUMP: HIGH ART" detailing how a portrait of Trump sold for $60,000 to billionaire Stewart Rahr, while a portrait of Mick Jagger was reduced to $10,000 and ultimately didn’t sell. The item is circled and labeled "Michael C."
Cohen was set to testify that he found a straw purchaser for the portrait. Cohen arranged for Trump to reimburse the purchase with money from Trump’s charitable foundation. The portrait was displayed at one of Trump’s golf courses.
Trump also tweeted about the sale as if it was a surprise -- and not an arranged sale.
Cohen also included a letter to Fordham University in 2015 warning the university not to release any of Trump’s records -- four years after Trump demanded Barack Obama’s academic records.
©2019 Bloomberg L.P.