Watch Ocasio-Cortez Grill Cohen on Whether Trump Committed Insurance Fraud
Congresswoman Alexandria Ocasio-Cortez (D-NY) ran through a number of questions about President Donald Trump‘s assets and finances with Michael Cohen this afternoon.
After first asking about the “treasure trove” of documents at AMI that David Pecker has knowledge of, Ocasio-Cortez questioned Cohen on Trump’s “asset inflation” and whether Trump “ever provided inflated assets to an insurance company.”
Cohen said yes, adding that information relating to this would be at the Trump Organization.
The New York congresswoman brought up the Trump Golf Course in the Bronx and a report from which “many New Yorkers and people in the country learned that taxpayers spent $127 million to build Trump Links” in a generous deal.
“According to an August 21st, 2016 report by the Washington Post while the president claimed in financial disclosure forms that Trump National Golf Club in Jupiter, Florida was worth more than 50 million,” she continued, “he had reported otherwise to local tax authorities that the course was worth ‘no more than 5 million.’ Mr. Cohen do you know whether this specific report is accurate?”
“It’s identical to what he did at Trump National Golf Club at Briarcliff Manor,” Cohen responded.
Ocasio-Cortez asked, “To your knowledge, was the president interested in reducing his local real estate bills? Tax bills?”
Cohen said yes, telling her that “what you do is deflate the value of the asset and put in a request to the tax department for a deduction.”
Finally she brought up the blockbuster New York Times report on alleged Trump tax fraud, asking him if it’s accurate. Cohen couldn’t say for sure, but said Trump Org CFO Allen Weisselberg would know.
You can watch above, via CNN.
[image via screengrab]
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