Michael Cohen testified against his former client Donald Trump today in his New York fraud trial. This testimony has been anticipated for years, as Cohen was at the center of Trump's orbit and served as his "fixer" for a variety of issues over several years and agreed to testify against Trump as part of his plea agreement.
What made the appearance by Cohen even more dramatic was the fact that Trump was present. Appearance at the trial for the defendant is optional, and Trump has skipped several days either for political events or for more pressing matters like golf. But Trump was there to face his former attorney as he testified in the case that could end Trump's business career in New York.
Heading into court, Trump said that Cohen was "a liar trying to get a better deal for himself." Somewhat ironic that Trump was lying in the same sentence he was accusing Cohen of being a liar. Cohen's deal was done long ago. He also has been serving his sentence. He isn't going to get a better deal with his testimony, he is honoring the deal he already made many months ago.
Early on in his testimony, Cohen acknowledged his involvement in the hush money payment to award winning porn star Stormy Daniels, who Trump had a very brief sexual encounter with four months after Melania gave birth to their son Barron. Trump's
first statement to Daniels when he met her was that she reminded him of his daughter Ivanka.
Cohen then testified that he had previously lied about Trump's ongoing plans to build a 'Trump Tower Moscow,' which Trump discussed with him extensively before and during the 2016 campaign. Trump publicly denied having any interest in exploring a development in Russia during that time period. Cohen testified that he lied about this "at the direction of" Trump to protect him politically.
Cohen said that even though his employment with Trump involved projects with other members of Trump Org, he reported directly to Trump and only to Trump. He said his primary job was to work with Trump accountant Allen Weisselberg to "reverse-engineer" Trump's assets. He said they would value Trump's various properties and assets at an "arbitrary number" that was determined solely by Trump.
Cohen testified that Trump would tell them the bottom line of what he wanted his total net worth to be, and they would go onto his asset sheet and change the numbers from an assessed value to whatever numbers were needed to reach the bottom line that Trump wanted. He gave one example that when they valued Trump's net worth at $4.5 billion, he ordered them to cook the books to raise it to $6 billion.
When asked specifically what properties he overvalued, Cohen went through a list of them:
Cohen was then asked about Trump's 2014 attempt to purchase the Buffalo Bills football team. He said that Trump was trying to secure financing from Deutche Bank that was based off the assets that had been inflated. In a letter regarding the purchase, Trump said he wanted to buy the Bills for $1B and claimed his net worth was $8B.
Trump attorney Alina Habba then got up to cross-examine Cohen. This was a bit of a surprise because Habba is not exactly known as a great litigator, but this clearly was done at the direction of Trump. Habba began by pacing back and forth while reminding Cohen that he was under oath, which is an improper question. Habba then went through Cohen's plea agreement asking him line by line if that is what he signed. Riveting cross so far.
Cohen continued making his own objections to Habba's questions, causing Trump's other lawyer Christopher Kise to interrupt, saying that he was "completely out of control" on the stand, causing the courtroom to erupt in laughter.
At one point during the questioning, Cohen was attempting to elaborate on an answer about whether he lied during his guilty plea, and Habba interrupted saying, "You're not on Mea Culpa. You're not on your podcast. You're not on CNN."
Court then recessed for the day with cross-examination to resume tomorrow. Very little ground was covered on cross today, so tomorrow could be quite lengthy and contentious between Habba and Cohen.
This story was a summary from the excellent reporting of Adam Klasfeld from The Messenger, Jose Pagliery from The Daily Beast, and MSNBC legal analyst Lisa Rubin.