Former personal attorney to Donald Trump, Michael Cohen, has made a dire prediction regarding the ongoing fraud case in New York, suggesting that it could spell financial disaster for the former president.

In an interview with CNN’s Kaitlan Collins, Cohen emphasized, “If you really want to get to Donald, the way to do it is through his bankbook. That’s what really gets to him.” He asserted that the current legal proceedings are poised to have a significant impact on Trump’s finances.

The recent ruling by Judge Arthur Engoron, which declared that Trump had engaged in fraud over several years by inflating the value of his assets to secure loans, resulted in the dissolution of some of Trump’s companies. New York Attorney General Letitia James is pursuing $250 million in damages in the civil case, although Cohen suggested that the final amount could surpass $600 million with added interest and penalties.

Cohen raised concerns about Trump’s ability to cover such a substantial financial burden. He explained, “He does not have that liquid cash available in order to pay that off,” noting that many of Trump’s assets have limited or no genuine value beyond their mortgages. Moreover, the sale of these assets, combined with outstanding taxes, may not yield the substantial windfall that Trump might hope for.

Michael Cohen, once a loyal confidant to Trump, ultimately turned against his former employer, cooperating with investigators and testifying before Congress. Some of his testimony played a pivotal role in the ongoing fraud case. Cohen’s legal troubles stemmed from activities he claimed were carried out on behalf of Trump, leading to guilty pleas for campaign finance violations, lying to Congress, and other charges. He was subsequently sentenced to three years in prison.

The situation continues to evolve, but one thing appears certain: the legal battles in New York are putting significant financial pressure on Donald Trump, and the outcome remains uncertain.

Credit: Huffington Post/Yahoo News