The fraud trial set to start Monday will be the “death blow to Donald Trump,” his former lawyer told MSNBC’s Jen Psaki Sunday.
A partial summary judgment handed down last week has already found him liable for fraudulently manipulating the value of his assets to secure loans.
Now a civil trial into the former president’s business operations is set to start in New York to iron out other issues – and figure out the penalty.
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Onlookers have suggested he could stand to lose his real estate empire.
And Michael Cohen, his lawyer-turned-nemesis, said it would result in Trump’s biggest fear being realized.
“This is not only the main company now going into the receivership, but there are hundreds of other subsidiary companies that additionally will ultimately go as part of the receivership,” he said.
“It is a financial catastrophe. It is the death blow to Donald. And I will tell you, during my tenure at the Trump Organization, I can tell you that this has always been his biggest fear, that he would lose money, that he would lose all of his money, and he would no longer be considered the mega-billionaire that he tried to portray himself as.”
Cohen said he will be at the trial Monday. But he said he thought there was little chance that Trump will be – despite his saying that he was planning to attend.
“Knowing Donald the way that I do, I would say that there is less than a 20% chance that he actually shows up,” he said.
“What is he showing up for? To show up and to watch? He is not being called tomorrow. He is going to sit and watch as the judge listens to testimony based upon how the evaluations were wrong, how the judge is going to determine the extent of the damage?”
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