Michael Cohen, former President Trump’s longtime personal lawyer and fixer, warned Sunday of the potential risk of sending Trump back to the White House with mounting legal costs and financial debt.
Cohen, now an outspoken critic of the former president, said in an interview on MSNBC’s “The Weekend” on Sunday: “He’s up for sale, so you have to be very careful as a potential president. ” he said.
“He needs to figure out where he’s going to raise more than $500 million in the short term,” Cohen continued.
Cohen’s warning comes after Trump, a leading 2024 Republican presidential candidate, was found liable on Friday for about $355 million in fines in a New York civil fraud case that severely damaged his family’s business. It was received and issued.
New York Attorney General Letitia James (D) filed suit against President Trump and his companies in 2022, accusing the former president of falsely altering his net worth in key financial statements to collect tax and insurance benefits. Mr. James also claimed that Mr. Trump sometimes adjusted the value of assets to obtain more favorable loans and deals, which the state points to as evidence of fraud.
Last month, a federal jury in a separate civil case ordered Trump to pay $83.3 million for defamation of E. Jean Carroll, accusing Trump of sexually abusing Carroll and defaming her in separate comments. This was in addition to a $5 million judgment in an earlier case that found the defendants liable.
Cohen said MSNBC host Simone Sanders-Townsend suggested that President Trump mentioned “Saudi Arabia and Russia” as options, but that “the bids keep going up, so he’s open to the highest bidder at this point.” also agreed.
“Yes, we compromised thoroughly,” Cohen said.
Trump has also been indicted in four criminal cases, two brought by special counsel Jack Smith, one in Georgia and one in New York. The New York hush money case is the first to go to trial, with jury selection expected to begin next month. Cohen is a witness in the case.
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