Michael Cohen, former lawyer to Donald Trump, has raised concerns about the former president’s increasing financial liabilities, suggesting they could make him “thoroughly compromised.”
"He needs to figure out where he is going to raise $500-plus million over a short period of time," Cohen said on the program, according to the report.
Trump, the leading 2024 GOP presidential candidate, was recently found liable for nearly $355 million in penalties in a civil fraud case in New York. This lawsuit, brought by New York Attorney General Letitia James in 2022, alleged that Trump manipulated his net worth on key financial statements to gain tax and insurance benefits.
Furthermore, Trump was ordered to pay $83.3 million last month in a separate civil case for defaming E. Jean Carroll. This adds to a previous $5 million verdict for sexually abusing and defaming Carroll.
Trump is also facing four criminal cases, with the New York hush money case set to go to trial next month. Cohen is expected to testify in this case.
See Also: Trump In Trouble? Former President’s Lead Over Biden Shrinks In New 2024 Election Poll
Engoron also banned Trump from serving as an officer or director in any New York corporation for three years. This ruling came after a lawsuit filed by James, accusing Trump and his family businesses of inflating his net worth by as much as $3.6 billion a year over a decade.
Eric Trump, the ex-President’s son, expressed outrage over the hefty fine, criticizing the court’s decision and lamenting the treatment his father received despite his contributions to New York City’s skyline.
Image via Shutterstock
Read Next: Trump Argues That Even If He’s Guilty In Hush Money Case, ‘There Is No Crime’
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
